Senate Democrats, led by Chuck Schumer, have vowed to oppose President Trump’s sweeping economic bill, which passed the House narrowly. Schumer labeled it a “job killer” and accused it of favoring billionaires while harming working Americans.
The bill extends Trump-era tax cuts, eliminates taxes on tips and overtime, and includes Medicaid and SNAP reforms. Critics argue it will add trillions to the deficit, though Trump’s team claims it will boost GDP and eventually reduce debt.
The legislation also raises the debt ceiling by \$4 trillion. While Republicans call it pro-growth, Democrats warn it risks healthcare coverage and social safety nets for millions.
