Share

FIRSTonline Banner

Big Beautiful Bill: Trump's Fiscal Package Between Costs and Cuts. Triumph or Pyrrhic Victory? What Can Happen

Big beautiful bill: why Trump's legislative victory could hurt his party. The package now faces a tough challenge: convincing the US people of its goodness

Big Beautiful Bill: Trump's Fiscal Package Between Costs and Cuts. Triumph or Pyrrhic Victory? What Can Happen

Big beautiful bill: the bill discussed in the US House, the fiscal package considered by President Trump thehighest expression of his politics in the field of taxes and spending, got thefinal approval of the Congress – with 218 yes and 214 no – before the July 4th celebrations for the US Independence. But, according to some observers, a legislative victory of the president could also damage his party, given the low popularity of the measures. And, with the mid-term elections 16 months on, any legislative triumph for Trump and the Republicans could prove a Pyrrhic victory.

The "Big, Beautiful Bill” has become law, and now Trump can wave it at the U.S. Independence Day. But there are some cracks that could have an impact down the road.

Trump and his “beautiful” fiscal package

Some observers point out that opinions against the launch of this Act, which will bring deep cuts to healthcare and implications for the national debt, have even been raised within the ranks of the sRepublican fabrics. Some Trump Party Members They blocked the bill's passage through the lower house of Congress for several hours on Wednesday, before deciding to backtrack and agree to move the legislation forward.

Trump on Truth Social he lashed out at those Republicans who were opposing the measure. “The biggest tax cuts in history and a booming economy versus the biggest tax hike in history and a failing economy. What are Republicans waiting for??? What are you trying to prove??? MAGA IS NOT HAPPY AND HE’S COSTING YOU VOTES!!!,” Trump wrote, in all capital letters.

With a slim majority in the House, Republicans could afford to lose only a few votes on the bill. Trump met privately at the White House on Wednesday with Republican dissidents to prevent them from killing his “big, beautiful bill.”

several conservative and centrist Republican legislators, including many members of the Freedom Caucus, are upset about the cost of the law, which the nonpartisan Congressional Budget Office estimates will add $3.400 trillion to the debt over the next decade. The group released a three-page memo detailing what it called “failures” of the bill. The more moderate members instead argued that the Medicaid cuts, the public health insurance program for low-income and disabled Americans, would deprive about 12 million people of their health insurance and are therefore too drastic. The package would also eliminate tax credits for'clean energy expected from the Joe Biden era, while increasing investment inarmy and in border protection.

The White House rejected objections, saying the law would more than pay for itself in the long run by generating stronger economic growth.

The first version of this law was approved by a narrow majority by the Senate after three Republicans had sided against it together with the Democrats, forcing the vice-president of the United States JD Vance to cast a decisive vote. An earlier version of the law had been approved by the Room last May with a single vote.

Trump: Legislative Victory Is Not Political Victory

The law is now faced with a arduous task: to defend the legislation in the face of a American public which already seems to be annoyed. “They're going to have to convince the American people of this thesis, because most people, most voters, are just waking up to it,” said Ron Bonjean, a Republican strategist at ft extension Otherwise, he warned, “this will be largely forgotten, or critics will continue to criticize it, and the voters they will remember it in a negative light.”

Polls have consistently shown that the bill is largely unpopular because of provisions that would extend tax cuts for the wealthy while cutting health care and social programs for the poor. A Morning Consult poll conducted over the weekend found that 50% of voters opposed to the “big, beautiful bill”, while 36% supported it.

Elon Musk's Opposition and His New "Party of America"

In addition to the unanimous opposition of the Democrats, Trump has also had to face attacks from his own allies and financiers of his political campaign. First of all Elon Musk who, after recently leaving the administration precisely because of the bickering with Trump, renewed its critical public to the bill, calling it a “disgusting abomination” and arguing that it would undo much of the cost-cutting work of his so-called Department for Government Efficiency (Doge). “All I ask is that you do not bankrupt America“, Musk wrote on X. Trump responded by suggesting the government cut subsidies to Musk’s companies and later said he would “consider” deporting him to South Africa, where Musk was born.

The entrepreneur has strongly contested the legislators of the Republican party who supported the rule, accusing them of hypocrisy given their previous campaign for fiscal austerity. “They should be ashamed. They will lose the primaries next year, it might be the last thing I do on this Earth,” Musk warned, referring to next year’s midterm elections and the possible funding of their opponents.

Musk has also reiterated his intention to found a new political movement, who called “Party of America” and describes it as “an alternative to the one-party Democratic-Republican system, so that citizens actually have a voice.” “If this crazy spending bill passes, the Party of America will be born the next day“, added the entrepreneur.

(Last update: July 4, 2025 at 7.00:XNUMX am)

comments