House Speaker Mike Johnson confirmed that lawmakers are “delivering on our promise to make America great again.”
Then the legislators voted 218-214 to adopt Senate changes to President Donald Trump’s “Big, Beautiful Bill.”
It’s a landmark for tax cuts and spending that includes many of Trump’s priorities. The $3.3 trillion measure installs in America budget priorities and spending – or not spending – points adopted by Republicans.
Trump, on social media, said, “The USA is on track to break every record on growth. Go Republicans, beat the Crooked Democrats tonight! Pro-growth tax cuts never fail.”
Will this presidential election be the most important in American history?
The nearly 900-page bill, read aloud on demands from Democrats who were trying to delay, and possibly even derail, the plan, extends the president’s 2017 tax cuts and further eliminates taxes on tips and overtime – a marquee promise that the president pledged repeatedly on the campaign trail.
The child tax credit is doubled and Trump’s new plan for $1000 “MAGA account” for new babies is included.
The tax cuts alone will cost $4.5 trillion over the next ten years, according to projections from the Congressional Budget Office. To offset the massive price tag Republicans included $1.2 trillion in spending cuts, mainly trimming Medicaid.
Lawmakers used a tactic called reconciliation, so the tax and spending bill did not need 60 votes in the Senate, which had approved the plan 51-50 with the tiebreaker from Vice President JD Vance on Tuesday.
The House originally adopted the plan late in May.
The primary component is the permanent extension of Trump’s 2017 tax cuts that would have expired this year.
The plan also exempts pay from overtime and tips from federal income taxes – a fulfillment of one of the Trump’s campaign promises.
According to the Daily Mail, “In addition, the bill allows individuals in high-tax states to deduct up to $40,000 per year for half a decade in state and local taxes (SALT) from their federal taxes – a top priority for conservatives in blue states.”
And, it added, “Border security efforts will also be getting a major cash infusion estimated to be around $150 billion for increased immigration enforcement. It includes $46 billion for Customs and Border Patrol to build border wall and enhanced security measures and around $30 billion for Immigration and Customs Enforcement.”
Also in the plan is $150 billion for Trump’s “Golden Dome” national defense plan.
Gone are billions of dollars for “green energy” schemes, and cash in federal programs that aided noncitizens.
There also now are work requirements for Medicaid and SNAP plans.
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This article was originally published by the WND News Center.
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