Washington. The massive Republican tax and expenditure policy law would make more than income tax reduction, eliminate millions of Americans from Medicaid and food stamps, and increase funding for Trump’s deportation campaign.
The Draft Law of nearly 900 Pages, which is expected to vote on July 2, includes less well -known provisions that directly affect American lives, rashes, ranging from increased child tax credit increased to the punishment of new solar equipment.
Some Republicans of the Chamber were not satisfied with the Senate’s amendments made in accordance with the draft law, but to adopt this measure until July 4, as it wanted a short, the house swallowed the Senate version without amendments on July 3.
The White House has announced this by a necessary bill, which means it has become a place for pet projects to descend to ensure nerve senators and representatives.
Here are some of the provisions of the bill that did not have much attention:
Benefits to the rich
According to the analysis of the Senate draft Law on Tax Policy, wealthy Americans benefit from a tax package than the one that is less than the income scale. The draft law retains the current 37% of the highest limited individual income tax rate established in accordance with the Labor Law on Tax Reduction and Labor Law. Accepted Republicans that otherwise end – and will increase – At the end of the year.
Although all households would see that their taxes were reduced, about 60% of benefits would be for those earning $ 217,000 or more (20% income). 2026 Those people would receive an average tax reduction of $ 12,500 or $ 3.4% of their income after tax, analysis.
On the contrary, the least income households, which earn about $ 35,000 or less, would receive an average of only $ 150 tax reduction, less than 1% of their tax revenue. On average, average -income households would see their taxes to decrease by approximately $ 1800 or 2.3% of their tax revenue.
Other provisions of the draft law, which have the direct benefits to the richest Americans, are a property tax on high inheritance and transfer business income.
Child tax credit
The legislation would permanently increase the child’s tax credit to $ 2200 per child compared to the current $ 2,000.
Single parents earned up to $ 200,000 and married couples earned up to $ 400,000. Credit will be lifted to those with higher income.
The US capitol is evaluated through security enclosures because Republican lawmakers are trying to transfer extensive costs and tax account of US President Donald Trump, Capitol Hill in Washington, DC, USA, 2025. July 2
Cheaper weapon mufflers
The Republicans have added a provision to a bill that would eliminate the fee of almost a century, now $ 200, for purchase or mufflers, short -term rifles and rifles and other weapons. They also eliminated the requirement for weapon owners to register mufflers.
Moving the space shooter to Houston
The draft law would transfer the space shooting range from its current home in Smithsonian’s Udvar-Hazy Center in Virginia to the Johnson Space Center in Houston-the purpose of the legislative purpose this year was brought by Texas Republican Sens. Ted Cruz and John Cornyn.
The account provides for $ 85 million. USD to move to the Johnson Space Center space vehicle, which meets three criteria: she ran into space, carried astronauts and was chosen by an organization chosen by the NASA administrator.
Only four space vehicles meet the first two criteria: Enterprise, owned by a New York fearless museum; Endeavour, owned by the California Science Center in Los Angeles; Atlantis, which is exhibited in the center of Kennedy space; and discovery in Smithsoniane. Only Atlantis and Discovery are still owned by the US government.
Smithsonian estimated that it would cost between $ 300 and $ 400 million in taxpayers’ dollars to move the discovery across the country.
Cornyn said last week at the Space Center Houston that the role of Houston deserves a discovery in the space program and that the space shooter should “return home” even though he was not made in Houston and was not released from Houston. Johnson Space Center served as a Mission of the Space Shuttle program.
Martian mission
The account includes $ 9.995 billion for the Artemis Moon Mission and Mars exploration.
Tax credits for whale hunting captains
The Senate has increased deduction, which the captains of whale whale ships may claim for whale hunting costs to $ 50,000 from the current $ 10,000.
The supplement seems to have been a step to vote in the Alaska Republican elder Lisa Murkowski.
The first time added to the Tax Code in 2004, this allows people to deduct the cost of maintaining boats and weapons as a charity. According to the IRS, the Alaska Eskim Whale Whale Commission must be recognized as a whale hunt captain and must be engaged in sanctioned, living hunting.
Trump Bills for Children
The draft law would create new savings accounts called “Trump Bills”, where babies born in 2025 January to 2029 January
US spokesman Chip Roy (R-TX) enters the elevator as Republican lawmakers are trying to transfer the broad expenses of US President Donald Trump and the tax account Capitol Hill Washington, DC, USA, 2025. July 2
Parents could then put up to $ 5,000 a year. The savings savings would be invested in a stock fund that will grow along with the stock market.
The child can achieve some of the money when they receive 18 years of education, training or buying their first home. They can use the full balance at the age of 30.
Amendments to Student Loan
The account determines a new upper limit that students can borrow a Master’s degree in Loan Loan for Federal Student Loan and how much parents can borrow to help students teach.
The boundaries of the refusal to delay or abandon and to abandon the boundaries of newly working -day students.
The draft law also contains many limited repayment options, loan dismissal programs that have been carried out for many years, as well as a biden era program that has applied payment requirements for personal income. It would be replaced by a new fixed interest rate program that would not raise lower income families.
Green Energy programs
The account will dramatically return the biden era tax benefits to increase clean energy projects, which are encouraged by renewable sources such as energy and wind.
Chairman of the palace Mike Johnson talks about the press because Republican lawmakers are trying to hand over the extensive expenses of US President Donald Trump and tax account Capitol Hill, Washington, DC, USA, 2025. July 2
Democrats say it will devastate the growth of the wind and solar industry, lead to the vagal of the American utility bills of exchange, and pose a risk to hundreds of renewable energy projects to strengthen the country’s electric network, as well as their work.
It also ends the tax relief on September 30, not 2032. At the end of the year, people who buy new or used electric vehicles.
The GOP bill also increases the rent of oil and gas in state -owned lands and revives coal rental in several states.
Taxation of foreign workers
Migrants often move to other countries to send money home to their family or community abroad. The US is the largest source of these transfers known as remittances in the world.
The Republican Bill will be implemented by 3.5% of the transfers that the money is paid by the person sending the money. This would include an exception to American citizens.
This story has been updated to add new information.
This article initially appeared in USA Today: Student Loans for Space Shooting: Senate Tax Account abundant surprises