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- US Senate Republicans pass comprehensive tax and spending reform plan with significant budgetary reductions
US Senate Republicans pass comprehensive tax and spending reform plan with significant budgetary reductions
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The United States Senate has approved a budgetary blueprint that extends trillions of dollars in tax breaks from President Donald Trump's 2017 tax cuts and cuts government spending. The vote was largely along party lines, with two Republican senators, Susan Collins and Rand Paul, dissenting. The budgetary framework paves the way for extending Trump-era tax cuts and overhauling the federal budget, despite the US economy experiencing uncertainty due to Trump's tariff scheme, which has sent stock prices plummeting.
But as Americans learn that Republicans are doing it simply to give tax cuts to the ultra-rich, an electric shock is going to go through the American people.
The Republican bill that now sits before the Senate is poison.
It fulfills our promises to secure the border, to rebuild our economy and to restore peace through strength.
sources
perspectives
countries
organizations
- 1.Republican Party
- 2.Democratic Party
- 3.Joint Committee on Taxation
- 4.Pentagon
- 5.Signal
- 6.Urban-Brookings Tax Policy Center
- 7.White House
persons
- 1.Donald Trump
- 2.Chuck Schumer
- 3.Rand Paul
- 4.John Barrasso
- 5.John Thune
- 6.Mike Johnson
- 7.Susan Collins
- 8.Bill Cassidy
- 9.Elon Musk
- 10.Jenipher Camino Gonzalez
- 11.Lindsay Graham