United States Senate Passed narrowly On Tuesday, President Donald Trump’s grand tax and cost bill, intense negotiations and repairs after a marathon voting session.
The Bill, which faces the challenging approval of the final approval in the House, will have to deepen the popular health and nutrition programs in other solutions.
These measures were approved after almost 48 hours of debate and amendments.
Here’s what you need to know:
What is Trump’s ‘big, beautiful bill’?
This bill is a piece of law that costs tax deductions, protection and border security, and reduces social security network in a spacious package.
The main goal of this bill is to increase the tax deduction of Trump’s 3 TAX, which will expire at the end of the 225. This will make most of the tax breaks permanent, as well as the cost of border security, military and energy projects.
This bill is partially financed by reducing healthcare and food programs.
Trump’s non -Startson Congress Budget Office estimates that Trump’s measures are estimated to increase US debt by $ 3.3 trillion in the next 10 years. The American government is currently the lenders of its lenders.
The main aspects of the bill include this:
Tax deduction
In 2017, Trump signed it Tax deduction and law of taxWho reduced taxes and increased the standard deduction for all taxpayers, but this mainly benefited the high-producing one.
These tax breaks are about to expire this year, but new new ones will be permanent. He has also added a few more cuts that promised during his campaign.
An American tax code called Salt deduction (state and local tax) has changed. This lets taxpayers deduct some state and local tax (such as income or property tax) on their federal tax return.
Currently, people can subtract only $ 10,000 in these taxes. In the new bill, the cap will increase from $ 10,000 to $ 40,000 for five years.
Taxpayers will be allowed to reduce the interest on the loan for the purchase of cars made in the United States, as well as the income generated from the overtime.
There are about $ 4.5 trillion dollars in tax deduction in the law.
Boys
If Bill does not become lawChild Tax Credit – which is now $ 2,000 for each child every year – will go to $ 1000 starting in 2026.
But if the Senate’s current version of the bill is approved, the credit will be $ 2,200.
Border wall and security
The bill set aside the bill, about $ 350 billion on Trump’s border and national security plans. This includes:
- $ 46 billion for the US-Mexico Border Wall
- $ 45 billion for 100,000 beds in migrant possession centers
- Billions of more than 10,000 immigration and custom enforcement (ICE) agents as part of the plan to make the biggest deportation in the history of the United States.
Cuts of medical and other programs
Republican plans to count back to offset the price of tax deduction and new costs Medicaid And food assistance programs for families with low -income.
They say that they are basically re -creating the net program of this safety to help people with pregnant women, disabled and children – as well as called waste and abuse.
Medicated helps Americans poor and disabled, while supplementary nutrition assistance program (SNAP) helps people to take groceries.
Currently, more than 71 million people rely on Medicide and receive benefits by 40 million SNAPs. According to the Congress Budget Office, the bill will leave an additional 11.8 million American people without health insurance by 2034 by 2034.
Clean energy tax deduction
Republican people are pressuring to significantly measure tax incentives that support renewable clean energy projects such as solar and wind. This tax breakdown was an important part of the 2022 law of former president Joe Biden. Inflation low law, The purpose of which to deal with climate change and reduce health care costs.
For those who buy new or used electric vehicles, if the tax is disconnected, the current law will expire at the end of 2032 in the current format, will expire on September 30 this year.
Loan limit
The loan limit in this law will increase by $ 5 trillion, going beyond $ 4 trillion in the version passed by the House in May.
Who is the most advantage?
According to the Yellow University’s budget lab, rich taxpayers are likely to get more from this bill than the low -income Americans.
They estimate that people in the brackets with the lowest incomes are their income. Percent percentage, mainly due to Snap and Medicade deductions, and their highest income will increase by 5.5 percent.
Which senators voted against the bill?
Susan Collie of the Republican SenateDue to deep medical deductions affecting low -income families and rural health care.
I strongly support raising tax exemptions for families and small businesses. My opinion against this bill is mainly due to the harmful effect on Medicides, affecting low -income families and rural health services providers like our hospitals and nursing homes.
– Sen. Susan Collins (@Senator Collie) July 1, 2055
The Republican Senate member Thom Tillis of North Carolin It was mentioned that his components were cut off the medical deduction. Trump has announced the threat of supporting the Republican Challenge to Tilis in the wake of Tilis that he will not re -election.
