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Senate Budget Vote Leaves Hurdles For Trump Tax Cuts, Debt Limit

The budget plan the Senate passed before dawn on Friday leaves large hurdles for President Donald Trump’s tax cut agenda and for raising the debt ceiling before a possible payments default in the summer.



The Senate recently passed a budget plan that complicates President Trump's tax cut agenda and raises concerns about the debt ceiling. The plan allocates $340 billion for military and border security, differing from the House's more ambitious proposal. While Trump supports the House's $4.5 trillion tax cut plan, the Senate proceeded with their narrower approach, emphasizing quick action on tax policy and immigration funding. The House faces internal divisions, with moderates opposing anti-poverty cuts and conservatives seeking deeper reductions. Despite Trump's goal to balance the budget, the House plan would increase deficits by $3 trillion over a decade. Senate Republicans aim for larger tax cuts without deeper spending, while Democrats criticize the plan for harming low-income programs. Bipartisan talks are nearing completion, but challenges remain.

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