6 Senate Republicans who could hold up Trump’s ‘big, beautiful bill’
- Senate Majority Leader John Thune, a Republican from South Dakota, can pass the proposed major legislation in 2025 with a simple majority vote through the budget reconciliation process.
- The bill proposes a decade-long continuation of major elements from the 2017 Tax Cuts and Jobs Act, aims to increase the borrowing limit by approximately $4 trillion, and encounters disagreement over a disputed accounting approach.
- This approach involves evaluating the bill based on an assessment that treats the extension of tax cuts as existing law, effectively nullifying its cost and enabling the inclusion of an extra $1.5 trillion in spending without increasing the official price tag.
- Maya MacGuineas called the plan 'nothing short of a fiscal failure' and criticized extending 2017 provisions to reduce cost estimates, while Stephen Miller called deficit warnings from the CBO a 'ludicrous theory.'
- Despite House passage, multiple Senate and House Republicans oppose the bill's baseline approach and lack of spending cuts, which could increase the national debt by at least $3.1 trillion by 2034.
83 Articles
83 Articles
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