The budget and fiscal package driven by the president of the United States, Donald Trump, and approved on Thursday by Congress, and fimmed this Friday by the president, aspires to be One of the greatest tax cuts in the history of that country and includes cuts in social programs such as Medicaid and the possibility that the federal deficit multiplies at least four in the next decade.
The legislative initiative basically makes permanent the fiscal cuts that the president already approved in his first term (2017-2021), which implies, for example, that a maximum rate of 37% is set for income tax and maximum annual deduction (US $ 13,000 per taxpayer).
Remittances
The approved text automatically gravels all overdraft sent abroad from the US. with 1% of its value if it is not carried out through bank transfer or debit card.
The provision involves an improvement with respect to the original proposals, which contemplated tax rates 5 % or 3.5 % and only considered the right to reimbursement for those with American citizenship.
Deficit
Various estimates, including that of the Congress Budget Office (CBO), indicate that the so -called “great and beautiful bill” will reduce federal government revenues in between US $ 4 billion and US $ 5 billion between this year and 2034.
This would make the deficit, which in the last fiscal year was at US $ 1.1 billion, thus grow between US $ 3 billion and US $ 5 billion at that time. This has been one of the main disagreements among the Republicans of the House of Representatives.
Programs cuts
The future law also activates some of the greatest social services cuts in recent decades, with Medicaid, andl Health program for low -income people, and chip, the medical coverage for children, receiving about US $ 860 billion less over the next 10 years.
Assistance for the purchase of SNAP food (Federal Supplementary Nutrition Assistance Program) and other federal aid They will also receive tens of billions of dollars less, although the exact amounts are not fixed.
Migration
About US $ 170 billion will be spent more in four years to Strengthen border security and execution of the restrictive migratory policies of the Trump government.
The positions in the agencies involved will be increased by 20 thousand, The Immigration and Customs Control Service (ICE) and the Office of Customs and Border Protection (CBP), new detention centers for migrants will be built and will be invested in new walls, vigia towers or technologies applied to surveillance, which include the use of artificial intelligence.
Defense
Trump considers key within the framework of the rivalry with China, the increase in spending is estimated at about US $ 150 billion, which comes to suppose The greatest increase for this plot in the history of the country.
It is believed that around a sixth part of that amount or more can end up destined for antimile shield baptized by Trump as “golden dome”, A very expensive project whose viability question experts, which also considers that it contributes to increasing global arms proliferation.
The least known points
According to a note from CNN in Spanish, The budget also includes some less known modifications.
Launches to space
Trump’s megaproject also plans to charge spaces such as Spacex, Elon Musk for space launches.
The impositions for launches go, according to the weight, From US $ 30 thousand to US $ 200 thousand.
Poker players
Those who play poker online or in casinos, will be affected for an increase in profits that will go to the state and a change in the tax rules of the games.
Weapon silencers
The law eliminates taxes for Silencers of weapons and short cannon weapons. In addition, it softens the requirements for the registration and property of these, slogan CNN.