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House GOP Spending Plan Advances – Extends Tax Cuts, Lays Out Funding Plan Trump’s Border, Defense, And Energy Policies

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The House Budget Committee voted to proceed with a $4.5 budget resolution.

The resolution introduces a funding plan for Trump's border, defense and energy policy.

The Donald Trump tax cut, which was signed in 2017, will also be extended by 10 years.

Center Square reported:

After more than 10 hours of discussion, the House Budget Committee voted along the party line on Thursday night, moving forward with a $4.5 trillion budget resolution bringing a financial plan for President Donald Trump's border, defense and energy policy. I did.

It also extends Trump's 2017 tax cuts for the next decade, adding at least $2 trillion to the federal deficit, even as America experiences strong economic growth.

House Budget Committee Chairman Jodie Arlington, R-Texas, told lawmakers the resolution is “a blueprint for restoring the security, prosperity and leadership of America around the world.”

“This settlement process is more than just an exercise in matching revenues with spending,” Arlington said. “More importantly, it reconciliates the differences with the federal government, which has lost its interests, expectations, values ​​and paths of Americans and has forgotten who it serves, often faithfully and fair. And failed to run efficiently. Land.”

To partially house the large price tag, the House budget resolution will increase the debt cap by $4 trillion and direct Congressional committees to find at least $1.5 trillion in spending cuts over the next decade. That amounts to around $150 billion a year.

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