{"id":54553,"date":"2025-06-28T14:11:36","date_gmt":"2025-06-28T18:11:36","guid":{"rendered":"https:\/\/queonnda.com\/trump-asks-for-approved-delivery-of-his-one-big-beautiful-bill-act-tax-plan-by-july-4\/"},"modified":"2025-06-28T14:17:06","modified_gmt":"2025-06-28T18:17:06","slug":"trump-asks-for-approved-delivery-of-his-one-big-beautiful-bill-act-tax-plan-by-july-4","status":"publish","type":"post","link":"https:\/\/queonnda.com\/en\/trump-asks-for-approved-delivery-of-his-one-big-beautiful-bill-act-tax-plan-by-july-4\/","title":{"rendered":"Trump asks for approved delivery of his &#8216;One Big Beautiful Bill Act&#8217; tax plan by July 4"},"content":{"rendered":"<p class=\"ai-optimize-6 ai-optimize-introduction\" data-start=\"76\" data-end=\"230\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">U.S. <a href=\"https:\/\/queonnda.com\/en\/trump-to-fine-1000-per-day-for-every-immigrant-who-remains-in-the-country\/\" target=\"_blank\" rel=\"noopener\">President<\/a> Donald Trump has stepped up efforts to get Congress to pass his ambitious tax plan, known as the &#8220;One Big Beautiful Bill Act,&#8221; before July 4, the country&#8217;s Independence Day holiday.<\/span><\/p>\n<p class=\"ai-optimize-6 ai-optimize-introduction\" data-start=\"76\" data-end=\"230\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">This bill seeks to implement a series of tax cuts and adjustments in public spending in order to stimulate the economy and strengthen national security.<\/span><\/p>\n<p data-start=\"76\" data-end=\"230\"><!--more--><\/p>\n<h2 class=\"ai-optimize-7\" data-start=\"237\" data-end=\"283\"><strong data-start=\"241\" data-end=\"283\">Main proposals of Trump&#8217;s tax plan<br \/>\n<\/strong><\/h2>\n<figure id=\"attachment_54541\" aria-describedby=\"caption-attachment-54541\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-54541 size-full\" src=\"https:\/\/queonnda.com\/wp-content\/uploads\/2025\/06\/GettyImages-2222468342-1.jpg\" alt=\"Keywords: Trump, politics, undocumented\" width=\"1200\" height=\"818\" \/><figcaption id=\"caption-attachment-54541\" class=\"wp-caption-text\">PHOTO: Getty Images<\/figcaption><\/figure>\n<p class=\"ai-optimize-8\" data-start=\"285\" data-end=\"363\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The &#8220;One Big Beautiful Bill Act&#8221; contemplates several key measures:<\/span><\/p>\n<p class=\"ai-optimize-10\" data-start=\"367\" data-end=\"545\"><strong data-start=\"367\" data-end=\"425\">Elimination of taxes on tips and overtime<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">It is proposed to exempt tips and overtime from federal taxes, benefiting workers in sectors such as hospitality and commerce.<\/span><\/p>\n<p class=\"ai-optimize-12\" data-start=\"549\" data-end=\"701\"><strong data-start=\"549\" data-end=\"621\">Social Security tax exemption for seniors<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Retirees would no longer pay taxes on Social Security benefits, increasing their net income.<\/span><\/p>\n<p class=\"ai-optimize-14\" data-start=\"705\" data-end=\"905\"><strong data-start=\"705\" data-end=\"785\">Increase in the state and local tax (SALT) deduction limit<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The current $10,000 limit would be raised to $40,000 through 2029, with adjustments for inflation, which would benefit taxpayers in states with high local taxes.<\/span><\/p>\n<p class=\"ai-optimize-16\" data-start=\"909\" data-end=\"1084\"><strong data-start=\"909\" data-end=\"964\">Increased defense and border security spending<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Additional funds would be allocated to strengthen the armed forces and improve security along the southern border.<\/span><\/p>\n<h2 class=\"ai-optimize-17\" data-start=\"1091\" data-end=\"1124\"><strong data-start=\"1095\" data-end=\"1124\">Controversies and opposition<\/strong><\/h2>\n<figure id=\"attachment_54545\" aria-describedby=\"caption-attachment-54545\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-54545 size-full\" src=\"https:\/\/queonnda.com\/wp-content\/uploads\/2025\/06\/GettyImages-2217838807-1.jpg\" alt=\"Trump, tax plan\" width=\"1200\" height=\"800\" \/><figcaption id=\"caption-attachment-54545\" class=\"wp-caption-text\">PHOTO: Getty Images<\/figcaption><\/figure>\n<p class=\"ai-optimize-18\" data-start=\"1126\" data-end=\"1244\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Despite having a Republican majority in both houses, the bill faces opposition from both Democrats and some moderate Republicans.<\/span> <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The main concerns include:<\/span><\/p>\n<p class=\"ai-optimize-20\" data-start=\"1248\" data-end=\"1400\"><strong data-start=\"1248\" data-end=\"1280\">Impact on the fiscal deficit<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The Congressional Budget Office estimates that the plan could increase the deficit by $2.4 trillion over the next decade.