Trump's Big Bill Faces GOP Divisions Amid Economic Promises

Generado por agente de IACoin World
miércoles, 2 de julio de 2025, 12:40 pm ET1 min de lectura

President Donald Trump expressed strong support for his proposed tax and spending package, dubbed the “Big, Beautiful Bill,” through several posts on his Truth Social platform. The US House of Representatives narrowly voted to consider the resolution for this bill by a margin of 212-211. Trump highlighted the bill's potential to drive economic growth, stating that it would be one of the most successful pieces of legislation ever passed if approved by the House. He emphasized that the bill would lead to an economic renaissance, with benefits including a halved deficit, record investment cash, and an influx of factories and jobs into the USA.

Despite Trump's optimism, the path to the bill's passage is fraught with challenges. The narrow vote margin indicates potential divisions within the Republican Party. House Speaker Mike Johnson is actively working to unite lawmakers from different ideological factions within the GOP to ensure the legislation is passed before Trump’s July 4 legislative deadline. Johnson noted ongoing discussions with holdouts and members wary of the bill’s provisions. House GOP Majority Leader Steve Scalise echoed Johnson’s sentiments, acknowledging that some members had reservations about changes made by the Senate but insisted the bill still carried “the Trump agenda.”

However, some conservatives are withholding support until substantive amendments are made. Rep. Ralph Norman of South Carolina stated, “Unless something changes, I’m a no.” Rep. Tim Burchett of Tennessee criticized his fellow party members for what he called a familiar bait-and-switch tactic, expressing skepticism about the likelihood of future amendments. Several other conservative House Republicans are reportedly visiting the White House to raise their objections directly with the president, focusing on federal deficits and social spending programs.

The legislation includes $4.5 trillion in tax reductions and proposes to raise the federal debt ceiling by $5 trillion, $1 trillion more than the House’s original version passed in May. It also mandates significant cuts to federal health and nutrition programs, including Medicaid and the Supplemental Nutrition Assistance Program (SNAP). According to several economists, the bill is likely to benefit high-income earners while putting increased pressure on lower-income Americans.

Comentarios



Add a public comment...
Sin comentarios

Aún no hay comentarios