The tax-cut package has been approved by Congress, marking a significant win for President Trump. This bill will make 2017 tax cuts permanent, fund immigration enforcement, and provide new tax breaks promised in Trump's 2024 campaign. However, it will also cut health and safety net programs, zeroing out green energy incentives, and adds $3.4 trillion to the national debt. Despite Republican claims of taxpayer benefits, Democrats criticize it as benefitting the wealthy and harming millions of Americans by cutting necessary services.
This tax-cut package is a significant victory for the Republican president, aiming to fund immigration crackdowns and make 2017 tax cuts permanent.
The bill is projected to add $3.4 trillion to the national debt while cutting health and food safety net programs.
Republicans argue that the legislation will lower taxes and stimulate economic growth, with only two House Republicans voting against the bill.
Democrats condemned the legislation as a giveaway to the wealthy, emphasizing its adverse effects on healthcare for millions.
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