House Republicans Will Vote Again on Trump’s ‘Big, Beautiful Bill’
A group of fiscal hard-liners on the Budget Committee blocked the bill Friday morning. The group will try again to pass the president’s megabill out of committee Sunday night.
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A group of fiscal hard-liners on the Budget Committee blocked the bill Friday morning. The group will try again to pass the president’s megabill out of committee Sunday night.
Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.
House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures that would last just for President Trump’s term.
The president is said to want to create a new top income bracket for people making more than $2.5 million per year and to tax income above that level at a rate of 39.6 percent.
House Republicans are planning to include several of President Trump’s campaign promises in the first draft of the bill, which they hope to release soon.
A draft document outlines steep cuts or the elimination of funding for programs that provide child care, housing assistance, foreign aid and health research.
Senate Republicans are hoping to ice Democrats out from deciding the fate of President Trump’s 2017 tax cuts, a move that Democrats could eventually use against them.
With Republicans driving toward a vote on their tax and spending cut blueprint, Democrats plan to force them to cast politically painful votes on every element of President Trump’s agenda.
Senate G.O.P. leaders are planning to use what is known as the “nuclear option” to steer around the Senate’s in-house referee and allow the use of a gimmick that makes trillions of dollars in tax cuts appear to be free.
The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.