US President Donald Trump signed a bill to reduce taxes and state expenses.
This document, which Trump calls the “excellent law”, contains almost 900 pages and provides for a decrease in taxes and an increase in the financing of the Pentagon and the security of the borders. The Congress budget administration predicts that in the next decade the law will add almost 3.8 trillion dollars. US government debts. This was reported by Reuters.
This law also includes a reduction in social support programs, including Medicaid, medical care of people with low income. This program covers 71 million Americans, and 12 million citizens can be devoid of medical insurance.
According to CNN, American corporations, rich citizens and small enterprises can win this law. However, poor hospitals and social programs can be affected.
Nevertheless, this bill establishes taxes that were supposed to enter into force at the end of this year after Trump’s tax benefits ended in 2017.
We will recall that the tax bill Donald Trump was supported by the Republicans (only two voted), and the democrats opposed and called the law “gift for the rich.”
Source: Reuters, CNN
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.