Did Trump Secure a Poll Victory with a Tax Bill?

Synopsis
Key Takeaways
- The bill enhances funding for Trump's anti-immigration policies.
- It is projected to add $3.4 trillion to the national deficit over a decade.
- Approximately 17 million Americans may lose their Medicaid coverage.
- The bill fulfills multiple campaign promises, including increased military spending.
- Public opposition could influence the 2026 midterm elections.
Washington, July 4 (NationPress) On the eve of the US Independence Day, President Donald Trump achieved a significant political milestone as Congress narrowly passed his key tax and spending legislation, propelling his second-term agenda with increased funding for his anti-immigration initiatives.
The bill narrowly passed with a final vote of 218-214, positioning it for Trump's signature on July 4.
"This is one of the most important pieces of legislation ever. The USA is the 'HOTTEST' country globally, without a doubt!" Trump proclaimed on his social media platform, 'Truth Social', reveling in his victory.
The bill is set to be signed by the President during a grand ceremony on Friday at 5 p.m. on Independence Day, as stated by Press Secretary Karoline Leavitt during a press briefing.
This legislation highlights Trump's strong influence over the Republican Party, which has grappled with concerns over a bill that is expected to significantly increase the national debt while cutting health and welfare support.
A small faction of dissenters within the party eventually aligned after Speaker Mike Johnson worked tirelessly to unify the House of Representatives behind the "One Big Beautiful Bill".
The timing of the vote was delayed as Democratic Minority Leader Hakeem Jeffries spoke against the bill for nearly nine hours.
This legislative success adds to a series of wins for Trump, following a recent Supreme Court ruling that limited lone judges from obstructing his policies, along with US air strikes that resulted in a ceasefire between Israel and Iran.
His extensive mega-bill passed the Senate on Tuesday and required a final confirmation from the House for the revisions made by the Senators.
The package fulfills many of Trump's campaign pledges: increasing military funding, financing a mass migrant deportation initiative, and allocating $4.5 trillion to extend his first-term tax cuts.
"Today, we are laying down a crucial cornerstone for America's new Golden Age," Johnson stated.
However, it is anticipated that the bill will add an additional $3.4 trillion to the nation's escalating deficits, while also reducing the federal food assistance program and implementing the largest cuts to the Medicaid program since its inception in the 1960s.
Estimates indicate that approximately 17 million recipients may lose their insurance coverage due to this legislation, with numerous rural hospitals expected to shut down.
While moderate Republicans in the House fear that these cuts could jeopardize their re-election chances, fiscal conservatives express dissatisfaction with the savings that they deem inadequate.
Johnson had to navigate tight margins, allowing only a few lawmakers to dissent in the final vote, as more than two dozen previously indicated their willingness to reject Trump's extensive 869-page proposal.
Trump has spent weeks making phone calls and hosting meetings at the White House to persuade lawmakers caught between the dilemma of upsetting welfare recipients in their districts and incurring the President's displeasure.
Democrats anticipate that public opposition to the bill will aid them in reclaiming control of the House in the 2026 midterm elections, citing evidence that it represents a significant transfer of wealth from less affluent Americans to the wealthy.
Jeffries held the floor for his party ahead of the final vote, sharing stories of ordinary Americans who, he argued, would be adversely affected by Trump's legislation.
"This bill, this one big, ugly bill — this reckless Republican budget, this grotesque abomination — does not aim to enhance the quality of life for Americans," he asserted.
Increased military and border security expenditures will be partially funded by terminating clean energy and electric vehicle subsidies, sparking a contentious public dispute between Trump and former ally Elon Musk.