US Senators are scheduled to vote on a budget resolution to unlock trillions of dollars for tax cuts promised by President Donald Trump. This occurs amidst internal disputes among Republicans regarding the necessary savings to finance these cuts. The Senate and House Republicans disagree on the extent of spending cuts, with the Senate proposing $4 billion in savings, while the House seeks $1.5 trillion. The budget plan aims to extend Trump's first-term tax cuts and enhance border and energy security. The proposal also involves raising the country's borrowing limit by $5 trillion, postponing the need for another increase until after the 2026 midterm elections. Experts estimate the tax cuts could add over $5 trillion to the national debt over the next decade. If approved by the Senate, the plan requires House approval before reaching President Trump's desk before Congress's Easter break.
US Senate to Vote on Trump's Tax Cut Plan Amid Republican Infighting
Edited by: Katya Palm Beach
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