2025-07-04 04:40:11
USA
Economy

How Trump's Tax Bill Could Endanger Millions While Favoring the Wealthy

The recent passage of President Trump's extensive tax and spending bill marks a significant moment in U.S. policy, reflecting long-held conservative ambitions. This legislation, which extends tax cuts and creates new deductions aimed at working-class voters, concurrently implements severe cuts to essential social safety net programs such as Medicaid and the Supplemental Nutrition Assistance Program (SNAP). Critics argue that these changes could jeopardize the well-being of millions, as stricter work requirements may strip benefits from vulnerable populations.

Economists forecast that the bill could have far-reaching consequences for the economy, potentially leading to a $3.3 trillion increase in the national deficit over the next decade. This situation raises alarms about the sustainability of local businesses and healthcare facilities, particularly in rural areas where access to services may diminish significantly. Despite the divisive nature of the bill, which faced opposition even within the Republican Party, Trump successfully navigated the legislative hurdles through negotiations and promises to lawmakers.

The intent behind the cuts to programs like SNAP is to encourage workforce participation, yet many fear the fallout will leave millions without adequate food support, exacerbating poverty levels across the nation. As Trump heralds this legislation as a transformative force for the American economy, the critical voices caution against an agenda that seems to disproportionately favor the wealthy while undermining support for the most vulnerable. This complex interplay of fiscal policy, social welfare, and political maneuvering encapsulates a pivotal moment in American governance.

The Guardian
3. Juli 2025 um 23:08

Trump’s big bill achieved what conservatives have been trying to do for decades

The Trump administration's massive tax and spending bill is set to become law, extending tax cuts and creating new deductions for working-class voters. However, it also slashes funding for two major social safety net programs, Medicaid and the Supplemental Nutrition Assistance Program (Snap), imposing stricter work requirements that could cost millions of people their benefits. Experts warn of a massive effect on the country's economy, with potential losses to local businesses and hospitals, as..
VnExpress English
4. Juli 2025 um 00:35

Trump wins major victory as Congress passes flagship bill

US President Donald Trump secured a major victory as Congress narrowly passed his signature tax and spending bill, despite deep concerns within his own Republican Party about ballooning the national debt. The bill, which will be signed into law on Friday, honors many of Trump's campaign promises, including boosting military spending and funding mass migrant deportations, but is expected to add $3.4 trillion to the country's deficits over a decade. The legislation will also cut Medicaid health..
New York Times - Business
3. Juli 2025 um 19:33

What Are SNAP Benefits, and How Might They Change?

The Senate passed a domestic policy package that includes cuts to SNAP (Supplemental Nutrition Assistance Program), which provides food assistance to low-income individuals and families. The proposed cuts, championed by President Trump, aim to reduce the program's allegedly mismanaged aspects and encourage work participation. However, opponents argue that the cuts would leave millions of people hungry and burden states with additional costs. Approximately 42 million Americans rely on SNAP bene..
Tagesschau - Internationale Nachrichten aus aller Welt
3. Juli 2025 um 18:51

The US Medicaid Program Will Millions of Americans Lose Their Health Coverage?

This legislative package of US President Trump could jeopardize access to Medicaid for up to 18 million people. States like West Virginia, which was shaped by coal mines, would be particularly affected. People with low incomes and low levels of education would be the ones most affected by this legislative package.
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