Trump's Tax and Spending Bill Passes

President Donald Trump's comprehensive tax and spending cut bill has been passed by both the United States — United States House of Representatives and the United States, and subsequently signed into law. The legislation, a key priority for the United States — Republican Party (United States), includes approximately $4.5 trillion in tax cuts, making existing tax rates permanent and introducing new deductions. It also allocates $350 billion for border security and national defense, including funding for the U.S.-Mexico border wall and increased personnel for United States — United States Immigration and Customs Enforcement and United States — United States Border Patrol. To offset some costs, the bill implements significant cuts to United States — Medicaid and the United States — Supplemental Nutrition Assistance Program, introducing new work requirements and co-payments, which the United States — Congressional Budget Office projects will result in 11.8 million more uninsured Americans and 3 million fewer SNAP recipients. Furthermore, the bill rolls back tax breaks for clean energy projects, impacting the renewable energy sector, and includes provisions such as the creation of 'Trump Accounts' for children's savings, an excise tax on university endowments, and a new tax on remittances. Last-minute amendments in the United States included the removal of a moratorium on state artificial intelligence regulations and an increase in funding for rural hospitals.