Editor's PiCK
Trump's Tax Cut Bill Passes First Hurdle in US Senate…51 in Favor vs 49 Against
Minseung Kang
Summary
- It was announced that the tax cut plan promoted by President Donald Trump has passed its first hurdle in the Senate.
- It was reported that the procedural vote on the bill passed with 51 votes in favor and 49 against in this vote.
- Although there are divided opinions among political circles, it is evaluated that the likelihood of the bill passing through Congress has increased.
The 'One Big Beautiful Bill', containing tax cuts and strengthened measures against illegal immigration promoted by President Donald Trump, has passed its first hurdle in the Senate.
According to foreign news agencies such as the Associated Press on the 28th (local time), the bill passed the procedural vote in the Senate held at the Capitol in Washington, D.C., with 51 votes in favor and 49 against. Of the total 100 seats, the Republican Party holds 53, and it appears that the votes were split along party lines.
With this passage, there is now a higher evaluation that the bill, which has sharply divided opinions among politicians, is more likely to actually pass through Congress.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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