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tax cuts

House narrowly passes GOP budget blueprint, setting up battle over spending cuts and tax breaks

House narrowly passes GOP budget blueprint, setting up battle over spending cuts and tax breaks

The House on Tuesday narrowly approved a Republican budget resolution, passing 217-215 along nearly party lines, setting the stage for a contentious battle over federal spending reductions and sweeping tax cuts aligned with President Trump’s economic agenda, reports the New York Times and Wall Street Journal. The resolution proposes

GOP budget plan advances, but tax and spending battles loom

GOP budget plan advances, but tax and spending battles loom

Senate Republicans passed a budget resolution Friday, prioritizing national security spending but punting major decisions on tax cuts and spending reductions, leaving uncertainty about the fate of President Donald Trump’s broader fiscal agenda, reports the New York Times. The Senate’s budget blueprint, approved 52-48, authorizes $150 billion in