The most important objects of the Republican’s “great beautiful calculation of Republicans”

The Republicans of the house have almost adopted comprehensive taxes and expenditure law and President Donald Trump achieved a big victory.

It includes extended tax cuts, additional requirements for the authorization of the federal government and an increase in public debt – all important embroidery points that were agreed on Thursday morning from 215-214 in the house.

The more than 1,000-page draft law now goes to the Senate, which has the opportunity to approve or change the provisions of the invoice before reaching Trump’s desk.

Here is a look at some of the key items in the invoice.

Trump swores on the campaign path to eliminate taxes on social security income – monthly payments to people with disabilities and older adults.

The house bill did not stop this promise, but temporarily increased the standard deduction of up to $ 4,000 (2,983 GBP) for people aged 65 and over. This deduction would be available from 2025 to 2028.

The deduction extensions decrease for married taxpayers, which were submitted together, and $ 75,000 for individual filers.

In order to finance the financing of tax cuts elsewhere, the Republicans have added additional restrictions and requirements for Medicaid.

Changes to Medicaid – one of the largest components of federal expenditure – was an important source of political disputes that caused significant disagreements among legislators.

One of the changes is new work requirements for childless adults without disabilities. In order to qualify, at least 80 hours a month would have to work from December 2026.

A further change in the program was that a description of once a year was postponed every six months. The participants also have to submit additional income and residency reviews.

The legislation increases the deduction limit for state and local taxes (salt), an extremely important problem for some Republican holdingouts in some Democrats controlled urban areas.

There is currently an upper limit for 10,000 US dollars for how much taxpayers can deduct from the amount they owe to federal taxes. This runs out this year.

In the new invoice, the Republicans of the Republicans collected the salt limit for married couples with an income of up to 500,000 US dollars at $ 40,000.

This was also an important point of dispute.

A 2017 law, which was adopted after the last Trump administration, kept the upper limit at 10,000 US dollars and should make room in the federal budget to enable tax breaks elsewhere.

Reforms have also been added to the Supplemental Nutrition Assistance Program (SNAP), the government program used by over 40 million Americans with low income.

In the new legislative template, the states have to contribute more to the program, which is also partially financed by the federal government.

It also adds work requirements for gentle SNAP participants who have no relatives.

The invoice benefits from Trump’s characteristic campaign promise – the taxes end to tips and overtime. Both were successfully included in the invoice.

The plan would also enable the Americans to deduct interest in car loans only for US-made cars.

The tax credit for children is also increased from USD 2,000 to $ 2,500, exclusively for Americans with social security numbers.

In addition, the invoice suggests increasing the debt limit to 4TN (£ 2.9). The debt limit is the limit for the amount of money that the government can accept to pay for its invoices.

The elevation of the debt grenate enables the government to pay for programs that have already been approved by the congress.

The Senate must approve the bill and could make changes that have already signaled some that they are going to do.

In this case, it will return to the house for further coordination with high commitment.

Trump calls on the Senate to go on board.

“It is time for our friends in the United States Senate to get to work and to send this calculation to my desk as soon as possible!” The President wrote on social media on Thursday.

Democrats, which have neither a majority in the house nor in the Senate, have criticized the law, especially in the event of changes to Medicaid and Snap.

Hakeem Jeffries, Chairman of the House Minority, called it a “ruthless, regressive and reprehensible GOP tax fraud” and promised to use the legislative template in the interim elections of the next year against the Republicans.