• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Economy

Senate GOP pushes Trump budget framework through after marathon vote series

by April 5, 2025
by April 5, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Sec Hegseth to visit Panama after Trump’s demands for canal’s return
next post
South Korea presidential ouster part of Chinese strategy to ‘expand its regional influence,’ expert says

You may also like

Trump had very unexpected convo with Obama at...

10 reasons the DOJ and FBI face backlash...

‘Gut check time’: Dissent among Senate GOP ranks...

New book reveals what Obama and ‘conqueror’ Trump...

Trump cautioned Putin he would ‘bomb the s—‘...

I worked for the most successful third party...

Trump taps Sean Duffy to serve as interim...

Watchdog backs Rubio’s sanctions on UN official over...

Biden doctor pleads the Fifth in speedy House...

Far-left firebrand says she ‘never had a concern’...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Trump had very unexpected convo with Obama at Carter’s funeral: Book
    • 10 reasons the DOJ and FBI face backlash over Epstein files flop
    • ‘Gut check time’: Dissent among Senate GOP ranks threatens to reduce Trump’s spending cut demand
    • New book reveals what Obama and ‘conqueror’ Trump chatted about in viral moment during Carter’s funeral
    • Trump cautioned Putin he would ‘bomb the s—‘ out of Moscow if Russia invaded Ukraine, new book claims

    Categories

    • Economy (6,611)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,369)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.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.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock