TRUMP SIGNS 'BIG, BEAUTIFUL' BILL IN SWEEPING VICTORY FOR SECOND TERM AGENDA, OVERCOMING DEMS AND GOP REBELS
President Donald Trump signed his $3.3 trillion "big, beautiful bill" on Friday, after the House passed the final version of the measure Thursday to ensure it arrived at the president’s desk by his self-imposed July 4 deadline. The bill includes key provisions that would permanently establish individual and business tax breaks included in Trump's 2017 Tax Cuts and Jobs Act, and incorporates new tax deductions to cut duties on tips and overtime pay. "We have officially made the Trump tax cuts permanent," Trump said. "That's the largest tax cut in the history of our country. After this kicks in, our country is going to be a rocket ship economically." The measure also raises the debt limit by $5 trillion. Furthermore, the bill rescinds certain Biden-era green energy tax credits, and allocates approximately $350 billion for defense and Trump’s mass deportation initiative. The measure also institutes Medicaid reforms, including new 80-hour-a-month work requirements for Medicaid recipients, and expands work requirements for those on the Supplemental Nutrition Assistance Program, or SNAP. no Democrats in either chamber of Congress backed the measure. House Minority Leader Hakeem Jeffries, D-N.Y., labeled the bill "cruel" during floor remarks that lasted hours on Thursday.
A political strategist and the Founder & CEO of Freedom's Fund USA, a nonprofit to protect freedom and national security from threats that impact our future, ASHLEY SMITH THOMAS
No comments yet. Be the first to say something!