💨 Abstract

The House approved President Donald Trump's tax and spending cut bill, sending it to his desk. The nearly 900-page legislation includes tax breaks, spending cuts, and GOP priorities like increased defense funding and deportation measures. Key points include extending current tax rates, adding new deductions, and boosting defense spending. The bill is projected to increase federal deficits by $3.3 trillion over the next decade, though Republicans argue it reduces deficits through alternate accounting.

Courtesy: WTOP Staff