“This is really a matter of promises made, promises,” said President Trump, flanked by party members, just before he signed the law during a ceremony at the White House. After he listed how he said he restored American power to the world stage, he called his law “the biggest victory so far.”
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The law provides tax cuts with the value of thousands of billions of dollars and releases extra resources for domestic safety, immigration policy and defense. To cover these expenses, substantial cuts are made on social security and healthcare. The US national debt is expected to rise in the next ten years with 3300 billion dollars (more than 2800 billion euros).
The plans encounter strong criticism, not only from Democrats but also from several Republicans. They oppose the interventions in, among other things, health care, subsidies for renewable energy and food aid for people with low incomes. Medicaid, the federal care program for vulnerable groups, is particularly affected.