On the eve of Independence Day, the U.S. Congress approved one of the most radical budget bills in modern history, initiated by Donald Trump. This law fundamentally reshapes the country's economic priorities with significant tax cuts and reductions in social programs.
Budget Adoption in a Climate of Political Tension
Trump's budget law was narrowly approved by 218 votes to 214 in the House of Representatives on July 3. This followed a tense vote in the Senate. The White House characterized this as a 'VICTORY', emphasizing that the law embodies the president's economic promises. Despite fractures within the Republican Party, only two Republicans voted against it.
Budget Measures: Tax Cuts and Social Cuts
The reform includes significant tax cuts, the elimination of the tipping tax, and an increase in the military budget. However, it also entails substantial cuts to social programs like Medicaid and SNAP, triggering fierce protests from the opposition. Estimates indicate that the new law will increase the public debt by over $3.4 trillion by 2034.
Opposition Reaction and Consequences
Opposing politicians, including Hakeem Jeffries and former President Joe Biden, condemned the legislation as 'cruel' and 'irresponsible'. They argue that changes in budgetary policy could worsen social conditions for millions of Americans. Amidst this, the debates over the implications of the new law are intensifying.
The passed budget law signifies a crucial step in Donald Trump's economic strategy; however, its impact on social policy and the country's economic stability could heighten political conflicts and public discontent.
