美國第47任總統Donald J. Trump政策綜合討論 (3)
蜜絲佛陀
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有人覺得美國和東盟談判有困難，所以要放中國出來
China also committed to removing non-tariff countermeasures imposed against the United States since April 2, although it remains unclear how some of these measures will be walked back.
As part of its retaliation in April, China added rare earths to its controlled export list, opened an anti-dumping probe into chemical firm DuPont's <DD.N> China business and blacklisted some U.S. defense and tech firms.
The wording of the agreement suggests those firms will be removed from the list, which barred trade and investment with China and the anti-dumping probe shelved.
The statement only said countermeasures imposed after April 2 will be removed, which would therefore not include a dozen companies blacklisted in March, and the anti-dumping investigation into Google announced in February.
In the case of rare earths, because China's decision applied to all countries, it is unclear whether it will count as a U.S.-specific countermeasure under the agreement.
There is no mention of the U.S. in the original Ministry of Commerce announcement, opens new tab, which required all exporters to seek licenses before shipping seven types of rare earths.
Reuters reported last month that U.S. clients were likely to face a long and uncertain wait for licenses given the trade war.
https://www.reuters.com/world/what-have-china-united-states-agreed-geneva-2025-05-12/
As part of its retaliation in April, China added rare earths to its controlled export list, opened an anti-dumping probe into chemical firm DuPont's <DD.N> China business and blacklisted some U.S. defense and tech firms.
The wording of the agreement suggests those firms will be removed from the list, which barred trade and investment with China and the anti-dumping probe shelved.
The statement only said countermeasures imposed after April 2 will be removed, which would therefore not include a dozen companies blacklisted in March, and the anti-dumping investigation into Google announced in February.
In the case of rare earths, because China's decision applied to all countries, it is unclear whether it will count as a U.S.-specific countermeasure under the agreement.
There is no mention of the U.S. in the original Ministry of Commerce announcement, opens new tab, which required all exporters to seek licenses before shipping seven types of rare earths.
Reuters reported last month that U.S. clients were likely to face a long and uncertain wait for licenses given the trade war.
https://www.reuters.com/world/what-have-china-united-states-agreed-geneva-2025-05-12/
好多傳媒冇報導！
話放過中國關稅係根據4月1個關稅案，
美國對華商品關稅稅率說明:芬太尼關稅(2月4日、 3月4日加徵)20%、對等關稅(4月2日加徵)10%、 301關稅(2018年加徵)平均19.3%,實際平均關稅 稅率=20%+10%+19.3%=49.3%。
話放過中國關稅係根據4月1個關稅案，
美國對華商品關稅稅率說明:芬太尼關稅(2月4日、 3月4日加徵)20%、對等關稅(4月2日加徵)10%、 301關稅(2018年加徵)平均19.3%,實際平均關稅 稅率=20%+10%+19.3%=49.3%。
Saudi Arabian DataVolt is moving forward with plans to invest $20 billion in AI data centers and energy infrastructure in the United States.
Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in U.S. services exports.
Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
Investment partnerships include several sector-specific funds with a strong emphasis on U.S. deployment—such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund—each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
Underscoring our commitment to strengthening our defense and security partnership, the United States and Saudi Arabia signed the largest defense sales agreement in history—nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.
https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-historic-600-billion-investment-commitment-in-saudi-arabia/
Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in U.S. services exports.
Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
Investment partnerships include several sector-specific funds with a strong emphasis on U.S. deployment—such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund—each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
Underscoring our commitment to strengthening our defense and security partnership, the United States and Saudi Arabia signed the largest defense sales agreement in history—nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.
https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-historic-600-billion-investment-commitment-in-saudi-arabia/
WHAT IS TRUMP'S STANCE ON PRESCRIPTION DRUG PRICES?
Trump has sharply criticised the pharmaceutical industry for years over the price of medicines in the United States. He has also chided other wealthy nations for "freeloading" on U.S. pharmaceutical innovation.
During his first term, in 2017, he accused the industry of "getting away with murder" in the prices they charge the government for prescription drugs.
Trump's proposed international reference pricing program was blocked by a court in 2020.
