Trump vowed to pass a Tax cut bill and secure America
Trump vowed
to pass a Tax cut bill and secure America
“Passing THE ONE, BIG, BEAUTIFUL BILL is a Historic
Opportunity to turn our Country around after four disastrous years under Joe
Biden. We will take a massive step to balancing our Budget by enacting the
largest mandatory Spending Cut, EVER, and Americans will get to keep more of
their money with the largest Tax Cut, EVER, and no longer taxing Tips,
Overtime, or Social Security for Seniors — Something 80 Million Voters
supported in November. It will unleash American Energy by expediting permitting
for Energy, and refilling the Strategic Petroleum Reserve. It will make
American Air Travel GREAT AGAIN by purchasing the final Air Traffic Control
System.
We will secure our skies from our adversaries by
building The Golden Dome, and secure our Border by building more of our Wall,
and supercharging the deportation of the millions of Criminal Illegals Joe
Biden allowed to walk right into our Country. It will kick millions of Illegals
off Medicaid, and make sure SNAP is focused on Americans ONLY! It will also
restore Choice and Affordability for Car purchases by REPEALING Biden’s EV
Mandate, and all of the GREEN NEW SCAM Tax Credits and Spending. THE ONE, BIG,
BEAUTIFUL BILL also protects our beautiful children by stopping funding for
sick sex changes for minors. With the Senate coming back to Washington today, I
call on all of my Republican friends in the Senate and House to work as fast as
they can to get this Bill to MY DESK before the Fourth of JULY. Thank you for
your attention to this matter!”
Trump is cutting taxes and imposing tariffs simultaneously
President Donald Trump’s Truth Social post promotes
the "One Big Beautiful Bill Act" as a transformative legislative
package aimed at addressing multiple priorities of his administration. The post
claims the bill will deliver the largest tax cut in U.S. history, eliminate
taxes on tips, overtime, and Social Security for seniors, and enact significant
spending cuts to balance the budget.
Trump also emphasizes energy reforms, including
expediting energy permitting and refilling the Strategic Petroleum Reserve,
modernizing air traffic control, and funding a missile defense system called
the "Golden Dome." Additionally, the bill is said to enhance border security
through wall construction and mass deportation of undocumented immigrants,
restrict Medicaid and SNAP benefits to U.S. citizens, repeal Biden-era electric
vehicle mandates and green energy tax credits, and end funding for gender-affirming
care for minors.
Trump may
face hurdle in the US Senate
The House passed this bill on May 22, 2025, by a
narrow 215-214 vote, but it faces challenges in the Senate, where Republicans
are eyeing significant changes due to concerns over its estimated $3.8 trillion
addition to the national debt over a decade, according to the Congressional
Budget Office (CBO). The bill includes permanent extensions of the 2017 Trump
tax cuts, temporary tax breaks on tips and overtime, and a $2,500 child tax
credit through 2028. It also imposes work requirements for Medicaid and SNAP, potentially
reducing Medicaid coverage by 8.6 million people by 2034, per CBO estimates,
and cutting SNAP benefits for millions. Border security provisions allocate
$46.5 billion for the border wall, $140 billion for immigration enforcement,
and funds for 18,000 new Border Patrol, Customs, and ICE officers. Defense
spending would increase by $150 billion, including $25 billion for the
"Golden Dome" missile defense system. The bill also raises the debt
ceiling by $4 trillion and modernizes air traffic control with a $12.5 billion
investment.
What’s next?
However, the bill has drawn criticism. Democrats,
including House Minority Leader Hakeem Jeffries, have called it a "tax
scam" favoring the wealthy while cutting safety net programs like Medicaid
and SNAP, which could disproportionately harm low-income Americans, women, and
children. The CBO estimates suggest significant coverage losses, and critics
argue the tax cuts primarily benefit high earners, with those making under
$50,000 potentially seeing income decreases. Senate Democrats led by Chuck Schumer
and some Republicans express reservations, particularly about Medicaid cuts,
indicating the bill may undergo substantial revisions before reaching the
Senate floor. The Senate is under
pressure to act before the July 4, 2025, target set by Trump and House
Speaker Mike Johnson, with Treasury Secretary Scott Bessent warning of a debt
ceiling breach by mid-summer if no action is taken.
