If passed, the package could become a hallmark of President Trump’s second term. But a number of obstacles remain ahead.
Senate Republicans have unveiled their proposed policy and budget package, setting up a fight with members of their own party and their House counterparts in a race to implement a key piece of President Trump’s legislative agenda.
Sen. Lindsey Graham, R-S.C., chairman of the Senate Budget Committee, released the 70-page Senate budget resolution text on Wednesday. Senators expect to start voting on the sweeping legislation by this weekend.
It would raise the country’s debt limit by $5 trillion to avoid a catastrophic financial default this summer, and make tax cuts that passed under Trump’s first term permanent. The House-passed $4.5 trillion Trump tax plan is included in the package.
«Today is one of the most important steps toward ensuring the Republican majority fulfills its promise to the American people that we will secure our border, strengthen our national security, make President Trump’s tax cuts permanent, and reduce spending», Graham said in statement.
If approved, the multitrillion-dollar plan could become a hallmark of Trump’s second term, reimagining the U.S. budget through defense, energy, immigration, and tax policy.
Senate Majority Leader John Thune, R-S.
