American businessman Alan Musk (left) and President Donald Trump (sitting right)
Washington: There has been an uproar after the bill introduced by President Donald Trump over tax exemption, reduction in expenditure and increase in exile funds in the upper house of the US Parliament. However, this bill has barely crossed its important procedural phase. But there has been a huge struggle about this. Alan Musk, who was a very close aide of Donald Trump, is the most upset with this bill. They have called it a “disastrous decision -filled decision”. This has also surprised the US administration.
When to pass the bill
It is being told that the deadline to pass this bill introduced by Trump has been fixed July 4. A Senate meeting was also held late Saturday night. During this time, the first procedural phase was voted. 51 votes were cast in favor of this bill while 49 votes were cast in protest. Vice President JD Vines was present in the House for ‘tie break’ in case of equal votes. When the opposition MPs gathered for talks, a stressful situation arose in the House and voting remained for hours due to deadlock. But finally it crossed its first lying. However, the challenges have not reduced.
What did Alan Musk say?
American industrialist Alan Musk has reacted strongly and sharply to this bill. He once again expressed his deepest displeasure towards the widespread tax and expenditure deduction bill of US President Donald Trump. Musk said that the bill which is struggling to pass the Republican Party MPs is extremely disastrous …. It will end the jobs and the emerging industries will come to a standstill. Musk wrote on ‘X’ on Saturday, “The latest draft bill of Senate will end millions of jobs in America and will cause huge strategic losses to our country.”
“Political suicides for Republican Party”
Enew Musk has described Trump’s bill as a “political suicide for the Republican Party”. He said this at a time when the Senate has to vote for an open debate on the bill of about 1,000 pages. He said, “This will benefit the old industries, but it causes serious harm to the emerging industries.” The CEO of Tesla and SpaceX later wrote in a post that the bill would be “political suicide for the Republican party”. Musk has renewed Trump. Recently, Musk had made serious allegations against the Trump administration, leaving the Department of Government Efficiency Department.
What is Trump’s ‘Tax and Expenditure Cut Bill’?
Trump’s 2025’s ‘Tax and Expenditure Cut Bill’, oficialMente “One Big Beautiful Bill Act” (OBBBA), a broad, thousands of dorsal capital bills, mainly designed for large -scale deductions in tax cuts, military expenses, border security, and social security. It has expanded the tax deduction of 2017. Under this, individual and corporate tax rates have been reported to be extended to permanent or 2028. There is a provision to make tips as new tax benefits, tax exemption on overtime, deduction on car loan interest, 4000 US dollars for additional standard deduction (2025–2028) for more than 65 years of age. Apart from this, children born in 2024–28 have been asked to contribute US $ 1,000 with “Trump Accounts”. Similarly, there are many changes regarding defense, security and health. (AP)
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