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Trump's 'Big and Beautiful' Tax Bill Clears House, Boosting Traditional Energy
2 day ago /
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Author：小编
The sweeping tax and spending legislation championed by U.S. President Trump, dubbed the 'Big and Beautiful bill', secured passage in the House of Representatives on Thursday by a narrow margin of 218 votes to 214, following its earlier approval in the Senate. This bill extends corporate and individual tax cuts during Trump's presidency and augments the federal budget for defense and efforts to combat illegal immigration. To counteract the revenue loss resulting from these tax reductions, the bill raises the eligibility thresholds for low-income groups to receive medical and food assistance. The legislation has now been forwarded to the president for his signature and is poised to become law shortly.
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