The American Senate Republicans approved in the early hours of Saturday, 5, their structure for spending cuts and new tax exemptions of trillion dollars, surpassing the Democratic opposition. President Donald Trump calls the package “great and beautiful bill”, which is central to his agenda. There were 51 votes in favor against 48 contrary
The project establishes a new tax structure for Trump tax reductions and new security spending and the Armed Forces. Approval paves the way for Republicans in the coming months to try to force a tax reduction bill in both Congress chambers, despite the democrats’ objections, as well as Trump’s first term with unified party control in Washington.
There were at least 24 amendments to the Republican package. Just an amendment to protect Medicare and Medicaid, health insurance programs funded by the US government, has been approved.
Democrats accuse Republicans to prepare the land to cut essential security network programs to help pay more than $ 5 trillion in tax cuts that they said disproportionately benefit the richest.
Republicans have classified the project as preventing a tax increase for most American families, arguing that unless individual and heritage cuts approved by Republicans in 2017 will expire later this year.
The Senate package covers other republican priorities, including $ 175 billion to reinforce Trump’s mass deportation effort and another $ 175 billion for the Pentagon to strengthen the Armed Forces. The new fiscal structure now follows for the House analysis, where President Mike Johnson can take her to the vote next week.
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The House Republicans have already approved their version, with $ 4.5 trillion in tax exemptions over ten years and about $ 2 trillion in budget cuts pointed to changes in medicaid, food coupons and other programs.
A new estimate of the Tax Tax Committee projects that tax exemptions will add $ 5.5 trillion in the next decade, including interest, and $ 4.6 trillion without including interest. In addition, senators included additional $ 1.5 trillion that would allow some of Trump’s campaign promises, such as no tips, social security benefits and overtime, increasing the overall cost to $ 7 trillion.