ARE U.S. DRUG PRICES MORE EXPENSIVE?
Yes. The U.S. pays the most for prescription medicines in the world, often nearly three times that of other developed nations.
WHAT IS TRUMP GOING TO DO ABOUT IT?
The executive order on Monday differed from what drugmakers had been expecting. Lobbyist sources had told Reuters ahead of the order's signing on Monday that they expected the "most favored nation" pricing to apply to drugs for Medicare patients. But the order appeared to apply to all medicines.
Separately, Trump has also pushed for drugmakers to boost U.S. manufacturing. His administration is conducting an investigation into imports of pharmaceuticals in a bid to levy tariffs on grounds that reliance on foreign production of medicine threatens national security.
HOW DOES THIS DIFFER FROM PREVIOUS PRICE REDUCTION EFFORTS?
Biden's Inflation Reduction Act allows the government to negotiate the price of its most expensive drugs within Medicare.
The prices for the first 10 prescription drugs it negotiated were still on average more than double, and in some cases five times, what drugmakers had agreed to in four other high-income countries, Reuters previously reported.
https://www.reuters.com/business/healthcare-pharmaceuticals/what-has-trump-said-about-cutting-drug-prices-2025-05-12/
Trump has sharply criticised the pharmaceutical industry for years over the price of medicines in the United States. He has also chided other wealthy nations for "freeloading" on U.S. pharmaceutical innovation.
During his first term, in 2017, he accused the industry of "getting away with murder" in the prices they charge the government for prescription drugs.
Trump's proposed international reference pricing program was blocked by a court in 2020.
ARE U.S. DRUG PRICES MORE EXPENSIVE?
Yes. The U.S. pays the most for prescription medicines in the world, often nearly three times that of other developed nations.
WHAT IS TRUMP GOING TO DO ABOUT IT?
The executive order on Monday differed from what drugmakers had been expecting. Lobbyist sources had told Reuters ahead of the order's signing on Monday that they expected the "most favored nation" pricing to apply to drugs for Medicare patients. But the order appeared to apply to all medicines.
Separately, Trump has also pushed for drugmakers to boost U.S. manufacturing. His administration is conducting an investigation into imports of pharmaceuticals in a bid to levy tariffs on grounds that reliance on foreign production of medicine threatens national security.
HOW DOES THIS DIFFER FROM PREVIOUS PRICE REDUCTION EFFORTS?
Biden's Inflation Reduction Act allows the government to negotiate the price of its most expensive drugs within Medicare.
The prices for the first 10 prescription drugs it negotiated were still on average more than double, and in some cases five times, what drugmakers had agreed to in four other high-income countries, Reuters previously reported.
https://www.reuters.com/business/healthcare-pharmaceuticals/what-has-trump-said-about-cutting-drug-prices-2025-05-12/
Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company. Qatar will invest up to $1 billion in state-of-the-art quantum technologies and workforce development provided by the Joint Venture, supporting U.S. and Qatari jobs and leadership in this critical emerging technology.
Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-historic-1-2-trillion-economic-commitment-in-qatar/
McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company. Qatar will invest up to $1 billion in state-of-the-art quantum technologies and workforce development provided by the Joint Venture, supporting U.S. and Qatari jobs and leadership in this critical emerging technology.
Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-president-donald-j-trump-secures-historic-1-2-trillion-economic-commitment-in-qatar/
Boeing and GE Aerospace secured a $14.5 billion commitment from Etihad Airways to invest in 28 American-made Boeing 787 and 777X aircraft powered by GE engines. With the inclusion of the next-generation 777X in its fleet plan, the investment deepens the longstanding commercial aviation partnership between the UAE and the United States, fueling American manufacturing, driving exports, and supporting 60,000 U.S. jobs.
In Oklahoma, Emirates Global Aluminum will invest to develop a $4 billion primary aluminum smelter project, one of the first new aluminum smelters in America in 45 years, that will create a thousand jobs in America, strengthen critical mineral supply chains, and double current U.S. production capacity.
