House Republicans Pass Budget Aligned With Trump’s Agenda
House Republicans have successfully passed a budget that closely aligns with former President Donald Trump's economic agenda, marking a significant step in their legislative efforts. The budget, which passed with a narrow margin, focuses on tax cuts, increased defense spending, and reductions in social welfare programs, reflecting Trump's priorities during his presidency.
The vote, which took place amidst intense pressure from Trump and his allies, underscores the continued influence of the former president within the Republican Party. Critics argue that the budget could exacerbate the national deficit, a concern echoed by some moderate Republicans who nonetheless voted in favor due to party loyalty.
The passage of this budget is seen as a strategic move by House Republicans to solidify their stance ahead of upcoming elections, signaling their commitment to Trump's policies. Democrats have vehemently opposed the budget, labeling it as detrimental to the middle and lower-income families, and have promised to challenge it in the Senate.
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Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes, further ...
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