Recently, PANews reported on June 29 that, according to information from Cailian News, on June 28 local time, the U.S. Senate passed a resolution procedurally with a vote of 51 in favor and 49 against. This resolution aims to move closer to the large tax and spending bill that the President of the United States called 'big and beautiful.' After the Senate passed the resolution, the likelihood of the bill being passed in the coming days has increased. It is expected that after the resolution is passed, the bill will undergo a process of reading, discussion, amendment voting, and finally a decisive vote, with the goal of sending it to the President of the United States for signing before July 4.

On the morning of May 22 local time, the Republican-controlled House of Representatives passed a large tax and spending bill by a single vote, with 215 votes in favor and 214 against, and sent it to the Senate for consideration. The bill includes many provisions and over 1,000 pages, primarily focusing on tax cuts and spending reductions. This bill will extend tax cuts for businesses and individuals approved under President Trump in 2017, provide new tax incentives for tips, car loans, increase defense spending, and provide additional funding to combat illegal immigration.

Tax and spending bill in the U.S. Senate

The tax and spending bill recently passed in the U.S. Senate is attracting significant attention from experts and the public. The passing of the procedural resolution indicates a high likelihood of reaching consensus in a short time. This not only reflects support from the Republican Party but also creates pressure on other parties during the next voting.

With significant impacts on the economy, this bill is one of the important tasks of Congress this year. The main provisions revolve around tax cuts that will help stimulate economic growth and provide incentives for businesses to invest and expand operations.

Estimated time for bill passage

After the resolution is passed, the estimated time to finalize the passage of the bill may take several days. Discussions and amendment votes will take place publicly, allowing the public to follow this process. Such events always attract strong interest from investors and economists.

Most analysts predict that the bill will receive high consensus and be quickly sent to the President for signing. This brings a positive outlook for the national economy as the deadline for signing the bill before July 4 approaches.

Main content of the tax and spending bill

The bill currently under consideration includes many important contents affecting the economy. One of them is the extension of tax cuts for businesses and individuals that were applied since 2017. This not only supports the public but also promotes the development of businesses.

New tax incentives are also expected to be applied to sectors such as the service industry, aiming to enhance or stimulate consumption from the working class, creating a positive economic cycle.

Increase defense spending

Another important part of the bill is the increase in defense spending. This has been deemed necessary in the context of the increasingly complex regional security situation. Increasing the defense budget not only enhances the ability to protect the country but also creates many jobs in this sector.

These budget allocations will be distributed to programs that improve combat capabilities and modernize weapons, thereby reinforcing the position of the United States in global security.

The significance of the bill for immigration policy

The bill also particularly emphasizes immigration issues. One of the main goals is to create funds to combat illegal immigration. This policy aims to ensure safety and stability for society, while also receiving attention from many voters.

Allocating resources for border control and law enforcement is one of the current administration's important commitments. It clearly shows the determination to create a more transparent and effective legal environment for immigration-related issues.

Predictions for the future

With the contents being discussed, the tax and spending bill could bring about significant changes in the U.S. economy. Economists and financial experts predict that if the bill is passed, it will stimulate economic growth and alleviate burdens on the public in the near future.

The positive impacts of the bill will not be limited to the United States but may also affect the global economy. This increases interest and monitoring from international organizations and foreign investors.

Conclusion

The Senate's passage of the resolution to commence discussions on the large tax and spending bill is an important step. This bill not only benefits businesses and individuals but also contributes to strengthening the country's political and economic system.

The public will closely monitor this process, hoping that positive policies will be passed, creating a favorable business environment and improving the quality of life for everyone.

Source: https://tintucbitcoin.com/thuong-vien-my-thong-qua-du-luat-lon/

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