In line with President Trump’s executive order to unleash American energy leadership worldwide, ExxonMobil, Occidental Petroleum, and EOG Resources are partnering with the Abu Dhabi National Oil Company (ADNOC) for expanded oil and natural gas production valued at $60 billion that will help lower energy costs and create hundreds of skilled jobs in both countries.
RTX is partnering with Emirates Global Aluminum and the UAE’s Tawazun Council on a pioneering Gallium project that will help secure and stabilize the United States' critical mineral supply chain. By diversifying sources of this essential input for semiconductors and defense technologies, the partnership strengthens America's supply security, supports high-tech manufacturing, and creates jobs across the U.S. critical minerals and defense industrial base.
Holtec International and IHC Industrial Holding Company (IHC) are entering cooperation to build a fleet of Holtec’s SMR-300 small modular reactors, starting at the Palisades site in Michigan. This agreement includes a commitment of $10 billion, and an additional $20 billion for fleet projects, helping to revitalize American nuclear energy infrastructure, strengthen domestic energy security, and create high-skilled jobs in engineering, construction, and advanced manufacturing across the United States.
Amazon Web Services, e&, and the UAE Cybersecurity Council have launched a Sovereign Cloud Launchpad to accelerate public cloud services adoption in the UAE. The initiative is expected to contribute $181 billion to the UAE's digital economy by 2033 and includes a new UAE cybersecurity technology Innovation center. This collaboration expands demand for U.S.–developed cloud infrastructure and cybersecurity technologies, supporting high-skilled jobs in the United States and reinforcing U.S. leadership in secure digital innovation globally.
https://x.com/WhiteHouse/status/1923097611063513298
In Oklahoma, Emirates Global Aluminum will invest to develop a $4 billion primary aluminum smelter project, one of the first new aluminum smelters in America in 45 years, that will create a thousand jobs in America, strengthen critical mineral supply chains, and double current U.S. production capacity.
In line with President Trump’s executive order to unleash American energy leadership worldwide, ExxonMobil, Occidental Petroleum, and EOG Resources are partnering with the Abu Dhabi National Oil Company (ADNOC) for expanded oil and natural gas production valued at $60 billion that will help lower energy costs and create hundreds of skilled jobs in both countries.
RTX is partnering with Emirates Global Aluminum and the UAE’s Tawazun Council on a pioneering Gallium project that will help secure and stabilize the United States' critical mineral supply chain. By diversifying sources of this essential input for semiconductors and defense technologies, the partnership strengthens America's supply security, supports high-tech manufacturing, and creates jobs across the U.S. critical minerals and defense industrial base.
Holtec International and IHC Industrial Holding Company (IHC) are entering cooperation to build a fleet of Holtec’s SMR-300 small modular reactors, starting at the Palisades site in Michigan. This agreement includes a commitment of $10 billion, and an additional $20 billion for fleet projects, helping to revitalize American nuclear energy infrastructure, strengthen domestic energy security, and create high-skilled jobs in engineering, construction, and advanced manufacturing across the United States.
Amazon Web Services, e&, and the UAE Cybersecurity Council have launched a Sovereign Cloud Launchpad to accelerate public cloud services adoption in the UAE. The initiative is expected to contribute $181 billion to the UAE's digital economy by 2033 and includes a new UAE cybersecurity technology Innovation center. This collaboration expands demand for U.S.–developed cloud infrastructure and cybersecurity technologies, supporting high-skilled jobs in the United States and reinforcing U.S. leadership in secure digital innovation globally.
https://x.com/WhiteHouse/status/1923097611063513298
推！
President Donald Trump signed a law Monday criminalizing the spread of nonconsensual intimate imagery, including AI-generated deepfakes and revenge porn.
The bill passed the House 409–2 in April after unanimously clearing the Senate in February.
Under the law, anyone who distributes intimate images of someone without their consent faces federal criminal penalties. The law mandates that social media companies promptly remove such content when alerted, and empowers the Federal Trade Commission to enforce it.
The law comes amid mounting concerns over the weaponization of AI to create realistic but fake sexual content, often targeting women and public figures. The bill originated under the co-sponsorship of Sens. Ted Cruz (R-Texas), who was at the signing ceremony, and Amy Klobuchar (D-Minn.). Lawmakers from both parties have described it as a long-overdue protection against online abuse.
https://www.politico.com/news/2025/05/19/trump-signs-take-it-down-act-criminalizing-deepfake-and-revenge-porn-00357151
The bill passed the House 409–2 in April after unanimously clearing the Senate in February.
