A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation proposes a sweeping overhaul of the US economy, extending Trump's 2017 tax cuts while significantly boosting defense and energy spending and allocating new funds for border security. This move has ignited a political firestorm in Washington D.C., creating deep divisions not only between parties but within the Republican ranks and even straining Trump's relationship with high-profile supporters like Elon Musk.
The funding for this ambitious bill is at the heart of the controversy. The Republican proposal outlines deep cuts to essential social safety nets, including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), and other low-income assistance programs. According to the Congressional Budget Office, these changes could result in nearly 12 million Americans losing their health coverage. The bill also introduces new work requirements for childless, able-bodied adults to receive Medicaid and SNAP benefits.
The financial implications are staggering. The bill is projected to add an estimated $3.3 trillion to the national debt over the next decade, a figure that has caused alarm and division among fiscal conservatives in the GOP. Social Democrats like Bernie Sanders have fiercely condemned the bill, labeling it a "handout to Trumpâs rich allies." In a tense Senate session, Vice President JD Vance had to cast a tie-breaking vote to advance the legislation.
Despite the backlash, the bill contains provisions aimed at working-class voters, such as eliminating federal taxes on tips and overtime pay. However, House Democrats have blasted the legislation as a "reckless, regressive GOP tax scam" ahead of the crucial midterm elections. As the final vote looms, Trump has urged Republican lawmakers to "stay united" and pass the bill, which also includes a provision to raise the debt ceiling by $5 trillion.
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Rubioâs Funny Banter About Jaishankar at QUAD Meet Goes Viral | Jaishankar Scolds US Over Terrorism
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Prime Minister Benjamin Netanyahu visited Kibbutz Nir Oz for the first time since the October 7 Hamas massacre, 636 days after the attack. The kibbutz lost 117 of its 400 residents in the atrocity, and nine remain hostages in Gaza. While the visit included emotional embraces and moments of unity, Netanyahu faced scathing criticism from freed hostages and bereaved families.
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In a massive second-term victory, U.S President Donald Trumpâs $4.5 trillion âBig Beautiful Billâ has officially cleared the U.S. Congress. Passed by a narrow margin of 218â214 in the House, the legislation delivers sweeping tax cuts, permanent extensions of his 2017 reforms, and major funding for border security and immigration enforcement. Despite deep Republican divisions and united Democratic opposition, Trump is set to sign the bill into law at a high-profile July 4th ceremony. What does this mean for Americaâs economy and the 2026 elections? Letâs break it down.
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The Pentagon has confirmed it is conducting a âcapability reviewâ to reassess whether military aid to Ukraine aligns with Americaâs shifting defense priorities. Chief spokesperson Sean Parnell said the U.S. is taking a hard look at promised weapons deliveries â some of which are now halted â to ensure national interests come first. The move follows the White Houseâs decision to stop key shipments of air defense ammunition, artillery shells, and missiles previously pledged under the Biden administration.
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This Day in History:, FDR Signs the Beer
and Wine Revenue Act.
March 22, 1933.
After 14 years of Prohibition, the Beer and Wine Revenue
Act finally allowed the sale and government taxation..
Credit: Wibbitz Top Stories Duration: 00:48Published