HOUSE PASSES TRUMP'S TAX CUT AND SPENDING BILL!

The US House of Representatives has passed Trump's tax-cut and spending bill with a narrow vote of 218-214, with only two Republicans, Rep. Thomas Massie and Rep. Brian Fitzpatrick, voting against it. The bill now heads to President Trump's desk to be signed into law .

Key Provisions:

-Tax Cuts: The bill includes nearly $4 trillion in tax cuts, mostly benefiting higher earners, and extends the 2017 tax cuts that Trump enacted during his first term.

Spending Cuts: The bill cuts $1 trillion from federal health and food programs, including Medicaid and the Supplemental Nutrition Assistance Program.

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Border Security: The bill fully funds border security and includes provisions to boost military spending.

Estate Tax Exemption: The bill includes an estate tax exemption aimed at reducing financial burdens on young farmers and preserving generational family farms .

Reactions:

- Democratic Opposition: Democrats have criticized the bill, saying it disproportionately benefits the wealthy at the expense of social programs for lower-income Americans.

- Billionaire Criticism: Elon Musk has slammed the bill, calling it "utterly insane and destructive" and warning that it would "destroy millions of jobs".

Economic Impact: The Congressional Budget Office estimates that the bill would add $2.4 trillion to the national debt over a decade and increase the number of uninsured individuals by 10.9 million .#OneBigBeautifulBill #TradeWarEases #TrumpVsMusk $BTC $ETH