The Investor Manifesto
Advertisement
  • Business
  • Politics
  • Investing
  • Stocks
No Result
View All Result
  • Business
  • Politics
  • Investing
  • Stocks
No Result
View All Result
The Investor Manifesto
No Result
View All Result
Home Politics

Senate GOP pushes Trump budget framework through after marathon vote series

April 5, 2025
in Politics
Senate GOP pushes Trump budget framework through after marathon vote series
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

The Senate approved changes to the House’s budget resolution on Saturday after an hourslong series of amendment votes during which Democrats sought to put Republicans on record on issues like tariffs and the Department of Government Efficiency (DOGE). 

It passed mostly along party lines in a 51 to 48 vote.

The amended framework would raise the debt ceiling by up to $5 trillion within the reconciliation process, taking future leverage away from Senate Democrats. It would also make President Trump’s 2017 tax cuts permanent by using what’s called a current policy baseline that Budget Committee Chairman Lindsey Graham, R-S.C., decides.

The scoring tool essentially means the cost of making Trump’s tax cuts permanent would be factored at $0 because it extends current policy, rather than counting it as new dollars being added to the federal deficit.

Budget reconciliation lowers the vote threshold in the Senate from 60 to 51, which lets Republicans approve certain priorities with no Democrat support. 

Washington’s Republican trifecta thus sees reconciliation as a key tool for delivering on Trump agenda items. 

The Senate’s Friday night ‘vote-a-rama’ was triggered by the chamber agreeing to a motion to proceed to the budget resolution amendment on Thursday night. Nearly a day of debate followed before the vote series was initiated.

During this type of voting series, senators of both parties can introduce an unlimited number of amendments, and many get floor votes.

The budget would address border funding for the Trump administration as well as extend the hallmark tax cuts Trump passed in 2017. 

Initially, there was stark disagreement between Republicans in the House and Senate on how to organize a budget reconciliation resolution. The House GOP leaders preferred one bill with both the border and taxes included, while those in the Senate wanted to have two separate resolutions for them. 

But the House’s approach ultimately won out, with Trump supporting their plan. 

This post appeared first on FOX NEWS

Previous Post

South Korea presidential ouster part of Chinese strategy to ‘expand its regional influence,’ expert says

Next Post

Demystifying Tariff Impact: Essential Insights for Every Investor

Next Post
Demystifying Tariff Impact: Essential Insights for Every Investor

Demystifying Tariff Impact: Essential Insights for Every Investor

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Is a Bold Rotation Brewing in Healthcare and Biotech? Here’s What to Watch Now

    Is a Bold Rotation Brewing in Healthcare and Biotech? Here’s What to Watch Now

    June 14, 2025
    Bearish Divergence Suggests Caution For S&P 500

    Bearish Divergence Suggests Caution For S&P 500

    June 14, 2025
    Nearly half of Americans back Israeli airstrikes on Iran, poll shows

    Nearly half of Americans back Israeli airstrikes on Iran, poll shows

    June 14, 2025
    ‘All-in’: GOP lawmakers divided on US involvement as Trump pushes Iran for diplomatic end

    ‘All-in’: GOP lawmakers divided on US involvement as Trump pushes Iran for diplomatic end

    June 14, 2025
    Disclaimer: TheInvestorManifesto.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
    Business

    Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

    May 21, 2025

    Read more

    Recent News

    Is a Bold Rotation Brewing in Healthcare and Biotech? Here’s What to Watch Now

    Is a Bold Rotation Brewing in Healthcare and Biotech? Here’s What to Watch Now

    June 14, 2025
    Bearish Divergence Suggests Caution For S&P 500

    Bearish Divergence Suggests Caution For S&P 500

    June 14, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 theinvestormanifesto.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • Investing
    • Stocks

    Copyright © 2025 theinvestormanifesto.com | All Rights Reserved