The measure was approved in the Senate thanks to Vice President JD Vance’s tiebreaker, and surpassed His last step in the House of Representatives With a tight 218-214, just in time for the self-imposed deadline of July 4.
Tax drops, plan axis
The central point of the plan is to maintain and expand the tax cuts already approved during Trump’s first mandate. It is estimated that the law Includes about 4.5 billion dollars in fiscal reductionspermanently extending current tax rates and adding new deductions:
- Deductions for tips, extra hours and loans for vehicles.
- Fiscal credit per child rises from 2,000 to $ 2,200, although not all low -income households will receive it complete.
- Special 6,000 dollars for $ 65 with revenues under $ 75,000.
- Increased deduction limit for state and local taxes (PST) from $ 10,000 to $ 40,000 for five years.
Companies will benefit from incentives to immediately deduce machinery and research expenses, while the richest households will see tax improvements, in contrast to the poorest, than They could lose up to $ 1,600 per year for cuts in social programsaccording to the analysis of the Congress.
Defense, deportations and the border wall
The plan includes 350,000 million dollars to reinforce national security and migratory: more funds for the wall with Mexico, 100,000 beds in detention and hiring centers of 10,000 immigration agents. It also contemplates 25,000 million for the Golden Dome antimile system and other billions for the Pentagon.
Social cuts and new requirements
To finance part of the plan, cuts are established in Medicaid and food aid, especially affecting adults without young children and people over up to 65 years. A work requirement of 80 hours per month is introduced for many beneficiaries and a new co -payment of 35 dollars in medical services.
Energy, Education and “Trump Accounts”
The law reduces incentives to renewable energy and eliminates the subsidy for electric cars before planned. Instead, traditional industries such as coal for steel are encouraged. The “Trump” child savings accounts with up to even $ 1 per child and funds are allocated to projects such as the “National Garden of American Heroes.”
How much will it cost?
According to the Congress Budget Office, the plan would increase the deficit by 3.3 billion dollars in the next decade. However, the Senate Republicans affirm that, with their own calculations, the deficit could be reduced by almost half a billion, which has been criticized as a misleading accounting maneuver.
In summary, the Plan reinforces Trump’s priorities: less taxes, more safety and defense expense, and cuts to the welfare state, with a strong long -term fiscal and political impact.
