Trump close to victory on flagship 'Big Beautiful' tax bill

FRANCE 24 English

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00:00This is the biggest tax cut in the history of our country.

00:03It's a bill that has kept lawmakers working around the clock.

00:07For most Republicans, getting it passed is critical for implementing President Trump's vision of America.

00:13This bill creates the right incentives for historic economic growth,

00:18makes unprecedented investments in our military and border security,

00:22and implements the largest spending reduction in American history by twofold.

00:27For Democrats, it's a surefire way to further wealth inequality.

00:33The bill still kicks 17 million Americans off their health care.

00:39Record cuts to Medicaid, record cuts to the Affordable Care Act, record cuts to Medicare.

00:46But that's not all.

00:48Four and a half million kicked off nutrition assistance, mostly seniors and children.

00:55Why?

00:56To help subsidize massive tax cuts that mostly go to the top 1%.

01:04At its core, the legislation provides $4.5 trillion in tax cuts,

01:10which according to the Congressional Budget Office would see a boost of $12,000 for the wealthiest households

01:16and cost the poorest $1,600 a year.

01:20The bill also includes $350 billion in spending for Trump's immigration crackdown to go towards the likes of funding

01:27the U.S.-Mexico border wall, migrant detention facilities and more ICE officials.

01:33To finance this, the costs have to be recovered elsewhere.

01:37Medicaid and food assistance programs for the poor are among those facing the biggest hits.

01:42Subsidies for clean energy are also set to be rolled back

01:46in what critics have argued is a death sentence for solar and wind industries.

01:51However, the gains don't make up for the shortfall.

01:54All in all, Trump's big, beautiful bill is projected to increase the federal deficit

02:00by over $3 trillion in the next 10 years.

02:03Also, if you don't have anyvatip, let's move the bill to the upper deficit of the American Times,

02:07let's go to the north court, let's move the first-hour news,

02:09let's go to the military level of the tax cuts.

02:11Let's move on to the country, the news is that the news of the who can't work.

02:13All in all, Trump's big dealings will succeed.

02:14All in all, Trump is with the small states.

02:16All in all, Trump's big, and Trump's big dealings is that the ubic

02:27of theiousness of those who can't work a lot, and Trump is perfectly independable.

02:29And Trump is, why we don't live in a long way.

02:30We're doing it.

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