Donald Trump’s controversial ‘One, Big, Beautiful Bill’ passed in US Congress
The United States Congress on Thursday passed President Donald Trump’s $4.5 trillion package of tax cuts and spending reductions, officially titled the “One, Big, Beautiful Bill”.
The Republican-led House of Representatives narrowly approved the legislation by a 218–214 vote, sending it to Trump for his signature. The bill had already passed the Senate earlier in the week and returned to the lower chamber for a final vote on the revised version.
The bill entails tax cuts of about $4.5 trillion that Trump had enacted during his first term, and additional tax breaks, AP reported. However, the reduction in tax revenue is to be offset by cutbacks in social safety net programmes, such as the Medicaid health insurance programme and food stamps.
The bill also includes an investment of about $350 billion in national security and the deportation of undocumented migrants.
The legislation is expected to add $3.4 trillion to the United States’ deficits in the course of a decade, AFP reported.
To fund increases in military and border security spending, the bill also ends federal subsidies for clean energy and electric vehicles. This move was reportedly one of the reasons for the falling-out between Trump and billionaire businessman Elon Musk, his former supporter.
After the bill was passed, Trump said in a social media post that on July 4, the US...
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