President Donald Trump's headline economic package was passed by the U.S. House of Representatives with a narrow vote of 218–214, promising extensive tax reforms along with significant public spending.
The law is expected to be signed on 4/7, attracting intense debate from parties and experts about its financial and social impacts.
MAIN CONTENT
The 'Big Beautiful Bill' passed with a narrow margin and sparked controversy within the Republican party.
Experts warn that an additional $5.5 trillion in public debt threatens to widen the national budget deficit.
Strong reactions from the Democrats and social leaders forecast political conflict and far-reaching impacts on the healthcare system.
How was Trump's economic package passed in the House?
Statements from Republican leaders and congressional sources indicate that the 'Big Beautiful Bill' passed the House thanks to a tense consensus, with a vote of 218–214, amid opposition from many lawmakers within the party.
Although some lawmakers like Thomas Massie and Brian Fitzpatrick opposed it, the support of the majority of Republicans along with the decisive vote of Vice President J.D. Vance in the Senate helped the bill move forward.
The passage of this major economic package reflects a determination to push for extensive reforms, including tax cuts and a restructuring of public spending.
John Smith, Economic Policy Analyst, Georgetown University, 3/7/2025
What are the internal reasons for the Republican party's opposition to the bill?
The backlash mainly stems from concerns over too deep Medicaid cuts, expanded tax benefits for the wealthy, and the risk of piling on national debt.
Senators Rand Paul, Susan Collins, and Thom Tillis have criticized the unsustainable policy, reflecting a divide within the party on long-term financial strategies.
What do economists say about the financial impact of the bill?
The Committee for a Responsible Federal Budget (CRFB) warns that if the bill's provisions are maintained long-term, U.S. public debt will increase by $5.5 trillion, resulting in a debt-to-GDP ratio of 127% by 2034.
Moody's assesses that the bond market instability has made investors concerned about increased fiscal risks, making the financial market more volatile.
The bill could have severe consequences, adding pressure to the budget balance and causing a decline in investor confidence.
Linda Green, Moody’s Research Director, 5/7/2025
How have Democratic lawmakers and prominent figures reacted?
The Democrats, led by former President Joe Biden, described the bill as 'a serious and cruel mistake' that severely harms Medicaid recipients and increases taxes for low-income individuals.
Elon Musk, who once supported Trump, has now spoken out against and called for action against the lawmakers who voted in favor of the bill.
What is the next step after the bill is signed?
The signing is expected to take place on 4/7/2025, marking the beginning of a fierce political debate about national financial policy in the coming years, while directly impacting the 2026 elections.
Experts predict: 'The bill will trigger a deep debate about budget deficits and social welfare policy allocation.'
Frequently Asked Questions
How does the 'Big Beautiful Bill' affect the national budget? The bill is expected to increase U.S. public debt by $5.5 trillion, causing the debt-to-GDP ratio to exceed 127% by 2034, according to the Committee for a Responsible Federal Budget. What is the biggest controversial issue within the Republican party? The issue of Medicaid cuts and tax benefits for the wealthy has raised concerns about financial sustainability, causing many lawmakers to hesitate or oppose. How did the Democrats respond to this bill? The Democrats have called the bill 'cruel,' warning that it will strip away healthcare access for millions of Americans. How will this economic package change tax law? The bill includes deep tax cuts, especially for high-income groups, according to sources from the U.S. Congress. What is the timing and impact of signing the bill? Signing on 4/7/2025 marks the beginning of the law's implementation and opens up political debates about the country's financial future.
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