The US Senate approves to open the Trump budget debate to cut 4,000 million dollars in taxes

by Andrea
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El Periódico

The Senate of USA approved this Saturday Open the debate of the controversial budget of the president, Donald Trump, called the “great and beautiful bill”, which contemplates some 4,000 million dollars in tax cutsafter convincing some Republicans who questioned the initiative. With 51 votes in favor and 49 against, the Senate endorsed the formal debate of the plan, which is controversial because it has key elements of the Trump agenda, expands the tax cuts of its first mandate (2017-2021), elevates the defense expense y Migratory controly reduces social programs as Medicaid and food coupons.

The vote has come forward for 51 votes in favor and 49 against after convincing Republicans who questioned the project

While some Republican senators oppose the cuts to social programs, others alert the fiscal impact, since the plan approved on May 22 by the House of Representatives would cost the public debt in the next decade about 2.4 billion dollars, according to the Budget Office of the Congress.

The tax cuts discussed by the Senate would be equivalent to 4,200 million dollars, which would not be compensated with the reductions to the public budget, according to the Committee for a Federal Responsible Budget (CRFB, in English), an unseeed civil organization.

Hours before the vote, the controversy grew after the draft of 940 pages was spread, which includes more cuts than endorsed by the House of Representatives, in particular to tax incentives for wind and solar energy, and electric vehicles. The tycoon Elon Musk He accused the Senate of “destroying millions of jobs” by sharing in X a calculation of Jesse Jenkins, Princeton professor, about the project “will kill” hundreds of billions of dollars of investment in energy and manufacturing, will raise pollution and reduce the ability to compete with China.

Despite the beginning of the debate, legislators do not foresee their final approval until at least Sunday afternoon, as the leader of the Democrats in the Senate, Chuck Schumer, He forced to completely read the 940 pages of the project, with modifications with respect to what endorsed by the lower house. “I’m going to force this camera to read it, from beginning to end,” Schumer said after the official start of the debate. In addition, their definitive approval is still uncertain because Republicans have 53 of the 100 seats, so they cannot lose more than three votes.

Trump intensified his pressure in the last week for the Senate to approve his controversial ‘Big, Beautiful Bill’ these days to sign it on July 4, United States Independence Day. “The US wants reduced taxes, including no tax on tips, extra hours and social security, deductions of interest in cars, border security, a strong army and a law that is great for our peasants, manufacturing and general employment,” summarized this Saturday in his social truth network.

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