In the last days of April 2025, the U.S. Congress is rushing to finalize a new tax bill proposed by President Donald Trump, aiming to extend and expand the provisions of the Tax Cuts and Jobs Act (TCJA) of 2017. The main goal is to make individual tax cuts permanent and to add new incentives for businesses, especially in the manufacturing sector and auto loans.

However, this plan faces many challenges. The estimated total cost is up to $4.5-5.8 trillion over the next 10 years, forcing the Republican Party to propose cuts in spending of about $2 trillion, mainly from Medicaid and green energy credits. This has caused internal divisions, as moderate senators are concerned about the impact on low-income individuals and the environment.