Trump threw a massive Independence Day party at the White House Friday and signed his huge tax package right there on the lawn. Republican lawmakers cheered as fighter jets roared overhead during the fancy ceremony. The president grabbed the gavel and slammed it down after putting his signature on the controversial bill. He told supporters America was winning like never before and promised the country would become an economic rocket ship. Trump and Melania later watched fireworks from the balcony and danced to music before heading off to New Jersey.
The new law keeps Trump's 2017 tax cuts going and wipes out taxes on tips and Social Security payments. Republicans love the deal but Democrats are furious about what it does to regular families. The legislation slashes Medicaid and food stamp programs by a massive 1.2 trillion dollars. Budget experts say nearly 12 million Americans will lose their health insurance because of these changes. The package will pile another 3.3 trillion dollars onto the national debt over ten years.
House Republicans pushed the bill through with just two members voting against it. Senate Republicans barely squeezed out a win with Vice President Vance casting the deciding vote. Democrats slammed the legislation as a gift to billionaires that hurts working people. Labor union leaders called it the worst job-killing bill ever written. Polls show Americans like some parts of the plan but hate the spending cuts and debt increases.
The new law keeps Trump's 2017 tax cuts going and wipes out taxes on tips and Social Security payments. Republicans love the deal but Democrats are furious about what it does to regular families. The legislation slashes Medicaid and food stamp programs by a massive 1.2 trillion dollars. Budget experts say nearly 12 million Americans will lose their health insurance because of these changes. The package will pile another 3.3 trillion dollars onto the national debt over ten years.
House Republicans pushed the bill through with just two members voting against it. Senate Republicans barely squeezed out a win with Vice President Vance casting the deciding vote. Democrats slammed the legislation as a gift to billionaires that hurts working people. Labor union leaders called it the worst job-killing bill ever written. Polls show Americans like some parts of the plan but hate the spending cuts and debt increases.