The facts are important. People are important. Senate’s Medicained approach breaks promises and will take people away from the medical needed. Senate can fix a simple solution to ensure that it will not happen. Pic.twitter.com/zvv1Agcxbf
– Senate member Thom Tilis (@SyntomTilis) 30 June 2055
Republican Senate member Kentucky’s Rand Paul For financial reasons, he voted “No” and warned that the national deficit would significantly deteriorate.
Throughout the whole opinion, I was working overnight to prevent Congress from adding to our debt.
I met @VP And I revisited my offer to vote for this bill – if it includes 90% of the loan limit.
No sign. No handouts. Only real financial reforms.
I wasn’t watching…
– Rand Paul (@Randpoll) July 1, 2055
Each member of the Democratic Cocks also voted against the bill by a total of 47 senators.
Who supported the Bill in the Senate?
The rest of the Republican voted in favor and allowed the bill to pass 51-50 with the vote of the decision made by Vice President JD Vans.
Trump has fixed the July 4 deadline to approve the bill through Congress July July, but on Tuesday acknowledged that it is “very difficult” to the date, as it is now necessary to vote at the House. The House had approved the previous version of the bill in May, but the Senate’s repair needs to be re -viewed.
This includes this among the member supporters of the Senate Senate:
Senate member Lisa Murkovsky (Representative of Alask): After the Republican agreed to the Alaska-specific provisions, its support was secured, including delayed nutrition reduction and new rural health funds.
She told a journalist of the NBC News, “I am the bond of the people of Alaska and I live every day.”
Florida’s Senator Rick Scott, Utta’s Mike Lee, Ron Johnson of Wisconsin and Synthia Lumis of Wyoming: These sloppy conservative senators changed the hesitation to show support after the amendment made by the bill.
John Thun, the majority of the Senate leaders Pressed to approve the law.
How did MPs and the public react?
Most Republican MPs celebrated this as a historic performance.
Trump also expressed his happiness.
“Wow, music in my ear,” said Trump after a journalist told him the news. He continued, “I was surprised at how we are doing, because I know this is a primetime, showing that I care about you.”
After the vote, Thu said: “Finally, we worked and we were happy to be partners with President Trump and his agenda.”
Democrats opposed it and asked the rich to pay it at the expense of healthcare, food aid and climate policy.
“Today’s opinion is our Republican colleague .It will hurt for many years of the coming year,” Democrat Chak Shumar said in a speech on the floor after voting.
He said, “The Republican shamefully covered this chamber.
Today’s opinion will hurt the Senate Republican Republican for many years.
As the cost increases and the debt is rising, the closure of the hospital will show the loss of Americans.
Democrats will remember the betrayal that has happened today. Pic.twitter.com/WMWNNZA5N9K
– Chak Shummer (@Senschumar) July 1, 2055
The US Chamber of Commerce led the alliance of more than 145 organizations that support the bill. Emphasize It “capital investment, employment generation and higher wages will increase”.
He appreciated permanent tax deduction and border security funds.
However, the Healthcare and the Hospital Association have warned that millions of people can lose coverage, increase emergency conditions, and unaided costs. Environmental groups have also shown strong opposition.
People’s opinion on the bill is also decreasing.
“Initially (Trump) had more than 50 percent support. Now it is less than 5 percent, and politicians know that Al Jazir’s Lan Lan Fisher reported by Washington DC.
“They know that this can lead to a reduction in Medicide. Even though Donald Trump promises to protect it, it knows that it makes it a nutritious event, especially for poor families in the United States.
“And even if they get tax deductions, but democratic arguments, they have managed a lot of time that they have deducted taxes, but billions of billionaires will work better than ordinary Americans and this has changed the Opinion pole,” he said.
What happens next?
This process begins with the House Rules Committee, which will decide how to fulfill the bill and how the debate and thoughts on the floor of the House.
After the bill was approved through the Rule Committee, they will go to the House floor for discussion on Wednesday morning for discussions and voting on the rules.
If the representative does not accept the version of the Senate Bill, it can change it and send it back to the Senate for another vote.
Alternatively, the Council Committee was able to appoint members to compromise both chambers.
Once both the House and the Senate were agreed to the final text and they were approved in both the chamber of both the Congress, the bill will be signed by Trump.
