BIG WIN for President Trump | Senate PASSES the ‘BIG BEAUTIFUL BILL’ by NARROW 51-49 Majority - video Dailymotion

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Trump’s sweeping tax and spending bill has cleared a key Senate hurdle with a narrow 51–49 vote, advancing to final debate. The multi-trillion-dollar plan slashes taxes, boosts military and border spending, and cuts social programs like Medicaid. Trump praised the vote as a “great victory.” GOP leaders lobbied hard, with VP JD Vance and Trump personally courting key senators. Democrats vow delays with procedural tactics, as a final vote and a long “vote-a-rama” amendment marathon loom ahead.    #TrumpBill #SenateVote #BigBeautifulBill #TaxCuts #MedicaidCuts #PentagonSpending #BorderFunding #JDVance #TrumpVictory #VoteARama #GOPPolitics #USCongress #SenateShowdown #TrumpAgenda #RepublicanPush #July4Deadline #SpendingBill #BudgetBattle #CapitolHill #TrumpTaxPlan #USPolitics #BreakingNews #LisaMurkowski #RandPaul #SusanCollins #JohnJohnson #MedicaidFight #SenateDrama #VoteWatch #FiscalPolicy #CongressDebate  Also Read  Trump Intends To Resolve North Korea Conflict Amid Reports Of Rejected Letter :: https://www.oneindia.com/international/trump-intends-to-resolve-north-korea-conflict-amid-reports-of-rejected-letter-7785511.html?ref=DMDesc  US Will Soon Sign Very Big Deal With India: Trump :: https://www.oneindia.com/international/us-will-soon-sign-very-big-deal-with-india-trump-7784501.html?ref=DMDesc  Trump’s Iran Strike Claims Under Scrutiny: Intelligence Reports Raise Doubts About ‘Total Obliteration’ :: https://www.oneindia.com/international/trump-s-iran-strike-claims-under-scrutiny-intelligence-reports-raise-doubts-about-total-obliterati-7783233.html?ref=DMDesc    ~ED.102~HT.408~GR.124~

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00:00U.S. President Donald Trump on Friday decided to abruptly kill all trade talks with Canada

00:21after it decided to go ahead with a new digital services tax on foreign as well as domestic

00:27technology companies. In retaliation to this, Trump decided to end all trade talks with Canada

00:34and threatened imposing additional tariffs on exports from the U.S.'s northern neighbourhood.

00:41In a post on Truth Social, Trump termed Canada a very difficult country to trade with

00:48and called the new Canadian digital tax a direct and blatant attack on the U.S.

00:54So, what exactly is this digital services tax imposed by Canada?

01:00Canada's Digital Services Tax Act was first proposed in 2019 and approved and enforced in June last year.

01:09This digital services tax is a levy on tech-driven news generated from Canadian users even if the

01:17providers do not have a physical presence in the country. As per this tax, large technology firms

01:24with global revenues exceeding $820 million and Canadian revenues of more than $14.7 million

01:33must pay a 3% levy on certain digital services revenues which they earned in Canada.

01:41Now, one of the most contentious parts of the new framework for businesses

01:45is the retroactive nature of the tax. That is, that this new levy will be applicable on revenues made

01:53by a company starting back right from January 1, 2022. That is, over three years of revenue.

02:02Now, to put things into perspective, U.S. companies such as Amazon, Meta, Google and Uber face an estimated

02:10$2 billion in bills under the new tax imposed by Canada.

02:16And that is why Trump has taken so harshly to the new Canadian tax.

02:22On June 11, 21 U.S. Congress members urged Trump to pressure Canada into rolling back this tax,

02:30arguing that it would set a terrible precedent having long and lasting impacts on global tax and trade

02:37practices. And Trump acted. After posting about his decision to end all trade talks with Canada,

02:44Trump also threatened with imposing additional tariffs on Canadian goods and services,

02:50and warned that Canada was foolish to do it and it will not work out well for them.

02:57Now, the U.S. is Canada's largest trading partner by far,

03:01with more than 80 percent of Canadian exports destined for the U.S. A disruption due to tariffs

03:07on products like automobiles, minerals, energy or aluminium could have massive ripple effects

03:14across both the economies, but especially on the Canadian economy.

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BIG WIN for President Trump | Senate PASSES the ‘BIG BEAUTIFUL BILL’ by NARROW 51-49 Majority

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