House GOP Advances Trump Budget Bill Amid Spending Cut Disputes
House GOP Advances Trump Budget Bill Amid Spending Cut Disputes

House GOP Advances Trump Budget Bill Amid Spending Cut Disputes

News summary

President Donald Trump and congressional Republicans are pushing a major tax and spending bill aimed at preventing what they call the largest tax increase in U.S. history, while delivering financial relief and economic growth to Americans. GOP leaders, including House Speaker Mike Johnson and Rep. Ryan Zinke, emphasize the bill’s focus on eliminating fraud, waste, and abuse in social programs, while protecting those legitimately in need. Republican National Committee Chair Michael Whatley highlighted strong public support for the bill, with polls showing around 80% of Americans favoring the extension of Trump-era tax cuts, and stressed the bill also includes provisions for border security and defense spending. Economic advisers like Stephen Miran project that the bill could raise take-home pay for a typical family by $8,000 to $13,000 over several years, boost GDP by 4.2 to 5.2%, and create 7 million new jobs, warning that failure to pass it could lead to a historic $4 trillion tax hike and recession. While some Republicans seek deeper spending cuts, ongoing negotiations have led to minor modifications intended to secure enough support for a House vote expected soon. Despite acknowledging imperfections, GOP lawmakers view the bill as a necessary step forward and a foundation for future legislative improvements.

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Last Updated
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