Republican Tax-Cut Triumph: A Boost for the Wealthy Amid Controversy
President Trump has secured a legislative victory with the approval of his tax-cut package by a narrow margin in Congress. The bill permanently enshrines his 2017 tax cuts, funds immigration crackdowns, and is expected to add $3.4 trillion to national debt, drawing criticism for favored benefits for the wealthy.
The U.S. Congress has passed President Donald Trump's sweeping tax-cut package, following a narrow approval in the House of Representatives that heralds a significant policy victory for the Republican leader. The legislation promises permanent tax reductions enacted in 2017 and addresses immigration enforcement funds.
The partisan 218-214 vote reflects deep divisions, with every Congressional Democrat opposing the measure for granting tax breaks to the wealthy at the cost of healthcare and social safety net programs. The bill also elevates the national debt by trillions, compounding economic concerns.
Economists predict the bill's monumental $3.4 trillion addition to the national debt could pose financial risks, despite Republican claims of economic stimulation. With a $5 trillion debt ceiling increase, the tax reforms remain set to influence the political climate up to the 2026 midterms.
(With inputs from agencies.)
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