US Senate Republicans pass measure to move forward on Trump’s tax cuts

#Senate #Republicans #pass #measure #move #Trumps #tax #cuts

WASHINGTON: The US Senate approved the Republican Budget Blue Print early Saturday, which aims to expand President Donald Trump’s 2017 tax deduction and reduce government spending.

After the last night’s legislative meeting, in the votes of 51-48, a plan called Budget Reconciliation has been opened, which will allow the Republican Senate to ignore Flabster. This is a rule that mostly enforce the 60th white limit on legislation.

“Tonight, the Senate took a small step towards reconciliation and made a huge jump towards making tax deductions permanent, secured the border, provided very important support to the army, and finally reduced Washington’s waste,” said Lindsay Graham, chairman of the Senate Budget Committee.

Two Republicans – Senators Susan Collins and Rand Paul – joined the Democrats in opposition to the move.

The Senate’s move sent the move to the Republican -led House of Representatives, which is expected to increase next week.

Neutral analysts say if Trump’s agenda has been implemented, the federal government will raise about $ 7.7 trillion in the next decade. Senate Republicans say the cost is $ 1.5 trillion, which states that the impact of expanding the current tax policy that ended later this year.

The move also aims to raise the federal government’s loan limit to $ 5 trillion, Congress has to take a summer step or risk the default in a $ 36.6 trillion debt. Its purpose is to partially meet the costs of increasing tax deductions by reduction in costs. Democrats have warned that Republican goals will affect the Medicated Health Insurance Program for low -income Americans.

Republicans warned that the expiry of 2017 tax deductions would be allowed to severely damage the Americans, which would increase the tax on average taxpayers by 22 %. Cutting, Trump’s acquisition of signed legislation in his first term reduced the high corporate tax rate by 35 %, a move that will not expire.

The remaining deductions were designed for individual Americans to expire, a decision was decided to limit the impact of the 2017 bill deficit.

“Donald Trump has betrayed the American people. Tonight, the Senate Republicans joined him in the fraud. In voting for the bill, the Senate Republicans, with the full popularity of Donald Trump, supported the billionaires against the middle class,” said the newly -vicinity.

The execution of the debate that began late Thursday was a cruel sale of stock market sales after Trump’s new trade prices, which economists warned that prices would rise and recession could be mobilized.

Some Republicans said that if market weakness continues, economic uncertainty could reduce the path to Trump’s agenda.

“My concern is that if we are talking like today in three weeks today, then it will be big that we will reduce what we try to do,” Republican Senator Thoma Tles told reporters.

During the six-hour “vote-ram” meeting to consider the amendments, the Senate Republicans changed the blueprint to include a neutral reserve fund to help protect the medical health care program for the medical and the elderly.

Republicans also removed dozens of democratic amendments aimed at saving Trump’s trade taxes and protecting medical, medical, low -income women and children for nutritional support, social security retirement system, the benefits of veterans and other government aid.

Republican Senators Lisa Mercosky, Josh Holly and Collins supported democratic measures to protect social security net programs, but their support was not enough.

If House Republicans take their way, Congress can implement $ 2 trillion in expenses by rehabilitation of medical and food assistance programs and eliminating environmental policies.

The budget map will also have the capacity of the fund management efforts to significantly enhance the exile of immigrants and strengthen US military preparations with the US border with Mexico, the fund management efforts along the US border.