In a late-night session, the U.S. Senate passed President Trump’s proposed budget resolution, bringing Congress closer to enacting his agenda. The bill includes extending 2017 tax cuts and adding $1.5 trillion in new tax cuts, potentially including no tax on tips. Sen. Katie Britt hopes for inclusion of childcare affordability initiatives. The resolution increases the debt limit by $5 trillion and outlines increased spending on border security and military, aligning with Trump’s priorities. The Senate voted 51-48 in favor, with Sens. Collins and Paul joining Democrats in opposition. The resolution allows for tax cuts to be made permanent, bypassing the Senate parliamentarian. Democrats offered amendments targeting Trump’s tariffs and social programs. The House must now approve the Senate’s blueprint for reconciliation. The goal is to have the plan on the president’s desk by Memorial Day, but with a slim GOP majority in the House, passing the measure may prove challenging. Both chambers must adopt the same measure before committees can work on the legislation’s details. Trump has endorsed the plan, highlighting its focus on tax cuts, energy, and defense. The Senate’s plan is estimated to cost $4.6 trillion, with Trump’s proposed tax cuts being a key element.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
