Trump Enacts Sweeping Tax and Spending Bill, Reshaping US Domestic Policy
Trump Enacts Sweeping Tax and Spending Bill, Reshaping US Domestic Policy
President Donald Trump officially signed a sweeping tax and spending package into law yesterday, July 4th, during a White House picnic, marking a significant legislative victory for his administration. The controversial bill, which narrowly passed both chambers of Congress, enacts substantial changes to federal policy, impacting millions of Americans.
The new law includes broad tax cuts, building on previous legislation from Trump’s first term, with analyses indicating the wealthiest citizens will be the primary beneficiaries. Simultaneously, it introduces new restrictions and cuts to crucial safety-net programs like Medicaid and SNAP (food stamps). Experts project these changes could leave nearly 12 million people without healthcare and 8 million losing food assistance, drawing sharp criticism from Democrats and advocacy groups.
Furthermore, the legislation allocates a monumental $170 million to immigration enforcement, signaling a major push for increased deportations, a move strongly condemned by immigrants’ rights organizations. The bill also targets green energy incentives established under the previous administration, a blow to climate initiatives.
Despite the administration’s celebration, including President Trump touting it as a “birthday present for America,” the bill faces bipartisan criticism over its projected impact on the national debt, with estimates suggesting an additional $3.3 trillion by 2034. While proponents argue the changes will boost the economy and curb waste, opponents decry it as a transfer of wealth to the rich at the expense of vulnerable populations.
Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.