Trump pushes Republicans to do ‘the right thing’
The bill would extend and make permanent various individual and business tax breaks from Trump’s first term, plus temporarily add new ones he promised during the 2024 campaign, including allowing workers to deduct tips and overtime pay, and a $6,000 deduction for most older adults. In all, the legislation contains about $4.5 trillion in tax cuts over 10 years.
The bill also provides about $350 billion for defense and Trump’s immigration crackdown. Republicans partially pay for it all through less spending on Medicaid and food assistance. The Congressional Budget Office projects the bill will add about $3.3 trillion to the federal debt over the coming decade.
The House passed its version of the bill in May, despite worries about spending cuts and the overall price tag. Now, it’s being asked to give final passage to a version that, in many respects, exacerbates those concerns. The Senate bill’s projected impact on the nation’s debt, for example, is significantly higher.
Trump praised the bill profusely in a social media post, saying, ”We can have all of this right now, but only if the House GOP UNITES, ignores its occasional ‘GRANDSTANDERS’ (You know who you are!), and does the right thing, which is sending this Bill to my desk.”
The high price of opposing Trump’s bill
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