US President Donald Trump's One Big beautiful Bill was passed late thursday night. It has been passed by the house of Representatives by a margin of 218-214. It is being considered a big victory for Trump. It is also being considered an important achievement of his tenure. After passing the bill from the Senate and the house of Representatives, it has been sent to the President. He will sign it soon.
After the One Big beautiful Bill was passed, white house Press Secretary Caroline Levitt reacted to it. He said that President trump is planning to sign his big tax exemption and expenditure reduction bill at 5 pm on Friday. There will also be a signing ceremony on July 4 regarding this. Donald trump has worked hard to get this bill of more than 800 pages passed.
What is Big beautiful Bill?
If understood in simple language, this new bill has been brought to make the tax cut done in 2017 permanent. This bill is very important because it includes a tax cut of about 4.5 trillion dollars. Senior citizens are also likely to get a tax deduction of up to 6000 dollars. Child tax credit can also be increased to 2200 dollars. Along with this, another important thing has come to light. Three hundred and fifty billion dollars can be spent for border security.
What is included in One Big beautiful Bill?
The big feature of this bill is believed to be the cut in medical and food assistance. Debt ceiling can also be increased to 5 trillion dollars. If President trump is to be believed, then tax cut, military expenditure and border security can get further strengthened due to one bill.
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