- Bill to add 3.4 billions of dollars to American debt over a decade.
- Contains many of Trump’s main national priorities.
- Dem Jeffries sets a record with a speech of 8 hours and 46 minutes.
President Donald Trump is expected to sign his huge bill on the tax cup and his expenses Friday at 5 p.m. (HE) – 3 am on Saturday (PST) – marking a major political victory after having cleared the close congress, offering radical breaks for companies and rich while reducing health coverage for millions.
The 218-214 vote is equivalent to an important victory for the Republican President, who will finance his immigration repression, will render his tax reductions in 2017 permanently and produce new tax alternatives which he promised during his campaign in 2024.
It also reduces security and zero security and zens of incentives to green energy. He would add 3.4 billions of dollars to a debt of $ 36.2 dollars in the country, according to the Budget Office of the Non -Somino Congress.
Despite the concerns within Trump’s party on the price of the 869 -page bill and its impact on health care programs, in the end, only two of the 220 Republicans of the Chamber voted against it, after a confrontation of the day. The bill has already authorized the Senate controlled by the Republican by the narrowest margin possible.
The White House said Trump would sign it on Friday at 5 p.m. HE (2100 GMT), the holidays of the independence of July 4.
The Republicans have said that legislation would reduce taxes for Americans through the income spectrum and stimulate economic growth.
“It’s jet fuel for the economy, and all the boats will increase,” said Chamber Mike Johnson.
Each Congress Democrat voted against this, exploding the bill as a gift to the rich who would leave millions of people not insured.
“The objective of this bill, the justification of all the cuts that will harm every day Americans is to provide massive tax loss to billionaires,” said the Democratic chief of the Hakeem Jeffries Chamber in an eight -hour and 46 -minute speech that was long in the history of the Chamber.
Trump maintained the pressure throughout, cajolizing and threatening the legislators as he pressed them to finish the work.
“For the Republicans, this should be an easy yes. Ridicule !!!” He wrote on social networks.
Although about a dozen Republicans of the House threatened to vote against the bill, only two ended up doing it: Brian Fitzpatrick de Pennsylvania, a centrist, and Thomas Massie from Kentucky, a curator who said he had not reduced his expenses.
Marathon weekend
The Republicans ran to respect the deadline for Trump’s July 4, working last weekend and organizing debates overnight in the Chamber and the Senate. The bill adopted the Senate on Tuesday during a 51-50 vote in what saw the vice-president JD Vance Voter.
According to the CBO, the bill would reduce tax revenue by $ 4.5 billion over 10 years and reduce the expenses of $ 1.1 billion.
These spending reductions largely come from Medicaid, the health program which covers 71 million low -income Americans. The bill would tighten the registration standards, institute a work requirement and write a financing mechanism used by states to stimulate federal payments – changes that would leave nearly 12 million people who are not insured, according to the CBO.
Republicans have added $ 50 billion to rural health providers to respond to the concerns that these discounts would force them to make.
Non -partisan analysts have found that the richest Americans would see the greatest advantages of the bill, while low -income persons would actually see their income drop because the security net reductions would prevail over their tax reductions.
The increase in the loading of debt created by the bill would also effectively transfess money from younger generations to older generations, according to analysts. The rating company Moody’s demoted the American debt in May, citing increasing debt, and some foreign investors say that the bill makes American cash obligations less attractive.
The bill increases the ceiling of the American debt by 5 billions of dollars, avoiding the prospect of a short -term defect. But some investors fear that the overhang of debts can reduce the economic revival of the bill and create a long -term risk of higher loan costs.
On the other side of the big book, the bill avoids the tax increases which were to hit most of the Americans at the end of this year, when Trump’s individual and commercial tax cuts had to expire. These cuts are now permanent, while tax reductions for parents and businesses are widened.
The bill also sets up new tax lounges for income, overtime wages, the elderly and car loans, making the promises of the Trump campaign.
The final version of the invoice includes more substantial tax reductions and more aggressive health care reductions than the initial version that adopted the house in May.
During deliberations in the Senate, the Republicans also abandoned a provision which would have prohibited regulations at the state level on artificial intelligence and a “reprisals” on foreign investment which had stimulated the alarm to Wall Street.
The bill is likely to appear prominently in the mid-term elections in 2026, when the Democrats hope to take up at least one room in the Congress. Republican leaders argue that the tax alternatives of the bill are surprising before that, and many of its services reductions should only start in the elections after this election. Opinion polls show that many Americans are concerned about the cost of the bill and its effect on low -income people.
