The US Congress is gearing up for a final vote on President Trump’s $4.5 trillion tax breaks and spending cuts bill. The Senate cleared the bill by a razor-thin margin of one vote. Now, the House of Representatives faces the same challenge, with Republicans holding a fragile 220-212 majority.
Republicans have battled hard at every stage. Many lawmakers remain unhappy with the final draft. Moderates worry about Medicaid cuts and losing green energy incentives. Conservatives want even deeper spending cuts. Despite all this, party leaders are pushing hard to meet Trump’s Fourth of July deadline.
The latest version of the bill includes changes that could benefit Indian professionals working in the US and non-resident Indians sending money home. Specifically, it slashes the tax on remittances to just 1%.
Earlier drafts proposed a 5% tax on money sent abroad, sparking concern. The House reduced it to 3.5%, and now it stands at 1%. This cut applies to remittances via cash, money orders, and cashier’s checks. For many Indians relying on family support or investments, this is a significant relief.
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Despite its narrow passage in the Senate, the bill’s future in the House is uncertain. Lawmakers are still debating. Some GOP members want stronger spending cuts, while moderates worry about social programs.
If passed, the bill will reshape taxes, government spending, and affect millions of immigrants. For Indians, the remittance tax cut could make a real difference in sending money back home.
Meanwhile, President Trump recently intensified his criticism of Zohran Mamdani, the Democratic frontrunner for New York City mayor. Trump called Mamdani a “communist lunatic” and threatened legal action if Mamdani opposes federal immigration enforcement. This ongoing political clash adds to the charged atmosphere as the US navigates key legislative decisions like the One Big Beautiful Bill.
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