Trump supports the tax cut plan, Senate budget blocked.

Recently,hco foreign exchange platform 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.