The Senate voted 52-48 to begin debate on a multitrillion-dollar plan that would cut taxes, boost spending for immigration enforcement and the military and raise the debt limit.

In particular:

  • Republicans indicate in the budget blueprint that they plan to use an accounting method to score the cost of permanently extending Trump’s 2017 tax cuts at $0, after it was estimated to cost $4.6 trillion in a letter Thursday by the nonpartisan Congressional Budget Office and Joint Committee on Taxation.
  • The plan allows for an additional $1.5 trillion in tax cuts on top of that
  • The budget plan also paves the way for $175 billion in new funding for immigration enforcement to carry out mass deportation
  • $150 billion increase to military spending (a ~18% increase)
  • Nightwingdragon@lemmy.worldEnglish
    26·
    2 days ago

    Republicans: “Trump’s tariffs are a tax on American consumers and are a bad idea that I am against.”

    Also Republicans: passes Trump’s budget