Under the law, anyone who distributes intimate images of someone without their consent faces federal criminal penalties. The law mandates that social media companies promptly remove such content when alerted, and empowers the Federal Trade Commission to enforce it.
The law comes amid mounting concerns over the weaponization of AI to create realistic but fake sexual content, often targeting women and public figures. The bill originated under the co-sponsorship of Sens. Ted Cruz (R-Texas), who was at the signing ceremony, and Amy Klobuchar (D-Minn.). Lawmakers from both parties have described it as a long-overdue protection against online abuse.
https://www.politico.com/news/2025/05/19/trump-signs-take-it-down-act-criminalizing-deepfake-and-revenge-porn-00357151
再推，感謝talon繼續支持！
The Republican-controlled U.S. House of Representatives on Thursday passed a sweeping tax and spending bill that would enact much of President Donald Trump's policy agenda and saddle the country with trillions of dollars more in debt.
The bill, passed by a single-vote margin, would fulfill many of Trump's populist campaign pledges, delivering new tax breaks on tips and car loans and boosting spending on the military and border enforcement.
The package passed in a 215-214 vote after a marathon push that kept lawmakers debating the bill through two successive nights.
What Trump has dubbed a "big, beautiful bill" now heads to the Senate, which Republicans control by a 53-47 margin.
The 1,100-page bill would extend corporate and individual tax cuts passed in 2017 during Trump's first term in office, cancel many green-energy incentives passed by Democratic former President Joe Biden and tighten eligibility for health and food programs for the poor.
It also would fund Trump's crackdown on immigration, adding tens of thousands of border guards and creating the capacity to deport up to 1 million people each year. Regulations on firearm silencers would be loosened.
JPMorgan Chase (JPM.N), opens new tab Chief Executive Jamie Dimon told an investor conference in Shanghai that he supported the bill, but acknowledged, "it'll probably add to the deficit."
Hardliners on the party's right flank had pushed for deeper spending cuts to lessen the budget impact, but they met resistance from centrists who worried that would fall too heavily on the 71 million low-income Americans enrolled in the Medicaid health program.
Johnson made changes to address conservatives' concerns, pulling forward new work requirements for Medicaid recipients to take effect at the end of 2026, two years earlier than before. That would kick several million people off the program, according to the CBO. The bill also would penalize states that expand Medicaid in the future.
Johnson also expanded a deduction for state and local tax payments, which was a priority for a handful of centrist Republicans who represent high-tax states like New York and California. The new limit of $40,000 would overwhelmingly benefit the wealthiest households, according to the nonpartisan Committee for a Responsible Federal Budget.
https://www.reuters.com/world/us/us-house-republicans-set-pre-dawn-votes-get-trump-tax-bill-over-finish-line-2025-05-22/
The bill, passed by a single-vote margin, would fulfill many of Trump's populist campaign pledges, delivering new tax breaks on tips and car loans and boosting spending on the military and border enforcement.
The package passed in a 215-214 vote after a marathon push that kept lawmakers debating the bill through two successive nights.
What Trump has dubbed a "big, beautiful bill" now heads to the Senate, which Republicans control by a 53-47 margin.
The 1,100-page bill would extend corporate and individual tax cuts passed in 2017 during Trump's first term in office, cancel many green-energy incentives passed by Democratic former President Joe Biden and tighten eligibility for health and food programs for the poor.
It also would fund Trump's crackdown on immigration, adding tens of thousands of border guards and creating the capacity to deport up to 1 million people each year. Regulations on firearm silencers would be loosened.
JPMorgan Chase (JPM.N), opens new tab Chief Executive Jamie Dimon told an investor conference in Shanghai that he supported the bill, but acknowledged, "it'll probably add to the deficit."
Hardliners on the party's right flank had pushed for deeper spending cuts to lessen the budget impact, but they met resistance from centrists who worried that would fall too heavily on the 71 million low-income Americans enrolled in the Medicaid health program.
