94Ha ViewpointOn July 3rd, local time, the U.S. House of Representatives held a final vote on President Trump’s massive tax cut and spending bill, also known as the “Big and Beautiful” bill. The final voting results showed that there were 218 votes in favor and 214 votes against, so the bill was passed by the House of Representatives.
The bill has been controversial for cutting federal aid, increasing long-term debt, and cutting taxes for the rich and large companies. Two Republican congressmen voted against the vote that day.
The bill was passed by the Senate on the 1st of this month. The White House said on the 3rd that Trump is scheduled to sign the bill on the 4th, the “Independence Day” of the United States, to make it effective.
The so-called “Big and Beautiful” bill is Trump’s simplified name for a large-scale tax and spending bill he launched. According to the Republicans who proposed the bill, the bill is a continuation and upgrade of Trump’s tax cut policy in his first term, and it is also a reduction and adjustment of the Biden administration’s “Green New Deal”, welfare and spending policies. The bill plans to cut taxes by $4 trillion and cut spending by at least $1.5 trillion over the next 10 years.
