New tax cuts. Massive spending on border security. Cuts to social safety net programs. Pullbacks on investments to fight climate change. New limits on student loans. If it becomes law, President Donald Trump and congressional Republicans' massive bill will reshape much of the federal government — and the U.S. economy.
GOP majorities in the House and Senate are attempting to move swiftly to reverse many of President Joe Biden's legislative accomplishments and cement Trump's legacy in the tax code, on the southern border and in generations-old anti-poverty benefits.
The House's bill would devote hundreds of billions of dollars to finishing Trump's southern border wall, fortifying maritime border crossings, outfitting the Department of Defense (DoD) and more. It would extend the 2017 tax cuts that were one of the signature legislative achievements of Trump's first term, create new savings accounts for newborns and fulfill some — but not all — of Trump's campaign promises.
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