Stop the nightmare

The US Senate, after long debate, approved his version of tax reform, which can become the largest in the country since the 80s of the last century, Reuters reports . 51 senator voted for the bill, against - 49

All, without exception, representatives of the Democratic Party voted against reform. One member of the Senate from Republicans also did not support the document.

At the end of November, the House of Congress representatives approved its version of tax reform. Now both adopted documents must go through the approval procedure before a single bill is sent to the President Donald Trump for signature.

Although the versions of the chambers of the Congress have significant differences, both programs provide, first of all, the reduction of taxes for large business and wealthy citizens. So, in the Senate bill, income tax on American corporations should be reduced from 35 to 20 percent. Instead of the current scale of seven categories of progressive income tax, only three - 12, 25 and 35 percent are proposed.

As the agency notes, the adoption of tax reform by Congress was Trump's first “major victory”. Tax reduction was the central element of its election program. The White House and the leaders of the Republicans believe that the reform will contribute to the growth of investment. In their opinion, funds that corporations and wealthy citizens will save on taxes will be aimed at creating a new business and building new enterprises, which will increase the number of jobs for Americans.

Another pre -election promise, the abolition of the Obamacare insurance system introduced by the previous President Barack Obama, is not able to implement Trump. On January 20, immediately after the inauguration, the president signed among others a decree prescribing to the institutions to “reduce regulation” in anticipation of the abolition of the health system introduced six years ago.

In March, a vote in the US Congress on the bill proposed by the President on the reform of healthcare at the last moment was canceled . Trump revoked the document after he did not receive the necessary support for the Republicans. One congressmen did not like that the presidential bill cut off medical insurance too much. Others considered the prepared changes not deep enough. After a six -hour discussion, a break was announced in the meeting. Then the speaker of the House of Representatives Paul Ryan said that he and Trump agreed to cancel the vote.

Trump himself said that Obamacare needs to be allowed to "go its own way." "It is better that we can make, from a political point of view, this is to allow Obamacare to show its failure," the president said. He noted that Obamacare "is already out of time." “I can tell you what will come of it: an even better law,” Trump said. As the president noted, the Republicans will now focus on tax reform.