US Parliament gives final approval to Donald Trump’s ‘One Big Beautiful Bill’
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President Donald Trump’s $4.5 trillion tax rebate and spending cut bill received final approval from the US Congress on Thursday (US time). Several hurdles had to be crossed to approve Trump’s signature second term policy package before the July 4 deadline. According to PTI news, it was approved in a tight vote of 218-214. In this voting, two Republicans joined all Democrats in opposition. The bill has been sent to Donald Trump for signature.
What’s next
Now that the bill has passed Congress, its next stop is to be officially signed into law on the president’s desk. The White House says President Trump will sign it at a ceremony on July 4 at 17:00 EDT (22:00 BTS). White House press secretary Caroline Levitt reacted to the bill’s passage with a one-word message on social media. She said, “Victory!” alongside an image of the American flag.
Know what the House Speaker said
The president himself pressured some skeptics to drop their opposition and send the bill to him to sign into law. Democratic leader Hakeem Jeffries of New York delayed the vote by staying in the House for more than eight hours with a record-breaking speech against the bill. House Speaker Mike Johnson, R-La., said we have a big job to accomplish. With One Big Beautiful Bill, we are going to make this country stronger, safer and more prosperous than ever before.
What is in the bill
The bill includes allowing workers to take a cut in tip and overtime pay and a cut of US$6,000 for most older adults earning less than US$75,000 a year. There is also a massive investment of about US$350 billion in national security and Trump’s deportation agenda and to help develop the Golden Dome Defense System on the US.
To help make up for lost tax revenue, the package includes US$1.2 trillion in cuts to Medicaid healthcare and food stamps, mainly by imposing new work requirements for some parents and older people, and large cuts to green energy tax credits. The nonpartisan Congressional Budget Office estimates that the package would increase the deficit by US$3.3 trillion over the decade.
