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The Senate narrowly handed President Trump’s complete tax and spending laws, often known as the “One Huge Stunning Invoice Act,” by a 51-50 vote on Tuesday, with Vice President J.D. Vance casting the decisive tie-breaking vote. The invoice now strikes to the Home for a important Wednesday vote as Republicans rush to satisfy Mr. Trump’s Independence Day deadline for signing the laws.
The Senate victory got here after greater than 24 hours of intense negotiations throughout a marathon voting session, with Republican leaders working tirelessly to persuade holdouts. Senate Majority Chief John Thune acknowledged the issue of the method however expressed satisfaction with securing Mr. Trump’s legislative priorities.
The sweeping package deal contains a number of main parts: everlasting extension of the president’s 2017 tax cuts (stopping a $4 trillion tax improve), new deductions for ideas and time beyond regulation pay, non permanent will increase to the state and native tax (SALT) deduction cap from $10,000 to $40,000, and a $6,000 deduction for seniors. The invoice additionally allocates $46.5 billion for border wall completion, $150 billion for nationwide protection together with the Golden Dome challenge, and raises the debt restrict by $5 trillion.
Nevertheless, the laws faces important opposition as a consequence of its proposed spending cuts of over $1 trillion, primarily focusing on Medicaid and the Supplemental Vitamin Help Program (SNAP). The invoice would implement work necessities for able-bodied Medicaid recipients with out younger dependents and tighten SNAP work necessities.
Three Senate Republicans finally voted in opposition to the measure: Susan Collins of Maine, Thom Tillis of North Carolina, and Rand Paul of Kentucky. Sens. Collins and Tillis opposed steep Medicaid cuts and clear power tax credit score phaseouts, whereas Sen. Paul objected to the deficit affect. Sen. Lisa Murkowski of Alaska offered the essential ultimate vote after securing protections for her state from sure program cuts.
The Home faces even larger challenges, with 16 reasonable Republicans opposing the Medicaid cuts and monetary conservatives arguing the spending reductions are inadequate.
Rep. Ralph Norman known as the Senate adjustments “unconscionable” and pledged to vote in opposition to the invoice.
Democrats in each chambers strongly oppose the laws, with Sen. Angus King calling it the “most disgusting vote” of his profession. They argue Republicans are offering tax breaks to rich Individuals whereas reducing healthcare and meals advantages for low-income households.
President Trump celebrated the Senate victory and urged Home Republicans to unite behind the invoice, emphasizing that it represents everybody’s coverage wins and can ship decrease taxes, larger wages, safe borders, and stronger navy for the American folks.
Read more: Hard-fought win in Senate sets up round two throwdown in House for Trump’s big bill
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