GOP Sets Up High-Risk Gamble on Trump's Tax Cuts in Senate Budget Plan
Senate Republicans are setting up a major gamble to renew President Donald Trump's signature tax cuts later this year by adding them into their new budget plan. The move is seen as a high-risk strategy that could alienate moderate Democrats and jeopardize the plan's passage.
Senate Republicans are setting up a major gamble to renew President Donald Trump's signature tax cuts later this year by incorporating them into their new budget blueprint, which was unveiled on Wednesday and includes a mix of spending cuts and tax increases. The move is seen as a significant challenge for the GOP, with some lawmakers expressing concerns that it could alienate moderate Republicans and Democrats who oppose the tax cuts. The plan's fiscal implications are also uncertain, with some estimating it could add over $5 trillion to the national debt by 2026. If the plan passes, it would mark a major shift in the party's priorities and potentially set the stage for future budget battles.
