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Editorial: Le Monde

  • Donald Trump achieved a political victory with the adoption of a large budget bill.
  • The bill includes many of Trump's campaign promises such as extended tax cuts and increased defense and border security budgets.
  • To compensate, reductions will be made in the Medicaid budget and food aid.
  • The law will abandon the tax credits for the environmental transition adopted under Joe Biden's presidency.
  • The wealth redistribution relative to this law will result in a greater burden on the poorest and advantageous outcomes for the richest.
  • The law favors fossil fuels and ceases support for green investments, which could worsen the CO2 emissions problem.
  • This bill will increase debt by over $3.3 trillion over the next decade, which could weaken the US economy.

Conclusion: Despite being a political victory for Trump, this law represents a wealth redistribution towards the richest, a snub to the ecological transition, and a concerning growth of debt. These factors could have significant consequences at the ballot box and for the US economy.