Your current location is:{Current column} >>Text
Trump supports the tax cut plan, Senate budget blocked.
{Current column}49837People have watched
IntroductionRecently, U.S. President Donald Trump expressed his support for the House's proposed $4.5 trill ...

Recently, U.S. President Donald Trump expressed his support for the House's proposed $4.5 trillion tax cut plan. This statement complicates the Senate Republicans' plans for a budget vote. Trump's backing creates obstacles for Senate Republicans as they try to advance their budget proposal. Originally, the Senate intended to vote on a budget this week, which includes $150 billion in military spending and $175 billion in immigration and border enforcement expenditures. Senate Republicans prefer to pass these elements quickly to avoid any delay in decision-making.
However, Trump's statement supporting the House's budget proposal has intensified internal divisions over the budget plan. The House's budget proposal includes more tax cuts and federal spending reductions, sparking heated discussions within the Republican Party. Trump stated that the House budget plan needs approval from both chambers to initiate the budget reconciliation process and push forward with a more comprehensive budget plan.
Trump's intervention adds more uncertainty for Senate Republicans as they seek support. Senate Republican leader John Thune expressed surprise at this development but plans to continue with the scheduled voting. Thune believes that Trump's belated intervention will further complicate the agenda of Senate Republicans.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Investors pull $1.6 billion from Binance after CFTC lawsuit By Reuters
{Current column}By Elizabeth HowcroftLONDON (Reuters) - Investors withdrew $1.6 billion of cryptocurrency from crypt ...
Read moreAsian stocks shuffle higher as Pelosi presses on By Reuters
{Current column}© Reuters. A man walks under an electronic screen showing Japan's Nikkei share price index inside a ...
Read moreYellen Says Economy 'Resilient,' but Flags 'Too High' Inflation By
{Current column}© Reuters. By Yasin EbrahimFxgecko.com -- U.S. Treasury Secretary Janet Yellen on Thursday said ...
Read more
Popular Articles
- U.S. Republicans tee up debt
- Australia's central bank hikes rates, says policy not on pre
- British PM candidate Sunak vows 20% income tax cut by 2029 By Reuters
- InfyFx Trading Is Safe? Company Abbreviation InfyFx
- Israeli strikes target Hamas in Lebanon and Gaza after rocket attack By Reuters
- How To Profit In A Stagflationary World
Latest articles
-
Two people die, 10 hurt in Madrid restaurant blaze By Reuters
-
Did The FOMC Put A Bottom For The S&P 500?
-
Marketsyp500 Trading Is Safe? Company Abbreviation Marketsyp500
-
Can We Export Inflation?
-
Oil falls as investors worry over recession fears By Reuters
-
Dovish Messaging From FOMC Supports Risk Taking