Trump breaks through resistance: Big Beautiful Bill is imminent!

Trump breaks through resistance: Big Beautiful Bill is imminent!

Vienna, Österreich - The US Congress has passed the controversial tax and expenditure law of President Donald Trump. On Thursday, the House of Representatives voted 218 to 214 votes for a submission of the Senate. The approval was considered unsafe due to internal disputes among the Republicans, but after a considerable pressure from Trump, the critics could be overcome. Trump plans to sign the law on Friday at 5:00 p.m. (11:00 p.m. CEST) in Washington. The signing act falls on July 4, the USA's holiday. vienna.at reports that is referred to as "Big Beautiful Bill" (BBB) and aims to secure borders, to boost the economy and the American dream to bring back.

Independent experts estimate that the law could increase the debt of the United States by around 3.4 trillion dollars within ten years. The drastic cuts in social benefits that threaten millions of Americans to loss of health insurance coverage are particularly worrying. These cuts affect the Medicaid program, among other things. The law also provides to permanently fix the tax cuts from Trump's first term 2017 and to introduce new tax reliefs, with approval in the House of Representatives being challenged by a more than eight and a half hour speech by the Democratic Group leader Hakeem Jeffries. Jeffries gave the longest speech in the US House of Representatives and criticized the law as harmful to poor citizens. The Tagesschau continues to report that 218 Republicans voted and the democrats voted against it. 212 votes against the law.

content of the law

The law, officially known as "One Big Beautiful Bill" (OBBBA), encompasses a thousand pages and is considered a comprehensive reform package that brings far-reaching changes in tax and social law as well as in the economic structure. According to the US Chancellery , the core concerns of the law are the extension of tax relief from the Trump era by 2026, investments in defense and border security and the reduction of climate and social policy programs. Particularly noteworthy are the extended tax options for private individuals, such as raising the child allowance and new deduction options for overtime and age expenses.

The law also provides for significantly increased expenses for defense and border security. The expenditure for the defense is expected to increase by $ 150 billion, while $ 70 billion flow into improving border security. Immigration policy is tightened by loss of billions, and numerous environmental incentives that were introduced under the bidet government are abolished.

political consequences and the future outlook

The political consequences of the law are unclear, especially since there will be interlions in the coming year. According to the US constitution, Trump is no longer entitled to vote after two sentences, so this law could be assessed as an attempt to generate political capital for the midterm elections in 2026. In view of the controversy and the mixed reactions to the law, criticism of the financial burdens for the US budget and social consequences could continue to grow.