Trump's 'Beautiful' Tax Bill After Medicaid Cuts Fast-Tracked Amid GOP Revolt And House Budget Deal
Video Credit: Oneindia - Duration: 07:31s - Published
Trump's 'Beautiful' Tax Bill After Medicaid Cuts Fast-Tracked Amid GOP Revolt And House Budget Deal
Donald Trump's sweeping tax and spending bill cleared a major hurdle as the House Budget Committee advanced it late Sunday after GOP leaders caved to demands from ultraconservatives to speed up deep Medicaid cuts.
The fast-tracked work requirements could eject millions from coverage.
Clean energy tax breaks will also be phased out sooner.
Though the bill now moves to the House floor, fractures within the Republican party persist.
Senate resistance looms from moderates and green energy backers, making the path to passage far from smooth for Trumpâs high-stakes fiscal agenda.
U.S. President Donald Trump has lashed out at Ukrainian leader Vladimir Zelensky, calling him âthe greatest salesman in the worldâ and accusing him of walking away from Washington with massive aid packages. In a new interview, Trump said he hated to see billions âpissed awayâ on Ukraine and questioned where the money went. With Congress growing skeptical, Trump also highlighted how Zelenskyâs influence has waned. The remarks come just as Russia and Ukraine agreed to a major prisoner swap during their first direct peace talks in three years.
#Trump #Zelensky #UkraineAid #USPolitics #RussiaUkraineWar #MilitaryAid #BidenAdministration #Congress #UkraineFunding #VladimirPutin #TrumpInterview #UkraineWar #ZelenskySpeech #FoxNews #TrumpOnUkraine #PeaceTalks #GOP #UkraineConflict #USForeignPolicy #TrumpVsZelensky
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Moodyâs has downgraded the U.S. governmentâs credit rating from Aaa to Aa1, citing a worsening debt trajectory and political paralysis in Washington. The move follows similar downgrades by Standard & Poorâs in 2011 and Fitch in 2023. Moodyâs warned that deficits could reach 9% of GDP by 2035, driven by interest payments and rising entitlement costs. Efforts to curb spending failed as Republicans and Democrats remain divided. The agency also flagged Trump-era tax cuts as a $4 trillion threat to fiscal health if extended, further straining the federal deficit outlook.
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President Trump has revealed that Iran received a fresh U.S. proposal for a new nuclear agreement. Urging swift action, Trump warned Tehran to âmove quicklyâ or face serious consequences. Secretary of State Marco Rubio stressed the urgency, citing Iranâs 60% enriched uranium stockpileâjust a short step from weapons-grade levels. With four rounds of backchannel talks in Oman and increasing pressure from Congress, the stakes are high. Trump claims Iran has âsort of agreed,â promising a future without ânuclear dustââbut Republicans are demanding a tougher stance.
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Trump's GOP-backed budget proposal is facing fierce backlash as it slashes Medicaid funding while handing massive tax cuts to billionaires. Critics say the plan will balloon the deficit by $52 trillion while doing little to help the working class. The controversy grows amid an ongoing tariff war shaking global markets.
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