Representatives Chamber approves the “Big Beautiful Bill” proposed by Trump

The Legislative Chamber approved Trump’s ambitious economic package, marking his first major legislative victory of the second term.

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• The law includes tax cuts, increases in military and border expenditure, and less resources to the social security system.
• It was approved after an intense pressure campaign of the Republican Party to consolidate internal support.
• It represents a legislative milestone in Trump’s second mandate, with deep economic and social implications.
• Crypto sector was outside the proposed reforms.

Finally, after a vote before the House of Representativeslegislators approved the controversial bill presented by President Trump, better known as the “Big Beautiful Bill ”, with which it raises changes at the level of financial policies.

According to a report published by CNN, Project approval represents a significant triumph for the Republican partywhich managed to join their ranks after weeks of intense negotiations. The content of the law includes tax cuts, significant increases in the Pentagon budget and greater resources for border security, leaving out considerations related to the crypto sector.

However, the proposal has also generated strong criticism for Include substantial cuts to the Social Security system, being considered the most drastic in decades.

The consolidation of the Trump agenda

The legislative package arrives at a crucial moment of Trump’s second term, just six months after the presidency has assumed again. The initiative is part of its strategy to consolidate its legacy on issues such as taxes, immigration and control of public spending.

As reported CNN, Republican leaders in the Congress They deployed an intense pressure campaign on party members, especially those moderate or worried about the fiscal deficit. Despite internal divisions, almost all Republican legislators ended up aligning with the president’s agenda.

The president of the Chamber, Mike Johnson, and the leader of the majority in the Senate, John Thune, played key roles in ensuring the necessary votes. They achieved even in front of criticism of the so -called “Fiscal Falcones”who alerted the budget impact of a project of several billion dollars.

A package with deep social implications

Among the most controversial points of the law is Reduction of federal social security system size. This restructuring implies cuts to programs such as Medicaid and other social aid, which has generated concern in vulnerable sectors and civil rights defenders.

The package seeks to justify these cuts As a compensatory measure to finance the new expenses in defense and border infrastructure, in addition to tax cuts. The measure has been interpreted by analysts as a drastic turn in American social policy, with lasting impacts.

Although the Plan defenders argue that it will help balance the budget and promote private investment, detractors qualify it as a weakening of the basic social contract between the State and its most vulnerable citizens.

Trump’s direct influence

Donald Trump’s personal participation was decisive in the last negotiation hours. According to Republican representative Anna Paulina Luna, “There is only one man who can close the deal”referring to the role of the president to achieve the final approval in the Chamber.

The president was directly involved in calls and meetings with undecided legislators, reinforcing the message that this law was central to the future of the country and for his political legacy. This pressure took effect, and the law was approved by narrow margin.

The vertical leadership approach, characteristic of Trump’s political style, seems to continue paying fruits within a Republican party where your figure continues to be dominant.

With this approval, the president writes a key legislative victory that strengthens his internal influence and marks the pattern for the rest of his mandate. However, it also opens the door to intense debates about the future of social spending in the United States.

Crypto projects will continue on the other hand

Since the package of laws left the crypto sector outside, it must follow its way through the legislative chambers through the initiatives that are studying their due process.

For example, we have the projects Clarity Act and Genius Actinitiatives aimed at establishing rules for cryptocurrencies and stablecoins, respectively.

On the other hand, we have the initiatives that promote legislators interested in the crypto sector. The case of Senator Cynthia Lummis stands out, who presented today a new bill on Cryptocurrency Taxes that seeks to address problems such as double imposition, the complexity of tax compliance and the lack of regulatory clarity.

It remains to be seen what will be the approach that will be taken towards the crypto sector now that new legal provisions for the Nation were approved.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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