What’s on Donald Trump’s Giant Tax Computing Invoice?

US President Donald Trump is connected to reducing 4.5 national taxes in a massive bill, slatsing health care and government debt.

The bill passed after the vice-president by the Senate vice president by Senat on Tuesday breached the difficulty. Now Trump should be approved by the house of representatives of the previous version, before signing him to the law.

The government was borrowed by the Backer Elon Musk, the Backer Elon Musk, the government, called the government. The White House refuses to break the debt of criticism that insists on higher growth.

In addition, the family’s benefits based on high-income Americans have also been criticized with their regressive influence on households.

Thus, what are the main measures in the great beautiful bill and what will be the macroeconomic impact?

Great tax cuts

The bill would extend tax Trump presented his promises that will end in late 2017 and promises to pay taxes on the recommendations and gift payments in 2017.

In general, the Congress consists of net tax deductions only by partial deposits only by partial deposits for the Budget Budget Administration (CBO).

According to the Yale Budget Laboratory, the package affects the home income funded by a food assistance program that supports partial financing costs and 40mn low-income Americans.

Yale analysis estimates that tax changes will decrease by 2.3 percent or 560 percent of tax benefits, and $ 560 per cent, 560 percent of Americans.

1 percent increase will increase by 2.1 percent or about $ 32,265 per cent.

CBO estimates that the bill will add more than $ 3.3TN to the national debt until the 2034 fiscal year.

The Federal Budget Thinking Tank Committee in charge expects to reach 130 percent in the same period. If the interests of the public debt about $ 1 billion this year, the measures of the Senate’s bill were permanent in 2034.

Economic impact

The US Treasury Secretary Scott Bessent followed the goal of 3% of the GDP budget deficit, but economists say that the bill will be driving 7 percent a year.

This is partly increasing tariff income, but the scale of income flow is to change the defined Trump’s constant chop and trade policy. The bill has a $ 5 billion rise in the government’s debt ceiling.

Mass shortcomings come in a period of nearby and above target inflation. As a result, economic boost from the bill will make life more difficult for the federal reserve, which is under heavy pressure to reduce interest rates from Trump.

The deficit of this scale would make sense after the financial crisis when the demand is depressed in depth, but it is a weak financial policy at this stage of the period, the chief economist in the Capital economy. “All this is a very ugly mixture I’m afraid.”

Some investors warned that the growing shortcomings and the debt performance could damage the appetite for US assets. However, even if the dollar decreases, so far the bond markets have not shown fear in more debt prospects.

Thanks to the secure insurance status of US dollars, shortcomings may be resistant, but the rising social security costs will be loaded in 2030, the Oxford economy has warned by Macro Macro Management Director.

“It seems that the tanker looks like the tanker is directed in the wrong direction,” he said.

Healthcare costs are reduced

The impact of the legislation in the health of some Republicans, some Republicans with unprecedented scale of expenditure cutting, proven to be controversial.

The bill will pay more than 1.1TNS over the next decade, and the CBBO will increase the number of health insurance until 2034 by 2034, by 2034. Deposits Bulk, the government insurance program for low-income Americans, comes from a record incision to Medicaid.

Bill shows that the most beneficiaries are working 80 hours a month, reduce the number of people in accordance with the program. He also cut federal support for the health expenditures of the states.

North Carolina Senator Thom Tillis, a Republican Thom Tillis, who opposed the bill, promised not to interfere in Medicaid, who opposed the president’s campaign. “This bill is unreasonable, the Donald Trump, who will betray the word,” he said.

Cash injections for military and border security

Despite the spending in other places, the two fields will receive a significant cash needle: defense and border security.

Military, according to CBO, earns about $ 150 billion in ten years. This includes $ 23 billion to build a 28-billion stock market to focus on the Golden Dome missile defense system and mobile ships offered by the President.

The Republican Senator Roger Wicker, chairman of the Armed Services Committee, said they said, “Modernization of our military and defense opportunities” represented “Generation for our national security.”

Meanwhile, Trump’ın after the migrant rhetoric and hindering immigration, the country goes to $ 129 billion in security. The competitor includes $ 45 billion for the president’s border wall and a similar amount for the prison.

A squeeze on green energy

The renewable energy industry, former President Joe Biden’s affordable climate bill, a very generous subsidy with a very generous subsidy of generous subsidies presented in the inflation reduction act.

Wind and solar projects will have to be in the service by the end of 2027, to be served by the end of 2027 to trigger the auxiliary warnings.

Many Republican, despite the representation of many districts representing the regions that benefit from updated projects, have long been called to remove clean energy subsidies.

President of the leading Green Industrial Group Jason Grumet, the American Clean Electricity Union, “The penalty tax increase in the fastest growing sectors of our energy industry,” he said. “The most serious land in rural communities, which are the biggest beneficiaries of a clean energy investment,” he said.