Trump Secures Major Economic Policy Shift as House Approves Tax Legislation

President Donald Trump achieved a significant transformation in U.S. domestic policy as the House approved a $3.4 trillion fiscal measure that reduces taxes, limits spending on social safety-net programs, and effectively undoes much of Joe Biden’s initiatives aimed at transitioning the nation toward a clean-energy economy.

The House approved the bill by a narrow 218-214 vote on Thursday, ensuring its delivery to Trump before the July 4 deadline he had established. Congressional leaders extended earlier procedural votes for several hours in order to persuade a small group of undecided lawmakers to back the legislation.

— news from Bloomberg.com

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