The Republican-controlled House Budget Committee voted to advance a budget blueprint that includes massive tax cuts and spending slashes. The budget calls for up to $4.5 trillion in new deficits through tax cuts, with $1.5 trillion in spending cuts. The resolution also includes $2 trillion in cuts to mandatory federal spending programs like Medicare and Medicaid. Democrats criticized the budget for harming the middle class and benefiting the wealthy. The Senate also approved a conflicting budget resolution.
Next steps for the GOP include writing and passing a comprehensive tax, border security, military, and energy policy bill. Conservatives are pushing for higher tax cuts but may face challenges finding enough cuts to meet their goals without affecting critical programs. Some Republicans are concerned about the substantial spending cuts and are pushing for clarity on the next steps, including addressing issues like the state and local tax deduction. It is uncertain whether the budget resolution leaves enough room for President Trump’s priorities, like ending taxes on tips and Social Security benefits. The challenge for Republicans will be to navigate potential disagreements and ensure that the final bill aligns with their objectives.
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