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Senate Republicans released a new budget blueprint.
NBC News wrote, “They hope to adopt the plan in the coming days to instruct committees to begin work a massive bill to pass Trump’s agenda on taxes, immigration funding and other priorities. ”
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.
They hope to adopt the plan in the coming days to instruct committees to begin work a massive bill to pass Trump’s agenda on taxes, immigration funding and other priorities. Senate Republicans are using the budget “reconciliation” process to evade the 60-vote hurdle in the chamber, where they hold a 53-47 majority, and cut Democrats out of the process.
Republicans are using a controversial new accounting method known as “current policy baseline” to score the cost of a Trump tax cut extension at $0. Democrats have slammed it as “magic math” that papers over the multitrillion-dollar cost of extending those tax cuts and are exploring their options to challenge the approach.
The Senate GOP budget resolution includes a $5 trillion debt limit increase.
Donald Trump endorsed the plan.
Trump said, “Every Republican, House and Senate, must UNIFY. We need to pass it IMMEDIATELY!”
Speaker of the House Mike Johnson and Senate Majority Leader John Thune have been working tirelessly on taking the next step to pass the plan for our ONE, BIG, BEAUTIFUL BILL, as it is known, as well as getting us closer to the Debt Extension necessary to continue our great work. The Senate Budget plan gives us the tools that we need to get our shared priorities done, including certain PERMANENT Tax Cuts, Spending Cuts, Energy, Historic Investments in Defense, Border, and much more. We are going to cut Spending, and right-size the Budget back to where it should be. The Senate Plan has my Complete and Total Support. Likewise, the House is working along the same lines. Every Republican, House and Senate, must UNIFY. We need to pass it IMMEDIATELY!
Republicans are starting to move on the MAGA agenda!