In the latest burst of US political drama, a bill dubbed by former US President Donald Trump as the "one big, beautiful bill" (OBBB) has been passed by the Senate thanks to a tie-breaking vote from Vice President JD Vance.
This multi-faceted legislation bundles popular Republican priorities—significant tax cuts, strict spending cuts, increased funding for national defense, and tougher immigration enforcement. While some cheer the streamlined approach, critics argue that the wealthiest are set to benefit while nearly 12 million Americans may lose their insurance benefits over the next decade. 🤔
Warning signals are also coming from groups like The Tax Foundation, which highlights a maze of "political gimmicks and carveouts" that complicate the tax code even further.
With no Democratic senators on board and heated debates continuing in the House of Representatives, questions remain whether this bold move is a transformative reform or a politically charged stunt. Stay tuned as the discussion unfolds!
Reference(s):
cgtn.com
