Congress approves the Trump bill for taxes and spending

Today, the US House of Representatives passed the draft law of major tax cuts and the reduction of spending proposed by President Donald Trump.

Reuters said that the House of Representatives approved the draft law by a majority of 218 votes versus 214, and referred it to Trump to sign it to become a law.

Trump wants to sign the legislation to become an effective law by the Independence Day holiday on July 4.

In addition to extending Trump’s tax cuts for 2017, increasing spending on the army and migration control tasks, the project also reduces about $ 930 billion in spending on the health care program (Medik Id) and food aid to Americans with low incomes and canceling many green energy incentives provided by former Democratic President Joe Biden.

In addition to extending Trump’s tax cuts for 2017, increasing spending on the army and migration control tasks, the project also reduces about $ 930 billion in spending on the health care program (Medik Id) and food aid to Americans with low incomes and canceling many green energy incentives provided by former Democratic President Joe Biden.

The Senate, passed the draft law yesterday with a narrowest difference in the number of votes, after a turbulent session throughout the night.

The Associated Press reported that the Senate’s vote is a pivotal moment for President Trump and his Republican party, as they were busy studying the 940 -page draft law, which was called an officially “single and beautiful draft law” before the Democrats made an amendment to delete the name.

The American billionaire, Elon Musk, criticized this project, and said, on Tuesday, that those who voted in favor of the package should “feel shy,” warning that he will launch a campaign against them.

An analysis issued by the budget office in Congress, a non -partisan office, concluded that an additional 11.8 million Americans will lose health insurance by 2034 if the draft law is final.

The Congress Budget Office added that the package will increase the financial deficit by about $ 3.3 trillion over the course of the contract.