Johnson made changes to address conservatives' concerns, pulling forward new work requirements for Medicaid recipients to take effect at the end of 2026, two years earlier than before. That would kick several million people off the program, according to the CBO. The bill also would penalize states that expand Medicaid in the future.
Johnson also expanded a deduction for state and local tax payments, which was a priority for a handful of centrist Republicans who represent high-tax states like New York and California. The new limit of $40,000 would overwhelmingly benefit the wealthiest households, according to the nonpartisan Committee for a Responsible Federal Budget.
https://www.reuters.com/world/us/us-house-republicans-set-pre-dawn-votes-get-trump-tax-bill-over-finish-line-2025-05-22/
TAX CUTS AND TAX BREAKS
Makes permanent the lower income tax rates in Trump's 2017 Tax Cuts and Jobs Act that are currently due to expire at the end of 2025.(Cost: $2.2 trillion)
Extends the increased alternative minimum tax exemption. (Cost: $1.4 trillion)
Extends the standard deduction and boosts it by an additional $1,000 to $1,500 until 2029. (Cost: $1.3 trillion)
Extends and increases tax break for owners of "pass-through" businesses, such as sole proprietorships and LLCs. (Cost: $809 billion)
Expands the Child Tax Credit to $2,500 from $1,000 until 2029, and keeps it at $2,000 after that, indexed to inflation. (Cost: $797 billion)
Raises the estate tax exemption from $14 million to $15 million. (Cost: $212 billion)
Extends tax breaks for multinational corporations. (Cost: $174 billion)
Exempts taxes on overtime pay until 2029. (Cost: $124 billion)
Creates a new $4,000 deduction for seniors. (Cost: $72 billion)
Exempts taxes on interest payments on loans for domestic autos until 2029. (Cost: $58 billion)
Exempts taxes on some tipped income until 2029. (Cost: $40 billion)
Exempts up to $5,000 for contributions to scholarship funds for private schools. (Cost: $20.4 billion)
Allows parents to contribute up to $5,000 tax-free each year to "Trump Accounts" to be used for a child's school and other costs when they reach adulthood. (Cost: $17.2 billion)
Allows taxpayers to deduct up to $40,000 for state and local tax (SALT) payments, up from $10,000 now, with benefits phasing out for households that make more than $500,000. (Cost unknown at this point)
SAVINGS AND NEW REVENUES
Extends 2017 elimination of personal exemption deduction. (Savings: $1.9 trillion)
Ends tax breaks for electric vehicles, clean electricity and green energy. (Savings unknown at this point)
Restricts health benefits for some immigrants. (Savings: $117 billion)
Imposes stricter eligibility requirements for Affordable Care Act exchange coverage. (Savings: $82 billion)
Raises taxes on the biggest private university endowments from 1.4% to 21%. (New revenue: $22.6 billion)
Imposes a new 5% tax on funds sent by immigrants to their home countries. (New revenue: $22.2 billion)
Eliminates taxes on firearm silencer sales and removes them from a national registry. (Cost: $1.4 billion)
Eliminates tax on gun manufacturers.
Gives the government the power to end the tax-exempt status of "terrorist-supporting organizations."
Total cost of tax cuts: $5.6 TRILLION
MEDICAID
Requires able-bodied adults who have no dependents to work, volunteer or be in school at least 80 hours a month starting in 2027.
Bolsters verification efforts that check whether participants and healthcare providers are eligible to participate, and removes rules that make it easier to enroll.
Excludes non-citizens from the program and penalizes states that use their own funds to provide coverage to illegal immigrants.
Blocks regulations that required minimum staffing levels at nursing homes and other long-term care facilities.
Prohibits funding for gender transition therapies for minors.
Prohibits payments to large providers like Planned Parenthood that specialize in birth control, abortion and other reproductive health services.
Limits state taxes on providers that are used to raise the federal government's contribution.
