4 July | Dollar

US House of Representatives passed Trump’s spending bill

US House of Representatives passed Trump’s spending bill

President Donald Trump secured sweeping changes to US domestic policy after the House of Representatives approved a $3.4 trillion budget package. The new legislation includes tax cuts, reduced funding for social programs, and the reversal of Joe Biden's initiatives aimed at transitioning to green energy, according to Bloomberg.

To push the bill forward, the president used various tools at his disposal. This helped him overcome resistance from conservative hardliners, who were concerned about the growing national debt. Additionally, Trump managed to secure support from Republicans who had previously opposed cuts to Medicaid—a program providing free healthcare to low-income individuals and people with disabilities. Even criticism from Elon Musk couldn’t sway the outcome of the vote, the news agency reports.

House Speaker Jason Smith described the bill as "populist," claiming it would streamline the budget and reward working Americans. Democrats, however, argue the move would strip millions of Americans of health care just to fund tax cuts for the wealthy.

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