“This is the largest bill in history,” Trump said in the South White House Park before signing. He emphasized that the document says “the largest reduction in taxes in American history”, given that the reception of legislators is a “greatest victory”.
The project, which was prepared on the initiative of the Washington administration, is called Trump the name “Beautiful Great Unified Law” – includes serious discounts in state taxes and expenses in several areas, while expenses in the defensive area, especially the Golden Dome missile defense system. It also includes procedures aimed at tightening the border control with increasing expenses in this sector.
Elon Musk, the founder of SpaceX, who previously held the Office to increase the efficiency of the US government, was criticized by bastion, especially because it contains an increase in the ceiling of public debt by $ 5 trillion, when American debt exceeds $ 36 trillion. Musk announced its readiness to support the opponents of the republican professional in the elections to the intermediate congress next year.
In early June, the Congress budgetary department expected that the implementation of the law of the Law would increase the US financial deficit by $ 2.4 trillion over the next decade, while income would decrease by $ 3.6 trillion over ten years, while expected expenses will decrease by 1.2 trillion dollars for the same period.
It should be noted that the US Senate approved the project on July 1, while the House of Representatives approved it on July 3.
Source: RT
