Trump Tax Reform Bill Dey Split GOP Over SALT Cap, Green Energy Credits, Plus Medicaid Cuts, E Dey Raise Fiscal Policy Wahala
President Donald Trump latest tax reform bill don cause big wahala for Republican Party body, as House Speaker Mike Johnson dey struggle to bring everybody together before one important House Rules Committee vote. The bill dey try extend Trump-time tax cut dem, make defense and border security spending big, cut deeper Medicaid and food stamp, plus carry big package wey cover tax, Medicaid, energy incentives, immigration, and debt ceiling. Big policy palava na: conservatives want strict Medicaid rules, strict work requirements, and dem wan cancel President Biden green energy tax credits wey dem talk say dey disturb market. But GOP moderates from states like California, New York, and New Jersey wey get high tax dey insist say make SALT (state and local tax) deduction cap wey be $10,000 raise go $30,000 for people wey dey earn under $400,000. Dem warn say if dem no act, e fit make Republican lose seats for 2026 midterms. The bill also wan cut Medicaid money wey states dey spend on immigrant pikin and pregnant women. The green energy tax credit matter still dey divide party between states wey depend on clean energy investment and those wey no gree with government subsidy. This fight for GOP side dey make people doubt if the bill go pass and e fit cause short-term wahala for market. For crypto traders, ongoing financial uncertainty, possible wahala on US treasury yields, and change for risk feelings na main things wey dem go watch because e fit affect digital asset prices and overall market movement.
Neutral
Wen Trump dem propose big tax change, e bring plenty uncertainty for law and e dey make both debate for fiscal policy and market wahala dey increase, but outcome never clear yet. For crypto traders, di main impact na indirect: di fight between GOP about deductions, welfare cut and green energy subsidies fit affect treasury yields and risk-on sentiment, but the proper direction for digital assets no clear till dem decide the bill fate and the special fiscal moves. Historically, this kain US policy fight dey cause short term market wahala but e no dey show proper bullish or bearish trend for crypto without clear result. Market people suppose dey monitor the law matter, because any strong fiscal move fit change macroeconomic condition and crypto market direction.