Washington– Since his first term, the president did not stop Donald Trump On the repetition of that he is seeking to rationalize government spending, and for this, a pledge to the famous businessman and the richest man in the world, Elon Musk Contributing to achieving this goal by managing government efficiency before the differences between the two men were brought when the draft law holds the law known as “major and beautiful legislation”, which includes a significant reduction in tax and increased government spending.
Amid the concern of the justified experts from increasing public debt, Trump constantly defends the size and scope of this legislation, describing the large spending as investments that will restore to America its greatness.
Trump described the law as the most important legislation in his second term, a single bill that would pave the way for the implementation of his entire internal agenda. But as the draft law goes from the House of Representatives to the Senate, it is expected to face a lot of opposition.
A report issued by the independent “Budget Control Institute” in Washington revealed that the draft law will add $ 2.4 trillion to the national debt over the next decade.
The lawy law promotes the two masses with Congress to respond to a difficult question about the feasibility of this legislation, especially as they enjoy the rule of the White House and control the House of Representatives and the elderly.
And “The Great and Beautiful Bill”, is a comprehensive legislative package presented by Trump a few weeks ago, and it was passed in the House of Representatives by a small difference on May 22, by a majority of 215 votes compared to 214 votes that came on a strict partisan basis. The passage of the decision came in a pivotal moment in the Trump legislative agenda, which reflects the priorities of his policy and deep divisions within the Republican Party.
The most prominent advantages of the new draft law
The law will include 4 basic areas that lead to spending, and reduce taxes as follows:
The project seeks to make the tax cuts made during the first Trump state, which was scheduled to end at the end of this year, permanent, whether related to individuals or companies. The abolition of taxes on tipping, additional work and the benefits of car loans. The project reduces tax rates for individuals in each individual income segment, as well as companies, which reduces corporate tax rate from 25% to 21%.
These measures are expected to add approximately $ 4 trillion to the national debt over the next decade.
- Reducing medical and social care programs
Important changes in the “Medicaid” program, which provides health insurance for nearly 70 million of America and its former fighters. The new law sets difficult conditions, including imposing 80 hours per month of work, education, or community service for physically healthy adults. Reports expect that the project will reduce the spending on these programs by an estimated $ 700 billion over 10 years, but the Congress Budget Office is estimated that 8.6 million people may lose health insurance.
- Border security and migration
The draft law allocates $ 70 billion to border security, of which 46.5 billion are to build and maintain barriers along the border between US And Mexico. The law allocates billions of dollars to increase the number of border patrol officers and customs officers, to enhance the capabilities of the implementation of immigration laws. Finally, the law allocates billions of dollars to accelerate procedures Deportation And detention, and the construction of detention centers allowing the accommodation of 100,000 additional immigrants.
The draft law allocates an additional $ 150 billion to defensive spending, and $ 25 billion is to develop the missile defense system.The golden domeAnd allocate $ 34 billion to expand the naval fleet, and new shipbuilding projects are also allocated $ 21 billion to re -ammunition stocks to renew and update the country’s ammunition reserves.
“The Great and the Beautiful” between the support and opposition of the Republicans
After the draft law obtained the support of all Republicans in the House of Representatives, and the members who defend tax cuts and strict policies towards immigrants, the results of the project can not be predicted for the remainder of Trump’s rule.
The budget office in Congress estimates that the draft law will increase the federal deficit by about 2.4 trillion dollars during the next decade. While supporters argue that tax cuts will stimulate economic growth, critics assert that long -term financial effects can be harmful.
The draft law criticized 3 basic categories, two Republican categories, and the third democratic as follows:
- Financial conservatives of Republicans, a number of Senate members, such as Senator Rick Scott, from Florida, and Senator Ron Paul from Kentucky, have expressed their concerns that reducing spending on the draft law is insufficient, and that it will exacerbate the national debt.
- Elon Musk and the Department of Government Efficiency “Doge”, where Mask criticized the draft law, and considered him a waste of his efforts to reduce government waste, and reached the point of describing it as “disgusting hateful legislation.”
- Democrats and defenders of the right to health care, and the opposition of this team focuses on the possible loss of health insurance for the poor enjoyed by millions of Americans, in addition to these annoyers of care programs discounts.
In contrast, many Republican members face a dilemma that the Trump law practically eliminates the “inflation” law that passed during the era of former President Joe Biden, left positive effects on climate change, providing tax credit guarantees for clean energy projects, and rehabilitating infrastructure.
Many of the republican provinces have benefited from various projects, including clean energy projects or building factories for electric car batteries. Hence, Republican Senators are not expected to approve the part of the abolition of the laws of former President Biden.
Trump accounts
Trump’s background, as a businessman and real estate developer, controls his vision of government spending, and the real estate world depends on taking advantage of debts, where developers borrow for construction, expecting the value of their projects to eventually exceed the cost of borrowing.
Trump believes that huge government spending will now pay fruits in the future, and deserves the trouble of raising loan rates, with his belief that the end result was worthy.
Most of them do not agree to this proposition, and the Republican hawks warned that the non -controlled borrowing would burden the future generations. But for Trump, the political and economic results outweigh these concerns.
As for Trump’s political accounts, it can be promoted that tax cuts are evidence that it takes into account the middle class, contrary to what Trump’s critics repeat that the draft law serves the wealthy. Trump can also indicate that raising the volume of military spending is evidence of his reign that “America first”.
On the other hand, Trump’s enthusiasm for the “Great and Beautiful” bill revealed huge divisions within Republican Party. The traditional conservative Republicans, who defended balanced budgets since the era of President Ronald Reagan, felt a dismay of Trump’s willingness to accumulate more debts. Senate members such as Rand Paul and former House of Representatives Paul Ryan warned that the national debt would exceed 30 trillion dollars, which has already happened.
Despite the concerns of the Republicans, no Republican Republican in the House of Representatives voted against legislation. This fully republican support will not continue in this way in the Senate, in which democracy has a majority of 3 votes.
In the end, President Trump managed to overcome Republican reservations in the House of Representatives when it comes to canceling the reduction law Inflation. Now that this bill has directed this to the Senate, which it must pass in order for this draft the law to have an opportunity to become a law already applied, Trump faces a difficult test that doubled the importance of the sharp dispute with Mask.