The US Senate began to discuss the financial reform of Donald Trump, a “great and excellent law”, at a session that a planned marathon and can finish the entrance at night or on Tuesday morning. This is the penultimate large obstacle to the text, and the president ordered his legislators to approve the law until Friday. But the text continues to hesitate every hour, with constant negotiations, to try to advance it with a tiny profit that there are Republicans. And the markets are under consideration by each of the changes that can influence hundreds of millions of dollars on the economy.
After the House of Representatives is approved in one voice, the text, The Senate approved the acceptance of only two votes, 51-49After the Republican changed his voice the last minute after negotiations on the edge of the razor. And this was only the first step: half a dozen senators, who voted for opening the debate, warned that they want large changes in the debate on the correction, or vote against the last moment.
In the last hours, senators attacked some of the points that influenced the markets. Firstly, they eliminated the so -called “section 899”, which allowed to approve the tax on foreign financial investments. They also changed the regulation of the Senate to be able to Make constant tax drops Although they increase the deficit, what has not yet been allowed. In practice, this opens up the range of laws that can be approved: democrats can use this mechanism in the future, for example, to establish universal public healthcare by a simple majority.
Another key point is that investment in renewable energy was hardened, given the persistence of Trump, that the wind energy is “ugly and stupid”. Instead, fossil fuel and nuclear energy increase, which brought drown in renewable energy sources in the stock market. Elon Musk, who was silent for several days since he “brought the world” with Trump, for this reason overestimated the text.
Namely, the most controversial problem is the health problem, because Republicans decided to massively reduce public health insurance for the poorest citizens Partially compensate for $ 4 billion for tax drops. Thus, the amendment presented at the last minute will eliminate federal subsidies for this insurance, leaving its funding in the hands of the States, which probably implies much more old reductions.
This decision brought Republican Senator North Carolina Tom Tillis to announce their departure from politics Next year, in order to be able to vote against them without political repressions that Trump can reveal it. Two other centrist senators, which should also extend their place in 2026, offered to load the highest part of the IRPF from 36% to 39% to avoid health reduction.
All these proposals will vote in the “Marathon of the amendments”, which begins today, and this will probably last more than 10 hours. During all this time, the Republicans will continue to negotiate among their ranks, in order to be able to approve something on Wednesday, as later. If he goes forward, the text will return to the House of Representatives. To comply with Trump’s terms, the deputies should have approved the text that the Senate left with tiny changes and agreed with the upper house.
But there the problem is similar: in the last vote, they barely had a single margin voting, and there are a number of deputies who want changes or against some modifications of the Senate.
In practice, the tax drops, which Trump, approved in 2017, will remain valid until December, and the expansion of public debt will not have important need until August, when the treasures are evaluated that the funds will be exhausted to pay for the country’s expenses, and the country will be included in the “default”. There is still time to agree and find the area of the circle, but Trump wants an excellent ceremonial event on Independence Day, July 4, which ends with the signing of this law. And he prefers to challenge his congressmen to vote than the text, if they laugh.
