Taxation and Federal Spending

Trump budget bill with $4.5T in tax cuts survives key hurdle

House GOP panel passes budget blueprint with $4.5 trillion in tax cuts and steep spending reductions

The Republican-led Budget Committee approved a sweeping proposal to unlock Trump's agenda, sending it to the full House.

Hosted on MSN · 8h

Trump budget bill with $4.5T in tax cuts survives key hurdle despite House GOP infighting

A mammoth bill advancing a broad range of President Donald Trump’s policy goals survived a key hurdle on Thursday, putting Republicans closer to their goal of passing a bill by sometime in May. The legislation passed the House Budget Committee on a party-line 21 to 16 vote and is expected to be taken up by the entire chamber for a floor vote later this month.

Mother Jones · 1d

House Republicans Aim to Gut Spending and Cut Taxes (Mainly for the Rich) by $4.5 Trillion

The budget resolution released Wednesday by the House Republican caucus contains no concrete details, but it codifies a GOP strategy that should surprise absolutely no one.

12hon MSN

GOP moves step closer to major tax overhaul as panel passes budget resolution

The extra priorities the White House has outlined include eliminating taxes on tips, ending taxes on Social Security, ...

Trump is pushing boundaries to cut federal spending. So did Nixon.

The U.S. shrugged when Thomas Jefferson blocked funding for a program he hated. Richard Nixon did the same with programs he ...

1don MSN

In Congress, what’s the difference between a budget resolution, reconciliation and spending bills?

There’s understandable confusion over Capitol Hill lingo discussing the budget process and appropriations/spending process — ...

Speaker Johnson says tax cuts will be offset with spending cuts

House Speaker Mike Johnson said Sunday that Republicans will find spending cuts to offset President Trump’s push for tax cuts, which a nonpartisan budget analysis estimates will cost at least $5 ...

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