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Senate budget blueprint empowers GOP chair to decide if Trump tax cuts add to deficit

Senate Republicans are looking to change how extending Trump's 2017 tax cuts will affect future federal deficits, with projections indicating a nearly $4 trillion increase over a decade by the Congressional Budget Office.
Democrats accuse Republicans of violating Senate rules by allowing the Senate Budget Committee Chairman to select a scoring baseline that shows no deficit impact.
Senate Democratic leader Chuck Schumer expressed frustration, stating that Republicans are 'blowing up the institution's rules' and referring to the change as an 'accounting gimmick.'
President Donald Trump supports the Senate's budget plan and emphasizes the need for unity among Republicans to pass the measures swiftly.

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atr.org

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ATR's Norquist Backs Senate Budget Resolution Paving the Way for Permanent Tax Cuts - Americans for Tax Reform

The Senate took a crucial step towards enacting President Trump’s agenda of permanent, pro-growth tax cuts by releasing its budget resolution on Wednesday. Grover Norquist, President of Americans for Tax Reform, released the following statement in support of the Senate’s budget plan: Americans for Tax Reform strongly supports the Senate budget plan and encourages all members of the Senate to vote in favor of the resolution. The Senate budget re…

3 hours ago

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The Center Square

+12 Reposted by 12 other sources

Lean Right

Senate Republicans to vote on budget plan permanently extending Trump tax cuts

(The Center Square) – Through a newly-introduced amendment, Senate leaders have found a way to move the House’s budget resolution forward and make President Donald Trump’s 2017 tax cuts permanent.

4 hours ago·United States

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Talking Points Memo

Left

‘They’re Engaged In Trickery’: What Sen Republicans Are Actually Trying To Do With Their Tax Cut Magic Math

Senate Republican leadership released the legislative text for their second attempt at a budget resolution Wednesday afternoon, signaling that despite several…

4 hours ago·United States

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Yeshiva World News

Lean Right

GOP Seeks Budget Rule Change to Extend Trump Tax Cuts Without Adding to Deficit

An obscure but consequential bookkeeping matter has become the latest flashpoint in Congress as Republicans labor to enact President Donald Trump’s sprawling tax cut agenda. Senate Republicans are looking to change how extending many of Trump’s 2017 tax cuts would be scored when it comes to future federal deficits. The Congressional Budget Office has projected that extending the cuts would increase deficits by nearly $4 trillion over the coming …

5 hours ago

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protrumpnews.com

+3 Reposted by 3 other sources

Far Right

“We Need To Pass It IMMEDIATELY!” – Trump Backs GOP Senate Budget Blueprint

Senate Republicans released a new budget blueprint. NBC News wrote, “They hope to adopt the plan in the coming days to instruct committees to begin work a massive bill to pass Trump’s agenda on taxes, immigration funding and other priorities. ” NBC News reported: Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts perma…

10 hours ago

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Latin Times

Lean Left

Senate GOP's Budget Plan: $1.5T In Tax Cuts, $5T Debt Limit Hike—What You Need To Know

Republicans are using the accounting method called the "current policy baseline" to show that extending Trump's tax cuts would cost nothing. Democrats strongly oppose this, calling it "magic math" because it hides the true cost, which could be in the trillions.

10 hours ago

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