Worthy Christian News » US News » House backs $4T budget, faces challenges on Trump tax plan


House backs $4T budget, faces challenges on Trump tax plan

Friday, October 27, 2017 | Tag Cloud Tags: , , , , , ,

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(Worthy News) - Republicans powered a $4 trillion budget through the House on Thursday by a razor-thin margin, a close vote underscoring the difficulties that lie ahead in delivering President Donald Trump’s promise to cut taxes.

For now, Republicans sidestepped divisions within the party by voting 216-212 to permit them to begin work on a $1.5 trillion tax cut without fear of blocking tactics by Democrats. The legislative landscape is strewn with land mines, however, as GOP tax-writers pick winners and losers among interest groups, business sectors and rank-and-file voters.

The tax bill is the top item on the GOP agenda and would be Trump’s first big win in Congress. Republicans hope it would provide a much-needed jolt for the party’s political fortunes in advance of next year’s midterm elections. Republicans view passage of the upcoming tax measure as a once-in-a-generation opportunity, and its importance has only grown since the party’s debacle on health care. [ Source: AP (Read More...) ]

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Worthy Christian News » US News » House backs $4T budget, faces challenges on Trump tax plan

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Worthy Christian News » US News » House backs $4T budget, faces challenges on Trump tax plan