Reference News Network July 5 report: Germany's Nachrichten TV channel website published an article titled "Trump's Bill is a Political Boomerang" on July 3, authored by Roland Peters. The following is an excerpt of the article:
The "Big and Beautiful Act" almost encompasses all of Trump's campaign promises, but this bill, which should have been highly appealing, contains some "ugly" changes that could trouble Trump and Republicans for a long time.
Even among conservatives, some cutbacks are controversial. The so-called "fiscal hawks," conservative activists who strongly oppose new debt, and Republican lawmakers worried about angering voters by cutting Medicaid, disagree with these measures.
The "Big and Beautiful Act" represents the neoliberal "trickle-down effect"—the idea that tax cuts for the wealthy will benefit everyone. For decades, Republicans have used this as a reason to demand tax cuts for the wealthy and businesses, claiming that the additional tax revenue from economic prosperity would offset the losses. They also demanded cuts in national services to keep the budget lean. The trickle-down theory has now been discredited.
Now, the Republicans also represent many voters who cannot afford private health insurance and rely on government assistance such as Medicaid. This is the political dilemma of the "Big and Beautiful Act": the funding to fill the tax cut loopholes is largely coming from cuts in national healthcare benefits. The impact of these measures will be evident in the next presidential election.
Voters have already shown skepticism: according to a survey by the Kaiser Family Foundation, 64% of Americans oppose the "Big and Beautiful Act"; among Republicans, the opposition rate is 36%—although not high, given that close two-party election results have become the norm, if some of these few voters switch their votes, the Republicans may lose their majority in Congress, or even the White House.
Before the final vote in the House of Representatives, Vice President Vance cast the decisive vote in the Senate. American media consider Vance the "heir apparent" to Trump's "Make America Great Again" movement, and the most likely next Republican presidential candidate. Trump's current success might mean the future failure of the Republicans. The midterm elections next year will be the first nationwide barometer of public satisfaction with the "Big and Beautiful Act." (Translated by Zhong Sirui)
Original text: https://www.toutiao.com/article/7523489236658487846/
Statement: This article represents the views of the author. Welcome to express your opinion by clicking on the [Up/Down] buttons below.