Victory For Few, Burden For Many

Donald Trump has pushed through a sweeping tax and spending bill that will reshape America's economic and social landscape.

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Signed just ahead of his self-imposed July 4 deadline, the nearly 900-page legislation offers massive tax cuts, boosts defense and immigration spending, and slashes key welfare programs. Passed by a slim 218-214 House margin and a tiebreaker in the Senate by Vice President JD Vance, the bill underscores deep partisan divides and entrenched ideological battles.

At its core, the bill extends Trump-era tax cuts permanently and introduces deductions on tips, auto loans, and overtime pay. It raises the child tax credit slightly and offers targeted relief to older Americans. However, the distribution heavily favors the wealthy: the top income groups will gain about $12,000 annually, while the poorest could lose $1,600 through Medicaid and food aid cuts.