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@ Layer3.news
2025-05-22 15:12:46
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US HOUSE PASSES TRUMP'S 'BIG, BEAUTIFUL' TAX AND SPENDING BILL
https://ichef.bbci.co.uk/news/1024/branded_news/40d6/live/46bc0fe0-371b-11f0-89a5-277bf546daae.jpg
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✍️ House Republicans have passed a multi-trillion dollar tax breaks package, a victory for President Donald Trump and House Speaker Mike Johnson.
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👉 Extends tax cuts passed in 2017
👉 Provides funding for defense and deportations
👉 Makes significant spending cuts, including to Medicaid and Snap
👉 Estimated to add $5.2tn to US debt and increase budget deficit by $600bn
👉 Democrats opposed the bill, warning of dire consequences for lower-income Americans
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#BerndDebusmannJr #AnthonyZurcher #DonaldTrump #MikeJohnson #HakeemJeffries #politics
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