The US Congress has passed Donald Trump’s ‘New Beautiful’ bill. This law will be implemented soon after Trump’s signature. This law will have a great impact on the Indian people. The 900 -page bill includes proposals for tax cuts, increasing expenditure on deposit and decrease in social schemes. Trump and Elon Musk’s relationship was spoiled with this bill. Musk had broken ties with the Trump government, saying that he was kept in darkness over this bill.
Sending money to family will be expensive in India
Sending India money from America will cost 1 percent excise tax. This new tax (Big Beautiful Bill) It is due to which sending money from America from America will become expensive. If an Indian who wants a job or business in America wants money for the necessary expenses of his family in India, then he will have to pay 1 percent excise tax.
No tax on sending money from America bank account
Gyandhan’s co-founder Ankit Mehra said, “This tax is less visible to see but those who always send money to their family in India will be very expensive. It will be very expensive. Also, if someone sends money to pay the education loan in India, he will have to pay an additional 1 percent tax.” He said that this tax would be mainly applicable to cash-based transfer. If someone sends money through an American bank account or cards, he will not have to pay tax.
1,00,000 detention beds will be made for migrants
The bill proposes $ 350 billion for national security. With this money, detention beds will be made for 1,00,000 migrants. 10,00 new immigration officers will be appointed. The government will send 10 lakh foreigners living illegally in America every year. This will affect the Indian people whose visa will end or whose immigration will be delayed.
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Treatment will be very expensive
Trump’s bill proposes that 35 dollars will have to be paid for medical services. This will affect Indian families living in America. Especially the problems of those people whose income is low. The bill proposes to withdraw the tax subsidy on electric vehicles. Renewable energy projects will also reduce subsidies. This will affect the Indian people who do jobs in the clean energy sector or do research related to clean energy.