Trump's tax cut bill advances in the House of Representatives

On May 19, according to foreign media reports, the Trump tax cut bill has been approved by a key committee of the US House of Representatives, which makes it possible for the bill to pass the House of Representatives later this week. It is reported that the bill is worth trillions of dollars. Last Thursday, the effort to pass the bill in Congress hit a roadblock, with five conservative hardliners in the Republican Party voting against it along with all Democratic lawmakers, as hard-line conservatives demanded further cuts to Medicaid in exchange for their support in a key procedural vote. Republican leadership said the bill is not yet mature, and the tax and Medicaid provisions still need to be significantly revised to win conservative support.