In a significant political win that coincided with Independence Day festivities, President Trump signed a comprehensive domestic policy bill into law on Friday.
Mr. Trump downplayed the legislation’s poll unpopularity and the possible impact of budget cuts while praising the bill’s enormous tax benefits, accompanied by a flyover of B2 bombers, the same aircraft employed in the recent strike of Iran.
Standing on the White House balcony beside first lady Melania Trump, Mr. Trump declared, “It’s the biggest spending cut, and yet you won’t even notice it.”
He went on to say, “The people are happy.”
Mr. Trump cited a number of provisions in the massive plan that he feels are well-liked, highlighting the increase of the Child Tax Credit and the lowering of estate taxes as two examples. He only mentioned significant spending cutbacks to food assistance and Medicaid in generic terms.
The Republican Party faces serious risks as a result of the legislation. According to estimates, the law will result in a trillion-dollar increase in the national debt, and by 2034, the Medicaid cuts may leave 11.8 million more people without health insurance, despite Mr. Trump’s earlier this year pledge that he would not alter the program.
The package was sharply criticized by opposition Democrats as an attempt to cut essential government programs in order to fund tax breaks for the wealthiest Americans. They have stated unequivocally that they will criticize Mr. Trump and Republican lawmakers for enacting those and other, highly unpopular policies.
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