A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk.
The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits.
The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trump’s rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation.
Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion.
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00:00There could be no better birthday present for America than the phenomenal victory we achieved just hours ago when Congress passed the one big, beautiful bill to make America great again.
01:49What, in my view, is the most dangerous and destructive piece of legislation in the modern
02:01history of America, and that is Trump's big, beautiful bill.
02:08The yeas are 50, the nays are 50, the Senate being evenly divided, the vice president votes
02:14in the affirmative, the bill as amended is passed.
02:44We want to stand up and protect the health care of the American people.
03:07Stand up and protect the nutritional assistance of the American people.
03:10Stand up and protect our farmers.
03:12Stand up and protect our veterans.
03:14Stand up and protect the clean energy economy.
03:40There could be no better birthday present for America than the phenomenal victory we achieved
03:54just hours ago when Congress passed the one big, beautiful bill to make America great
03:59again.
04:00Right?
04:01Right?
04:02Right?
04:03And in the last election, the people gave us a historic mandate to cut taxes, raise take-home
04:08pay, bring back jobs, stop the invasion, that horrible invasion.
04:14Who would do that?
04:15Who would do that?
04:18Who would do that?
04:19That horrible?
04:20Who would do that to us?
04:21Who would do that to us?
04:22Deport the illegals and slash hundreds of billions of dollars of waste and fraud, and
04:27that's what we're doing.
04:28With this bill, every major promise I made to the people of Iowa in 2024 became a promise
04:41kept.
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