Core Viewpoint - The recent tax reform bill in Washington has sparked significant controversy, passing with a narrow margin of just four votes, leading to tensions between Trump and Musk, and indicating a potential new phase in U.S.-China relations with the return of diplomat Cui Tiankai [1][5][15]. Tax Reform Bill Details - The tax reform bill, described as benefiting the wealthy at the expense of the poor, is projected to increase the national budget deficit by $2.5 trillion [5][12]. - The bill includes a permanent reduction of corporate tax to 21% and provides over $1 trillion in tax cuts for the top 1% of earners, with the top 0.1% receiving nearly half of the tax benefits [12][13]. - The poorest families are expected to face a 4% increase in tax burden, while the government will cut $1.2 trillion in social spending, affecting healthcare and food assistance for millions [12][13]. Public Reaction and Political Implications - Musk's strong opposition to the bill culminated in his announcement of forming a new political party, reflecting widespread discontent, as over 80% of voters supported the idea of a new party representing centrist interests [10][8]. - The passage of the bill has raised concerns about increasing national debt by $3.3 trillion, with interest payments being shouldered by the general public while the wealthy benefit from capital gains tax advantages [13][20]. China's Response - Following the bill's passage, the Chinese Ministry of Commerce quickly stated it would take necessary measures to protect Chinese interests, indicating a proactive stance in international relations [15]. - Cui Tiankai's return to the political arena symbolizes China's strategic response to the evolving geopolitical landscape, emphasizing a commitment to avoid hegemonic competition while seeking win-win outcomes [17][18].
4票之差,美国税改法案通过,72岁崔天凯重出江湖,中方准备接招
Sou Hu Cai Jing·2025-07-13 05:44