#OneBigBeautifulBill 🚨*US Senate Passes Trump's "One Big Beautiful Bill"* 🇺🇸
The US Senate voted on Trump's bill and it passed by 51-50 or yes, it was that narrow of a passage. Vice President J.D. Vance cast the tie-breaker. This bill, in addition to the massive tax cuts from Trump's administration, changes spending.
*Takeaways:*
- *Tax Cuts:* Makes permanent the tax cuts on individuals from Trump's 2017 tax cuts and provides a new tax break for overtime and tip workers,......... yes there are still tip workers!
- *Spending Changes:*
- - *Defense and Border Security* (military): $150B
- *Immigration enforcement*: Funding could be around $70-175B
- - *Medicaid and Food Support*: $1 Trillion cut from Medicaid, which could affect as many as 11.8 million low-income Americans.
*Expect:*
- *Increasing Deficit*: Adds an estimated $2.4-2.8 trillion to the U.S. deficit
- *Loss of Health Insurance*: 11 million people may lose their health insurance because of cuts to Medicaid
- *Cut to Rural Hospitals*: If funding is cut there could be rural hospitals shut down.
The bill will now go to the House and if passed it will be sent to the President. Where do you stand on this. #TrumpVsMusk #OneBigBeautifulBill #BTCPrediction $BTC $ETH