Total savings: $715 billion. Enrollment would drop by at least 7.7 million people from its current level of 71 million people.
https://www.reuters.com/sustainability/climate-energy/whats-republican-tax-health-plan-what-is-not-2025-05-12/
Makes permanent the lower income tax rates in Trump's 2017 Tax Cuts and Jobs Act that are currently due to expire at the end of 2025.(Cost: $2.2 trillion)
Extends the increased alternative minimum tax exemption. (Cost: $1.4 trillion)
Extends the standard deduction and boosts it by an additional $1,000 to $1,500 until 2029. (Cost: $1.3 trillion)
Extends and increases tax break for owners of "pass-through" businesses, such as sole proprietorships and LLCs. (Cost: $809 billion)
Expands the Child Tax Credit to $2,500 from $1,000 until 2029, and keeps it at $2,000 after that, indexed to inflation. (Cost: $797 billion)
Raises the estate tax exemption from $14 million to $15 million. (Cost: $212 billion)
Extends tax breaks for multinational corporations. (Cost: $174 billion)
Exempts taxes on overtime pay until 2029. (Cost: $124 billion)
Creates a new $4,000 deduction for seniors. (Cost: $72 billion)
Exempts taxes on interest payments on loans for domestic autos until 2029. (Cost: $58 billion)
Exempts taxes on some tipped income until 2029. (Cost: $40 billion)
Exempts up to $5,000 for contributions to scholarship funds for private schools. (Cost: $20.4 billion)
Allows parents to contribute up to $5,000 tax-free each year to "Trump Accounts" to be used for a child's school and other costs when they reach adulthood. (Cost: $17.2 billion)
Allows taxpayers to deduct up to $40,000 for state and local tax (SALT) payments, up from $10,000 now, with benefits phasing out for households that make more than $500,000. (Cost unknown at this point)
SAVINGS AND NEW REVENUES
Extends 2017 elimination of personal exemption deduction. (Savings: $1.9 trillion)
Ends tax breaks for electric vehicles, clean electricity and green energy. (Savings unknown at this point)
Restricts health benefits for some immigrants. (Savings: $117 billion)
Imposes stricter eligibility requirements for Affordable Care Act exchange coverage. (Savings: $82 billion)
Raises taxes on the biggest private university endowments from 1.4% to 21%. (New revenue: $22.6 billion)
Imposes a new 5% tax on funds sent by immigrants to their home countries. (New revenue: $22.2 billion)
Eliminates taxes on firearm silencer sales and removes them from a national registry. (Cost: $1.4 billion)
Eliminates tax on gun manufacturers.
Gives the government the power to end the tax-exempt status of "terrorist-supporting organizations."
Total cost of tax cuts: $5.6 TRILLION
MEDICAID
Requires able-bodied adults who have no dependents to work, volunteer or be in school at least 80 hours a month starting in 2027.
Bolsters verification efforts that check whether participants and healthcare providers are eligible to participate, and removes rules that make it easier to enroll.
Excludes non-citizens from the program and penalizes states that use their own funds to provide coverage to illegal immigrants.
Blocks regulations that required minimum staffing levels at nursing homes and other long-term care facilities.
Prohibits funding for gender transition therapies for minors.
Prohibits payments to large providers like Planned Parenthood that specialize in birth control, abortion and other reproductive health services.
Limits state taxes on providers that are used to raise the federal government's contribution.
Total savings: $715 billion. Enrollment would drop by at least 7.7 million people from its current level of 71 million people.
https://www.reuters.com/sustainability/climate-energy/whats-republican-tax-health-plan-what-is-not-2025-05-12/
ENERGY, ENVIRONMENT, COMMUNICATIONS
Cancels funding for green-energy grant programs in the 2022 Inflation Reduction Act, including vehicle manufacturing, home efficiency upgrades, electricity transmission, wind power.
Creates incentives for pipelines, natural gas exports and exploration.
Repeals grant programs for purchasing electric heavy-duty vehicles.
Repeals grants to reduce air pollution, greenhouse gas emissions.
Repeals fuel-efficiency standards for automobiles and pickup trucks.
Makes more electromagnetic spectrum bands for communication available for auction.
Prohibits states from regulating artificial intelligence.
