Trump ignites tax bomb: "Big Beautiful Bill" blows up US budget!
In the midst of the election campaign, Trump pushes through a central promise – the Parliament approves his tax reform.
With 218 to 214 votes, the US House of Representatives passed the tax and spending bill introduced by President Donald Trump. The bill, known as the "One Big Beautiful Bill," is intended to finance Trump's central campaign promises. The narrow majority was achieved despite resistance from within his own ranks. Two Republican representatives voted against the package, while the Democrats unanimously opposed it.
The "One Big Beautiful Bill" is a comprehensive tax and spending law that implements Donald Trump's central campaign promises and fundamentally changes US financial and social policy.
The Key Contents at a Glance:
- Dauerhafte Steuersenkungen: Die Steuersenkungen für Unternehmen und Privatpersonen aus Trumps erster Amtszeit werden dauerhaft festgeschrieben. Zusätzlich gibt es neue Steuererleichterungen, die vor allem Unternehmen und Gutverdiener begünstigen.
- Weitere Steuererleichterungen: Neue steuerfreie Möglichkeiten (zum Beispiel für Trinkgelder) und zusätzliche Abzüge für Senioren sollen die Wirtschaft ankurbeln.
- Drastische Sozialkürzungen: Staatliche Sozialprogramme wie Medicaid, Lebensmittelhilfen und Studienkredite werden deutlich gekürzt. Das betrifft vor allem Menschen mit geringem Einkommen.
- Erhöhung der Staatsausgaben: Es werden zusätzliche Mittel für Verteidigung und Migrationspolitik bereitgestellt.
- Anhebung der Schuldenobergrenze: Um die Maßnahmen zu finanzieren, wird die Schuldenobergrenze der USA deutlich angehoben. Das Staatsdefizit wird in den kommenden Jahren voraussichtlich stark steigen.
- Rücknahme umweltpolitischer Anreize: Viele Förderungen und Anreize für den Klimaschutz werden gestrichen.
- Neue Regeln für ausländische Investoren: Investoren aus bestimmten Ländern müssen künftig mit höheren Steuern rechnen, wenn ihre Herkunftsländer aus US-Sicht als steuerlich unfair gelten.
Hakeem Jeffries Delays Vote with Record Speech
Prior to the vote, Democratic caucus leader Hakeem Jeffries attempted to delay the vote with a speech lasting over eight hours. Nevertheless, the voting process was completed on the night of July 3rd – just in time for the Independence Day deadline set by Trump.
Massive Tax Relief and Social Cuts
The law provides for extensive tax relief, particularly for businesses and high earners. Measures such as tax-free tips, deductions for seniors, and the permanent extension of Trump's 2017 tax reforms are intended to stimulate the economy. At the same time, government social programs such as Medicaid, food assistance, and student loans will be cut by over 1.7 trillion US dollars.
Ten-Year Deficit Increases by Over Three Trillion Dollars
To finance the planned expenditures – including 350 billion dollars for defense and migration policy – the debt ceiling will be raised by five trillion dollars. The independent Congressional Budget Office warns of an increase in the national deficit by about 3.3 trillion dollars over the next ten years. Conservative Republicans therefore criticize the package as fiscally risky.
Impact on International Investors
A new paragraph in the tax law (§ 899 IRC) also affects foreign investors, such as those from Switzerland, Austria, or Germany. They will be subject to higher withholding taxes in the future if their countries of origin are considered fiscally unfair from a US perspective. Critics see this as a protectionist measure with potential impacts on bilateral economic relations.
The law is 940 pages long and is criticized by opponents as being one-sided in favor of the wealthy and businesses, while millions of people could lose social benefits. The reform is expected to have significant impacts on the US economy, national debt, and international economic relations.
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