Group 1 - The core point of the article is that the Trump tax and spending bill has sufficient votes to pass in the House of Representatives, with voting still ongoing [1]

Core Viewpoint - The U.S. House of Representatives has commenced voting on Trump's tax and spending bill [1] Group 1 - The bill aims to implement significant tax cuts and adjustments in government spending [1]

Group 1 - The U.S. House of Representatives is scheduled to debate and vote on Trump's tax and spending bill on Wednesday local time [1]

美国参议院通过全面减税和支出法案 金十数据7月2日讯，市场消息：美国参议院以51比50的投票通过特朗普大规模减税和支出法案，法案送 交众议院。 ...

Core Point - The U.S. Senate is expected to vote on President Trump's tax and spending bill on Tuesday [1] Group 1 - The bill is anticipated to have significant implications for fiscal policy and economic growth [1]

Group 1: Tax and Spending Provisions - The "Beautiful Bill" is expected to increase the deficit by $3.8 trillion over ten years due to tax cuts and spending increases[2] - The bill includes $1.44 trillion for defense spending over the next decade, with a focus on shipbuilding and missile defense[2] - Welfare spending cuts will target Medicaid, student loans, and food assistance programs, among others[2] Group 2: Debt and Deficit Impact - The Congressional Budget Office (CBO) predicts the bill will increase the deficit by $500 billion by 2026, raising the deficit-to-GDP ratio from 5.5% to 7.0%[3] - Over ten years, the total deficit increase is estimated at $2.4 trillion, potentially raising total debt by $3 trillion if interest is included[3] - If the tax cuts are made permanent, the total debt increase could reach $5 trillion, with the deficit amounting to 6.8% of GDP[3] Group 3: Legislative Challenges - The Senate and House have differing views on key provisions, particularly regarding the SALT deduction cap and Medicaid cuts[4] - The Senate version proposes a $5 trillion debt ceiling increase, compared to the House's $4 trillion[5] - There is a significant push for the Senate to finalize the bill before the July 4 deadline, despite ongoing disagreements[5] Group 4: International Tax Provisions - The bill includes the controversial 889 clause, which may impose taxes on foreign entities that engage in "unfair taxation" against U.S. companies[6] - The 889 clause aims to increase revenue by approximately $120 billion over ten years, averaging $12 billion annually[8] - The clause reflects a shift from tariffs to international tax negotiations, indicating a potential change in U.S. trade policy focus[9]