“One Big, Beautiful Bill”, as Trump’s law, has gone through a tight majority. The key was the vice -president of JD Vance.
On Tuesday, the US Senate approved the President Donald Trump’s tax and expenditure cuts, which he referred to as “One Big, Beautiful Bill”. The senators received it with the closest possible majority, and the vice -president of JD Vance was decisive. According to DPA, TASR writes about it.
The Lower Chamber of the Congress (House of Representatives) passed the law in May, but the Senate approved amendments and so it will have to do this again. Trump would like to sign the law by July 4, which is the US Independence Day.
The central point of the law is the permanent extension of the tax relief from Trump’s first term. The outages caused in the federal budget are to be financed from cuts in social benefits, which was sharply criticized by the Democrats. DPA recalls that the law also disagrees with several fiscal conservative Republicans. They argue that expenditure cuts are insufficient and legislation will increase the budget deficit.
The bill was criticized by technology billionaire Elon Musk, one of Trump’s largest supporters in the election campaign. On his social network X, he threatened a member of the Congress that if they support the law, he would financially support their counter -candidates in the upcoming primaries. Trump warned him that if he finance the Democrats “he would have to bear very serious consequences”.
