The US Congress Thursday gave final approval to President Donald Trump's tax and spending reduction bill, marking the first major legislative achievement of his second presidential term.
The bill passed the House of Representatives by a narrow margin, with 218 votes in favor and 214 against, reflecting deep divisions within the chamber.
Following the vote, the bill was sent to President Trump for his signature and enactment into law.
The House's approval came after the Senate passed the bill on Tuesday, following intense negotiations and amendments between the two major parties.
The legislation includes a series of economic and tax measures aimed at reducing taxes and expanding significant tax exemptions for most American households, in an effort to boost purchasing power and stimulate economic growth.
However, the bill also mandates substantial cuts to public health insurance programs, including those serving low-income Americans, sparking widespread controversy among lawmakers and advocates of social welfare programs.
According to estimates by congressional economic experts, the implementation of this law is expected to increase the U.S. national debt by more than $3 trillion over the next decade, raising concerns about its long-term impact on financial stability.
