#OneBigBeautifulBill 🌖U.S. President Donald Trump achieved a significant victory this Tuesday with the narrow approval in the Senate of his colossal budget bill, which includes funding for his immigration policy, tax exemptions, and cuts to medical coverage. After two days of marathon sessions, the outcome was very close.

Despite a Republican majority of 53 out of 100 seats, the vote ended in a tie of 50-50, and it was Vice President JD Vance who had to cast the final vote in favor, as required by the Constitution. This is yet another indication of the strong opposition he faces, even within his own party.

The “beautiful and great” law, as Trump named it, will now return to the House of Representatives, where it faces rejection from Democrats and many Republicans opposed to the drastic cuts.

The 79-year-old Republican set July 4, the national holiday celebrating Independence Day, as a symbolic deadline for enacting it.

Explosion of the deficit

The text plans to extend the massive tax credits adopted during Trump’s first term (2017-2021), eliminates the tip tax, and includes billions of additional dollars for defense and immigration control.

Both experts and politicians expect it to spike the federal deficit. The Congressional Budget Office, responsible for impartial evaluations of the impact of bills on public finances, estimates that it would increase the debt by more than $3 trillion by 2034. To partially offset this, Republicans plan to cut Medicaid, the public health insurance program that millions of low-income Americans depend on. They are also considering reducing the SNAP food assistance program and dismantling the tax incentives for renewable energies adopted during the term of former Democratic President Joe Biden.