Congress Approves Trump's Tax and Spending Bill: Key Details & Impact
After a strenuous debate, the US Congress has passed a sweeping tax and spending bill championed by President Trump. The legislation, approved by the House and Senate, marks a significant victory for the administration's domestic agenda.
Key Points
The bill's passage was not without controversy, facing opposition from Democrats and some Republicans. The Congressional Budget Office projects the bill could substantially increase federal deficits over the next decade and impact health coverage for millions, a claim the White House disputes.
The approved bill includes provisions making the 2017 tax cuts permanent, impacting Social Security recipients, and investing heavily in border security and military spending.
Political Fallout
Democratic leaders strongly criticized the bill, citing concerns about its impact on lower and middle-class Americans. The bill's journey to passage involved intense negotiations and a record-breaking speech by House Minority Leader Hakeem Jeffries, who spoke for nearly nine hours.
Looking Ahead
The legislation's approval represents a major achievement for the Trump administration, but its long-term effects are subject to ongoing debate.
