The remarkable legislative plan, which has become the center of President Donald Trump’s second term, accepted into the House of Representatives and will now head to his final signature desk.
On Thursday afternoon, there was a final vote of 218 in favor of 214, opposed to the Budget Reconciliation Bill, which was called the “big, beautiful bill” by the President and Republicans in Congress.
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Representatives Brian Fitzpatrick (R-Penn.) And Thomas Masses (R-Ken.) Were the only House GOP members who opposed the legislation for which the fiscal conservatives in the “Coach of Freedom” said that the deficit to the deficits to the non-ancillary profiles (about 3,, taxes and increasing the costs of the Republic Congress) by reducing taxes and increasing the cost of congress variables) by being reduced by being developed at congress size), referring to the restriction of congressional objectives.
Soon the upcoming law will expand the President’s Tax and Jobs Law for 2017, which was due to expire at the end of the year. Instead, the library tax reductions for individuals and businesses will become permanent. It also increases the cost of areas such as military defense, energy production and border security and will withdraw funding from public health programs such as Medicaid and the SNAP Support Program to supplement the GOP program.
While trade was not the main focus of the controversial bill, the Trump-which trade regime focuses on the use of tariffs and other commercial barriers to deal with what it characterizes as an unacceptable deficit with global trading partners-mentioned in the 940 pages text.
The most important is the overall cultivation of the bill of the de minimis entry for commercial shipments, a provision provided for in Section 231 of the 1930 Tariffs Act, which allows foreign freight forwarders duty-free access to the US market for $ 800 or less.
The president, by executive order, stopped De Minimis Access for China and Hong Kong on May 2, effectively suffocated the thoroughfare for small, cheap e -commerce shipments from MegaFirms like Shein and Temu to the threshold of US consumers. This action, which caused the nose in the Asia trade to the United States in May, is largely regarded as a precursor to more expansive regulatory actions against de minimis.
Now a worldwide duty-free access to US consumers will face such fate, with the exception of De Minimis ending for countries around the world in June 2027. The plots will be the subject of a tighter inspection and various entry processeswith the administration, which is expected to provide details later.