Trumps Big Beautiful Bill: Disposal of debt explosion and social cuts!

Trumps Big Beautiful Bill: Disposal of debt explosion and social cuts!

New York, USA - Donald Trump has signed considerable 152 executive orders since the beginning of his second term around four months ago, more than all predecessors outside of the world wars. In this context, the Republicans presented an extensive household package that includes 1082 pages and operated under the title "The Big Beautiful Bill". The aim of this law is to reduce taxes and increase expenses, which could potentially lead to an additional budget flap of at least three trillion US dollars over a period of ten years. According to the Center on Budget and Policy Priorities Actual burden on the state health insurers due to this package is even $ 5.2 trillion, provided the changes are considered permanently.

A central component of the law is the extension of the 2017 Trump tax reform, which has introduced lower tax rates for wealthy Americans. This regulation is now continued by the new package. The proposed measures also include $ 25 billion for a defense system that is strongly based on the existing agreements with Israel. Additional funds for border protection and military are also planned. However, there are also massive cuts in state support programs, including higher work requirements for Medicaid and Snap.

social incisions and controversy

The law provides for gender -accumulating operations to no longer pay from the state health insurance. Fees for asylum seekers and tuition fee loans are also to be increased. In the current political discussion, the views of the extent to which the cuts in the welfare state are justified. There are both critics and hardliners within the Republicans who have different opinions on the effects of these cuts on the general population.

political next steps

The Republicans in the Senate, who have a narrow majority, strive to say goodbye to the law before the independence day on July 4. The process includes several steps, starting with the budget proposal from Trump, followed by negotiations in the House of Representatives and the Senate. This pace and the political Situation ensure a tense atmosphere in which confidence in the American economy is perceived as dwindling, as Sina Mainitz notes.

In the middle of these political upheavals, wealthy wealthy has fled to the hambeptons in New York, which drives real estate prices in the region. In a controversial speech at the closing ceremony of the West Point military academy, Trump focused on himself. Against the background of these developments, it remains to be seen how the political and economic framework conditions will continue.