Trump’s big bill achieved what conservatives have been trying to do for decades | US politics
Republicans argued that if the US taxes had been low for decades for decades, it was more difficult to access programs to help low -income Americans. When Donald Trump’s election framework tax and expenditure bill becomes a law, the country will learn what it is like to live under such a system.
The great legislation, which Trump plans to sign on Friday, will promise a reality by expanding the tax cuts that came into force in the first period and creating new interruptions for the working class voters supporting the re -selection.
However, it will reorganize the two major social security network programs, reduce financing, and apply new work needs that non -partisan forecasts will cost millions of people. Experts say that the fluctuation effects will be felt not only by the poor but throughout the country.
“Sometimes people like to feel like that. [issue]But this is really all of us. Lelaine Bigelow, General Manager of the Center for Poverty and Inequality, Georgetown, will have a great impact on many people in this country. ”He said.
As Trump said, “A Big, Beautiful Invoice” won a final approval by the House of Representatives on Thursday due to the signature of the US Independence Day holiday on 4 July. In addition to tax cuts, tens of billions of dollars will be channeled for immigration sanctions and building a wall along the Mexican border.
To reduce costs, the Republicans contained provisions to end the green energy incentives under Joe Biden, but most of the savings will come from changes in two programs: the additional nutritional help program (SNAP), which helps low -income Americans to buy food (SNAP).
Both programs will face new and more strict working needs and the states will have to share some of the SNAP cost for the first time. The non -Partisan Congress Budget Office (CBO) estimates that the Medicaid changes of the bill may cost health services to up to 11.8 million people, and on budget and policy priorities forecasts, the left -leaning center may have approximately 8 million people or five buyers.
The GOP argues that the bill will not flutter or flutter, but will extract “waste, fraud and abuse ve and thus make programs more efficient. At one point, the Speaker of the Assembly Mike Johnson, the research of the Conservative American Enterprise Institute, after sleeping after sleeping video games, how to spend most of the time of Medicaid buyers spent.
If they did not move, the Republicans warned that 2017 tax cuts would expire this year, many Americans would have to pay more and economic growth would suffer. However, the analysis of the law has found that the highest gains benefiting from the tax regime.
Bigelow warns that the benefit cuts will have the most common effect of the bill. The investigation of the center found that 34% of the country’s population will be adversely affected by the design of Snap and Medicaid deductions, and 2% of taxpayers were in the income parenthesis that will receive most of the tax reduction.
And the invoice tips reduce taxes on overtime and car loan interest rates, but only until 2028.
Even Americans who do not interact with federal security programs may feel the economic effects of their processing. Less registered people may mean less work for markets, while rural hospitals may be forced by Medicaid cuts even with a fund of $ 50 billion included in the bill to help those in financial forms.
Robert Mandi, a professor of sociology at the University of Michigan, estimates a 120 billion dollars of a annual stroke for local economies from benefit deductions. Employees and business owners, “the demand for local economies is decreasing because they can see that their jobs become less safe,” he warned.
Paradoxically, the bill is still very expensive. The CBO estimates that it will often add $ 3.3 million to 2034 due to tax cuts. While the Washington DC is fighting the big financial stimulus with the COVİD-19 pandema, there is little beauty in Trump’s bill for Mali Şahinler, who is concerned about the sustainability of the higher stretching country in recent years.
“Yes, the economy can enjoy a high level of sugar in the next few years, as the borrowing encourages close consumption,” he said.
“But sugar will not be sustained, it will not cause real damage, and often the next accident. Our economy, American families and children will be worse because of this debt financing bill.
