US Senate Republicans unveil their version of Trump’s sweeping tax-cut, spending bill

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The US Senate Republicans unveiled their own version of President Donald Trump’s tax kit and spending bill, which set a preliminary vote phase on Saturday, which could begin the weekend of the marathon and could lead to full approval of the Congress next week.

The 940 -page megale, which is released at the end of Friday, will extend the tax deductions of 2017, which was a significant achievement of Trump’s first term legislation, reducing other taxes and increasing costs on military and border security. Non -Partisian analysts estimates that the version approved by the House of Representatives last month will increase the country’s.236.2 trillion government loans by about $ 3 trillion.

Trump has called on Congress to pass the bill on July 4 until the Independence Day holiday. The White House said earlier this month that the legislation titled the One Big Beautive Bill Act would reduce the annual deficit by $ 1.4 trillion.

The release of this legislature can provide legislators to vote for a debate after the Senate meeting in 2PM EDT (1800 GMT), though some parts of the bill have been seen open for further review.

A successful vote will end a long process that can continue until Sunday, as Democrats have issued a series of amendments that are unlikely to pass in a chamber on which Republicans control 53-47 seats.

“Now by passing this bill, we will make our nation more prosperous and secure,” the Senate budget committee Lindsay Graham said in a statement with the text of the bill.

Partial plans for the Senate Republicans have been deeply distributed that the bill’s deficit has been removed, including the Medicated Health Insurance Program for low -income Americans.

Republicans from large rural populations have opposed a reduction in state tax revenue for medical providers, including rural hospitals. The newly issued legislation delayed and decreases, and it includes $ 25 billion to help rural medical providers from 2028 to 2032.

With this legislation, the CAP will be $ 40,000 on federal and local tax deductions annually with 1 % inflation adjustment during 2029, after which it will return to the current $ 10,000. In this bill, the cap will also be reduced for more than 500,000 earners.

It is a major concern for House Republicans from coastal states, including New York, New Jersey and California, which play an important role in maintaining the party’s tight house.

The Republicans are using legislation to ignore the Senate’s doorstep of 60 votes in the 100 -member chamber to advance the legislation.

Tight path

Their narrow margins in the Senate and the House mean that they cannot vote more than three Republicans in any chamber to move the bill forward that they are united in opposition to the Democrats, saying that the low and medium -income Americans have a heavy loss to benefit the wealthy.

In each chamber, a Republican has been against the legislation from the beginning.

Although a handful of Republicans in both houses have opposed some elements of the bill, this Congress has not yet rejected Trump’s priorities.

Democrats will focus their strength on amendments that aims to convert Republican spending cuts into programs that provide government -backed health care to the elderly, poor and disabled, as well as provide food assistance to low -income families.

Senate Democratic Leader Chuck Shamar summarized the reasons for opposition to his party’s bill at a press conference on Friday, saying: “It has the biggest shortage of food funds so far” and as a result, more than 2 million people may lose their job. He also highlighted the Republican rollback of clean energy measures initiated by the Biden administration.

The Republican Senate -majority leader John Thouan called for tax cut components during a Friday speech to the Senate.

“The focus of our bill is to get rid of a permanent tax for the American people,” he said. The move said, “will help to fire our economy again on all cylinders.”

In the coming months, the Department of Treasury’s legal loan will increase to $ trillion to prevent the first default on its debt.

If the Senate manages to pass the goal of Trump’s high legislation by early next week, the House will be prepared to apply the last stamp of approval soon, and it will be sent to Trump to sign the law.

But the Senate Republicans are struggling to find a deduction deduction in enough costs to get the support of the party very right, Trump dropped the strap a bit on Friday, saying that his July 4 deadline was “important” to wrap it up but “this is not the end.”