<\/span><\/p>\n<p class=\"ai-optimize-22\" data-start=\"1404\" data-end=\"1558\"><strong data-start=\"1404\" data-end=\"1438\">Cuts in social programs<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Cuts in Medicaid and the Supplemental Nutrition Assistance Program (SNAP) are proposed, which could affect millions of low-income people.<\/span><\/p>\n<p class=\"ai-optimize-24\" data-start=\"1562\" data-end=\"1708\"><strong data-start=\"1562\" data-end=\"1588\">Remittance tax<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The bill includes a 3.5% tax on remittances sent abroad, a measure that has generated criticism, especially from Latin American countries.<\/span><\/p>\n<h2 class=\"ai-optimize-25\" data-start=\"1715\" data-end=\"1772\"><strong data-start=\"1719\" data-end=\"1772\">Affecting Hispanics<br \/>\n<\/strong><\/h2>\n<figure id=\"attachment_54547\" aria-describedby=\"caption-attachment-54547\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-54547 size-full\" src=\"https:\/\/queonnda.com\/wp-content\/uploads\/2025\/06\/GettyImages-2222507275-1.jpg\" alt=\"tax plan, House of Representatives\" width=\"1200\" height=\"800\" \/><figcaption id=\"caption-attachment-54547\" class=\"wp-caption-text\">PHOTO: Getty Images<\/figcaption><\/figure>\n<p class=\"ai-optimize-34\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The Hispanic community could be particularly affected by some of the plan&#8217;s provisions:<\/span><\/p>\n<p class=\"ai-optimize-28\" data-start=\"1856\" data-end=\"1962\"><strong data-start=\"1856\" data-end=\"1882\">Remittance tax<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Many Hispanics send money back to their home countries; this tax would reduce the amount received by their families.<\/span><\/p>\n<p class=\"ai-optimize-30\" data-start=\"1966\" data-end=\"2080\"><strong data-start=\"1966\" data-end=\"2000\">Cuts to social programs<\/strong>: <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Cuts to Medicaid and SNAP could impact Hispanic families who rely on these services.<\/span><\/p>\n<p class=\"ai-optimize-38\"><figure class=\"wp-block-pullquote\"><blockquote><p style=\"color: #fd9737;\">Es recomendable que los miembros de la comunidad hispana se informen sobre c\u00f3mo estas medidas podr\u00edan afectarlos y consulten con asesores fiscales o legales para prepararse adecuadamente<\/p><cite>QueOnnda<\/cite><\/blockquote><\/figure><\/p>\n<h2 class=\"ai-optimize-36\"><strong data-start=\"2171\" data-end=\"2189\">What&#8217;s next?<br \/>\n<\/strong><\/h2>\n<p class=\"ai-optimize-39\"><\/p>\n<p class=\"ai-optimize-37\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The Senate plans to vote on the bill this weekend.<\/span><\/p>\n<p class=\"ai-optimize-37\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">If passed, the House of Representatives must review and reconcile any changes before sending it to President Trump for his signature.<\/span><\/p>\n<p class=\"ai-optimize-37\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The president has emphasized the importance of passing the law before July 4, considering it a celebration of independence and a significant achievement of his administration.<\/span><\/p>\n<p class=\"ai-optimize-40\">Find out more at <a href=\"https:\/\/queonnda.com\" target=\"_blank\" rel=\"noopener\">&#8216;QueOnnda.com&#8217;.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President Donald Trump has stepped up efforts to get Congress to pass his ambitious tax plan, known as the &#8220;One Big Beautiful Bill Act,&#8221; before July 4, the country&#8217;s Independence Day holiday. This bill seeks to implement a series of tax cuts and adjustments in public spending in order to stimulate the economy and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":54540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[126,125],"tags":[664,386],"class_list":{"0":"post-54553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"category-news","9":"tag-national","10":"tag-trump-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trump president&#039;s tax plan to be ready by July 4<\/title>\n<meta name=\"description\" content=\"U.S. President Donald Trump is demanding House representatives to pass tax plan by July 4; would be possible?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/queonnda.com\/en\/trump-asks-for-approved-delivery-of-his-one-big-beautiful-bill-act-tax-plan-by-july-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump asks for approved delivery of his &#039;One Big Beautiful Bill Act&#039; 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