US President Donald Trump urges senators to approve their main tax reform within 4 July and reduce the expenses account, news Wire AP reported. He actively lobbied for the senators and hoped to speed up a large bill of law through a slowly rolling Senate.
President
Trump was in direct contact with the senators via one -on -one cottages, including a meeting with the leader of the majority of the Senate John Thun at the beginning of this week, the AP report.
The President actively promotes a quick vote of more than 1000 party accounts that the house passed closely last month.
A hard way forward in the Senate
Senators are currently working behind closed doors to revise a massive Republican package. With most slim 53-place Grand Old Party (GOP) faces John Thune to make a sufficient number of votes. Democrats strongly against the bill, in particular its proposed cuts in Medicaid, food stamps and investments in green energy, which they claim to help pay more than $ 4.5 trillion in tax cuts.
Despite Trump’s pressure, some Republican senators remain unconvincing. Senator Rand Paul of Kentucky is a key possession. Paul is against an increase of $ 4 trillion on the debt ceiling included in the bill. Trump publicly criticized Paul, but the senator remains firm in his attitude.
The bill attracts criticism
Billionaire Elon Musk expressed a strong opposition to the bill and called it “this massive, outrageous, pork congress expenditure account” and “disgusting abomination” to X (formerly Twitter). Musk recently resigned from his position “special government” at the Ministry of Administration (DOGE).
The democratic leader of the Senate Chuck Schumer killed the bill as “ugly to his core” and urged the senators to consider Muska’s criticism. Schumer claims that the bill provides tax relief for ultra -rich by threatening health care for millions of Americans.
The Neplonisan Budget Office is expected to publish an analysis of the financial impacts of the law soon. However, Republicans are ready to fire these findings from the congress score as wrong.
The core of the law
The aim of the bill is to extend the tax reduction of 2017 from the first term of Trump and introduce new ones, including no taxes on tips. It also includes an important allocation of $ 350 billion for border security, deportation and national security.
To compensate for lost tax revenues and avoid an increase in debt of $ 36 trillion in the country, the Republicans want to reduce federal expenditures by imposing work requirements for some Americans relying on government security services. Some estimate that this could lead to a loss of health care of 8.6 million and almost 4 million losses of additional benefits of nutritional aid known as Snap. The bill would also increase the debt limit in the country by $ 4 trillion to allow more loans to pay accounts.
Problems surrounding an account
Deadline 4 July is not only aspiring for the President, but also mandatory for Finance Minister Scott Bessnt, who warned Congress that the nation would run out of money to pay their accounts, if the ceiling of debt, now at $ 36 trillion, will not raise in mid -July or in early August to allow more loans.
Senators discuss potential changes to the bill, including the possible expansion of some newly proposed tax reliefs for Trump for car loans or overtime rewards. There are also discussions about a change in the ceiling of $ 40,000, which proposed the house for state and local deductions.
Senators such as Josh Hawley, Susan Collins and Lisa Murkowski expressed concern about the proposed changes to Medicaid, including $ 35 Copay for the service and termination of the provider, which many countries used to finance rural hospitals.
(Tagstotranslate) United States (T) Donald Trump (T) USA President (T) Tax Act (T) US senators
