Trump’s “Big, Beautiful” BILL Explained: Why Everyone Is MAD Over BBB|Cuts for Rich, Chaos for Poor?
Video Credit: Oneindia - Duration: 05:04s - Published
Trump’s “Big, Beautiful” BILL Explained: Why Everyone Is MAD Over BBB|Cuts for Rich, Chaos for Poor?
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 Trump’s 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.
#DonaldTrump
#USTaxBill
#USPolitics
#ElonMusk
#BreakingNews
#OneindiaNews
#Americanews
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'Putin is bluffing,' Zelenskyy tells Trump as European leaders push for Ukraine ceasefire
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READ MORE : http://www.euronews.com/2025/08/13/putin-is-bluffing-zelenskyy-tells-trump-as-european-leaders-push-for-ceasefire
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