The U.S. Senate passed a Republican budget blueprint last Saturday aiming to extend President Trump's 2017 tax cuts and significantly cut government spending. The Senate voted 51:48 to pass the "budget settlement" move, which would allow Republicans to bypass the filibusters that the Senate needs 60 votes to support, and could pass Trump's tax, border security and military priorities later this year without Democrats voted for. The bill will be submitted to the Republican-led House of Representatives, which is expected to be considered this week. Nonpartisan analysts say that if Trump's agenda is passed, it will add about $5.7 trillion in federal government debt over the next decade. Senate Republicans believe the measure costs $1.5 trillion and said the impact of extending existing tax policies that were scheduled to expire at the end of this year should not be included in the cost of the measure.
U.S. Senate passes Republican budget blueprint
数字货币大师
04-07 06:59
Follow
DisclaimerAll content on this website, hyperlinks, related applications, forums, blog media accounts, and other platforms published by users are sourced from third-party platforms and platform users. BiJieWang makes no warranties of any kind regarding the website and its content. All blockchain-related data and other content on the website are for user learning and research purposes only, and do not constitute investment, legal, or any other professional advice. Any content published by BiJieWang users or other third-party platforms is the sole responsibility of the individual, and has nothing to do with BiJieWang. BiJieWang is not responsible for any losses arising from the use of information on this website. You should use the related data and content with caution and bear all risks associated with it. We strongly recommend that you independently research, review, analyze, and verify the content.
Open the app to read more news
No comments yet