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Trump is overjoyed to have achieved another major victory.
1. Trump is ecstatic, having achieved another significant victory.
"The Great Beauty Act" was passed by Congress on July 3, and he immediately tweeted in celebration: "This is a beautiful night. This is one of the most important bills in American history. From now on, America will become the most 'hot' (sexy) country on Earth."
The United States is very sexy, but he is very nervous. The images released by the White House show that he has been staring at the television in the White House, watching the live voting at Congress.
House Speaker Johnson disclosed that Trump was still busy until 1 a.m., which is significant, the situation is delicate, and there are still dissenting voices within the Republican Party; Trump can't sleep.
When trapped in a deadlock, Trump broke down and posted three articles on his "Truth Social" platform.
Before the vote, he urged Republicans to "defeat" the Democrats "tonight" and "make America great again (MAGA)"; when the voting was at a standstill, he urged Republicans to vote quickly and not to upset the MAGA group; in the early morning, he lashed out, calling the Republicans "ridiculously extreme."
Trump pulled out all the stops, and the congressmen are no pushovers either.
Anyway, the Democrats all voted against it, without exception; there are also those in the Republican Party who are playing opposite roles, which is very unpolitical.
For example, Republican Congressman Fitzpatrick from Pennsylvania cast a "surprising" no vote, and then this guy's phone was off, and there was no one at home, making it impossible to reach him.
Why hide?
Avoiding pressure from Trump and lobbying from other Republicans.
American politics is quite extreme, isn't it?
But the current Republican Party is basically Trump's party. They must support whatever Trump wants to do.
So, in the end, the result was that the Senate passed it 51 to 50. Without the additional vote from Vice President Vance, who rushed in, the Senate would not have been able to pass it; the House passed it with 218 votes in favor and 214 against, which can also be considered a narrow passage.
Next is July 4th, Independence Day in the United States, when Trump signed it into a real law, which is not only a tribute to the National Day of the United States but also a significant victory for Trump.
So, after many days of anxiety, Trump is now also very pleased, praising that because of this bill, America has become the sexiest place on Earth.
2. Why is it so difficult?
Because this "Great Beautiful Act" is a comprehensive collection of Trump's domestic policies, but it has too many hidden agendas and even filth.
I won't go into detail, but I'll quote from a Xinhua article with slight modifications.
Winner.
1. American companies.
According to the bill, the corporate tax rate in the United States will be permanently reduced from 35% before the tax cut in 2017 to 21%. The bill will also extend or increase other tax benefits for corporate investments, such as new tax incentives for machinery, equipment, and research and development.
Trump is indeed working on the economy.
2. The traditional energy industry in the United States.
The Biden administration's green energy policies have almost been swept away. This includes the cancellation of tax breaks for electric vehicles.
Anyway, Trump does not believe in climate change and has opinions on green energy.
Oh, according to Trump's explanation, the cancellation of subsidies for electric vehicles is the fundamental reason for Musk's furious reaction.
3, American rich.
Tax cuts for the rich have always been Trump's approach.
Some calculations show that the biggest beneficiaries will be households with an annual income of $200,000 to $500,000 and households that own property.
4. The group in the U.S. relies on tips and overtime pay.
This means that it benefits some of the lower-income population in the U.S. However, according to an analysis by the Yale University Budget Lab, only 2.5% of American workers receive tips; additionally, only about 12% of hourly workers will work overtime each year.
The national conditions of the United States are different from ours.
What about the loser?
1. The poor in America.
It's very simple, the United States has significantly reduced medical assistance, and the poor are the most unfortunate. According to calculations, the "Great American Beauty Act" will result in 12 million poor Americans losing their health insurance over the next 10 years. The act also cuts the food stamp program, which will be an added burden for the impoverished population that relies on food stamps for survival.
For the poor, this is a nightmare. But their voices are too weak.
2. The U.S. healthcare insurance industry.
Federal budget cuts, these industries are unlucky. It is predicted that the industry will lose nearly 500,000 jobs in the next 10 years.
Being a doctor in the United States is not easy either.
3. U.S. Treasury Bonds.
On one hand, taxes need to be reduced, and on the other hand, there cannot be an increase in revenue, resulting in a naturally high level of debt. It is estimated that in the next 10 years, the United States will add 3 to 5 trillion dollars in national debt.
The benefits enjoyed by modern people will inevitably be repaid by future generations.
So, if we add one more loser. That is:
4. The Future of America.
We see that the catalyst for the split between Musk and Trump is the "Great Beautiful Act." Trump claims it is because Musk suffered losses, while Musk believes the act will lead to the complete bankruptcy of the United States.
As mentioned earlier, the hiding Republican Congressman Fitzpatrick opposed it on the grounds that more than 10,000 voters in his district would lose their health insurance, stating that he "defends freedom and will never compromise."
I saw that California Governor Newsom, who is at odds with Trump, criticized him harshly on social media:
Three, how to view it in the end?
Let's stick to three superficial points.
First, this is a significant victory for Trump.
The bill I wanted to pass has passed just like that. It passed whenever I wanted it to.
Trump tested the loyalty of the Republicans.
The Democratic Party has lost control of Congress, and now it is leaderless and is not at all a match for Trump and the Republican Party.
Of course, Trump is quite hardworking.
An elderly man who is almost 80 years old still stays up late and uses all his strength. He keeps calling Republican lawmakers, cursing anyone who doesn't vote for him, forcing the Republicans who say no to him to be few and far between, and they even have to turn off their phones.
Second, this is also the beginning of America's tearing apart.
The Democratic Party voted against it.
There are also opposing voices within the Republican Party, and even Musk, who was once Trump’s most trusted ally, has turned against him. Trump even threatened to expel Musk back to South Africa.
MAGA is dividing, and American society is tearing apart.
An interesting scene was that after the House finally passed the bill, some Republicans were overjoyed, repeatedly shouting the slogan "USA". Many Republicans even praised Trump from various angles.
It doesn't feel like the U.S. Congress, it feels more like the streets of Washington.
The wind of reverence is unprecedented in the United States.
Third, let's see how history is written.
In the short term, it is definitely Trump's victory. He has finally accomplished what he has always wanted to do.
But what about the long term?
We say that people's livelihood is the most important, so many poor people in the United States have lost their medical insurance, what will they do?
We also talk about living within our means. With the increasing U.S. debt, will it ultimately go bankrupt?
In Trump's eyes, the "great beauty" is criticized by opponents as "big and ugly." House Democratic leader Jeffries harshly criticized it as the "largest" billionaire tax cut bill, healthcare cuts bill, and nutrition assistance cuts bill in American history.
Your honey is my poison.
Looking at it now, this is an unprecedented victory for the U.S. government, which may temporarily boost the economy; looking to the future, the ever-increasing debt may not be the beginning of the U.S. falling into the abyss.
Moreover, today is a significant achievement touted by Trump, but it will ultimately backfire on him, as predicted by Musk, leading to a complete defeat for the Republicans in the midterm elections, and Trump will become a lame duck prematurely.
When calculating benefits, one should consider the benefits of the whole world; when seeking fame, one should aim for eternal fame. However, many things are always easier said than done, which requires courage and, more importantly, foresight. In today's America, who can achieve this?