Total savings: $197 billion
HOMELAND SECURITY
Border wall construction (Cost: $46.5 billion)
Surveillance towers, drones and other border-security equipment (Cost: $6.3 billion)
Increase staffing at U.S. Customs and Border Protection from 46,400 to 55,000 (Cost: $6.2 billion)
Increase law enforcement protection of the president (Cost: $300 million)
Reimburse states for border-security costs. ($12 billion)
Total cost: $79 billion
IMMIGRATION AND JUSTICE
Imposes new fees of up to $5,000 for immigrants' work permits, court hearings, applications for asylum and other matters.
Provides funding to hire 10,000 new immigration enforcement officers, and funding for 1 million more deportations.
Provides additional funds for government agencies to investigate visa fraud, run criminal background checks and DNA testing, and supervise unaccompanied children.
Prevents federal courts from enforcing contempt citations related to injunctions or temporary restraining orders against the government.
Total savings: $110 billion
MILITARY
Increase spending on shipbuilding (Cost: $32 billion)
Air and missile defense (Cost: $24 billion)
Munitions (Cost: $19.5 billion)
Nuclear weapons (Cost: $12.6 billion)
Border security (Cost: $5 billion)
Total cost: $144 billion
FOOD ASSISTANCE
Increased work requirements for some of the 41 million participants in the SNAP food aid program
Shift some costs from federal government to states starting in 2028
Savings: $230 billion
EDUCATION
Changes student loan repayment plans (Savings: $295 billion)
Imposes borrowing limits for some student loan programs (Savings: $51 billion)
Tightens eligibility for Pell Grants (Savings: $8 billion)
Limits the government's ability to cancel student debt (Savings: $32 billion)
Total savings: $349 billion
https://www.reuters.com/sustainability/climate-energy/whats-republican-tax-health-plan-what-is-not-2025-05-12/
Cancels funding for green-energy grant programs in the 2022 Inflation Reduction Act, including vehicle manufacturing, home efficiency upgrades, electricity transmission, wind power.
Creates incentives for pipelines, natural gas exports and exploration.
Repeals grant programs for purchasing electric heavy-duty vehicles.
Repeals grants to reduce air pollution, greenhouse gas emissions.
Repeals fuel-efficiency standards for automobiles and pickup trucks.
Makes more electromagnetic spectrum bands for communication available for auction.
Prohibits states from regulating artificial intelligence.
Total savings: $197 billion
HOMELAND SECURITY
Border wall construction (Cost: $46.5 billion)
Surveillance towers, drones and other border-security equipment (Cost: $6.3 billion)
Increase staffing at U.S. Customs and Border Protection from 46,400 to 55,000 (Cost: $6.2 billion)
Increase law enforcement protection of the president (Cost: $300 million)
Reimburse states for border-security costs. ($12 billion)
Total cost: $79 billion
IMMIGRATION AND JUSTICE
Imposes new fees of up to $5,000 for immigrants' work permits, court hearings, applications for asylum and other matters.
Provides funding to hire 10,000 new immigration enforcement officers, and funding for 1 million more deportations.
Provides additional funds for government agencies to investigate visa fraud, run criminal background checks and DNA testing, and supervise unaccompanied children.
Prevents federal courts from enforcing contempt citations related to injunctions or temporary restraining orders against the government.
Total savings: $110 billion
MILITARY
Increase spending on shipbuilding (Cost: $32 billion)
Air and missile defense (Cost: $24 billion)
Munitions (Cost: $19.5 billion)
Nuclear weapons (Cost: $12.6 billion)
Border security (Cost: $5 billion)
Total cost: $144 billion
FOOD ASSISTANCE
Increased work requirements for some of the 41 million participants in the SNAP food aid program
Shift some costs from federal government to states starting in 2028
Savings: $230 billion
EDUCATION
Changes student loan repayment plans (Savings: $295 billion)
Imposes borrowing limits for some student loan programs (Savings: $51 billion)
Tightens eligibility for Pell Grants (Savings: $8 billion)
Limits the government's ability to cancel student debt (Savings: $32 billion)
Total savings: $349 billion
https://www.reuters.com/sustainability/climate-energy/whats-republican-tax-health-plan-what-is-not-2025-05-12/
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