House GOP Budget: $4 Trillion Debt Ceiling Hike, Trillions in Tax and Spending Cuts
The House released a budget resolution proposing $4.5 trillion in tax cuts, $2 trillion in mandatory spending cuts, and a $4 trillion debt ceiling increase, aiming to enact President Trump’s agenda. This action follows delays in the House due to internal disagreements, prompting the Senate to concurrently develop its own proposal. Speaker Johnson emphasized the House’s commitment to the President’s complete agenda, while Senate Republicans, led by Senator Graham, advocate for a two-part approach to expedite the process, prioritizing immediate action on border security, defense, and energy. Despite differing approaches, House Speaker Johnson and Senate Majority Leader Thune have reportedly coordinated their efforts.
John Q. Hosedrinker