House of Representatives Passes Trump’s Fiscal Plan, Sends It to Senate

House Approves Trump’s Fiscal Plan

Social Program Cuts Spark Concern

Remittance Tax Draws Criticism

The U.S. House of Representatives narrowly approved President Donald Trump’s sweeping fiscal package on Thursday.

With 215 votes in favor and 214 against, the plan—dubbed “the big, beautiful bill” by Trump—passed after intense negotiations among Republicans.

The session, which lasted more than 24 hours, began at noon on Wednesday and concluded Thursday morning following a last-minute agreement between conservatives and the White House.

The bill features major tax cuts and public spending reductions, while aiming to extend the tax breaks Trump introduced during his first term.

House Passes Trump’s Fiscal Plan

House of Representatives Passes Trump’s Fiscal Plan – PHOTO: Truth Social / Donald Trump

Among the new provisions are tax exemptions for tipped income and incentives for purchasing vehicles manufactured in the United States.

The plan also boosts funding for border control and strengthens enforcement of the administration’s restrictive immigration policies.

Another controversial element is the tightening of eligibility for social assistance programs like Medicaid, Medicare, and food aid.

According to the Congressional Budget Office (CBO), the initiative could increase the national debt by $2.4 trillion over the next ten years.

The national debt currently exceeds $36 trillion.

To offset the projected debt growth, the legislation includes more than $1 trillion in cuts to social safety net programs over the next decade.

Medicare could face reductions of up to $500 billion, analysts warn.

Additionally, an estimated 8.7 million people could lose Medicaid coverage, based on CBO projections.

Trump and House Speaker Mike Johnson defended the social program cuts, claiming they aim to eliminate benefits for “illegal immigrants who take advantage” of the system.

The argument has stirred tensions within the Republican Party, with hardline conservatives demanding even deeper cuts, while moderates express concerns about political fallout in their districts.

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On Wednesday, Trump visited Capitol Hill and later hosted undecided lawmakers at the White House, ultimately flipping several votes.

One of the most hotly debated provisions is a 5% tax on remittances sent abroad—a proposal already denounced as “unjust” by Mexican President Claudia Sheinbaum.

Sheinbaum labeled the measure “discriminatory,” warning it would directly harm Mexican migrants living in the United States.

The bill also proposes eliminating funding for clean energy programs championed by Joe Biden and includes tax increases on universities.

Now the massive fiscal plan heads to the Senate, with the goal of passing it before July 4, Independence Day.

Do you think Trump’s fiscal plan will help or harm most Americans?

SOURCE: EFE