The “One Big, Beautiful Bill Act” -- which now moves to the Senate -- would usher into law Trump’s vision for a new “Golden Age,“ led by efforts to shrink social safety net programs to pay for a 10-year extension of his 2017 tax cuts.
“It’s the kind of transformational change that future generations will study one day. They’ll look back at this day as a turning point in American history.”
It is the centerpiece of Trump’s domestic policy agenda that could define his second term in the White House.
The nonpartisan Congressional Budget Office (CBO) predicted it would boost the incomes of the richest 10 percent while making the bottom 10 percent poorer, through hundreds of billions of dollars in cuts to health care and food aid.
And Trump’s press secretary Karoline Leavitt claimed the bill “does not add to the deficit,“ and would actually save $1.6 trillion through spending cuts.
‘Devastating’
House Minority Leader Hakeem Jeffries called the bill “the largest cut to health care in American history... in order to enact the largest tax breaks for billionaires in American history.”
The president had pressured the party to back the controversial package in a rare Capitol Hill visit Tuesday after it hit a series of roadblocks pitting conservative fiscal hawks against moderate coastal Republicans.
Multiple conservatives initially appeared ready to reject the bill, but a follow-up meeting with Trump on Wednesday was credited with persuading some of the holdouts to fall into line.
To appease his right flank, Johnson moved up the enforcement of work requirements for Medicaid recipients by two years to the end of 2026 and agreed to phase out clean energy tax credits earlier.
But the bill is likely to undergo at least a month of significant rewrites in the Senate, which plans to get the package to Trump’s desk by July 4.
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