🎧 Listen to This Article
Senate Republicans have released a new budget resolution that proposes $1.5 trillion in tax cuts, making Trump’s 2017 tax cuts permanent and increasing the debt limit by $5 trillion. The bill also allocates $150 billion for military spending and $175 billion for immigration enforcement to support Trump’s mass deportation agenda.
The GOP is employing a “current policy baseline” accounting method, scoring the Trump tax cut extension at $0 cost—a move Democrats criticize as “magic math.” Senate Republicans are using budget reconciliation to pass the bill with a simple majority, bypassing the 60-vote threshold and excluding Democrats.
Trump has fully endorsed the plan, urging Senate Republicans to push it forward. However, Democrats, led by Senate Minority Leader Chuck Schumer, argue the proposal prioritizes tax cuts for corporations and the wealthy at the expense of social programs. The measure now moves toward committee discussions and a final vote.
For further details, clarification, contributions, or any concerns regarding this article, please contact us at [email protected]. We value your feedback and are committed to providing accurate and timely information. Please note that our privacy policy will handle all inquiries
