SOURCE:
[EXCERPT]
The budget measure calls for $4.5 trillion in tax cuts and a goal of $2 trillion in spending cuts. It includes more than $100 billion in new spending on immigration enforcement and the military.
It also requires the House Energy and Commerce Committee to find $880 billion in cuts to federal programs, and Republicans say some of that will come from reducing spending on Medicaid. And it raises the debt limit by $4 trillion.
MORE HERE:
[EXCERPT]
The House passed a budget resolution on Tuesday evening in advance of the March 14 deadline to avoid a government shutdown.
The bill passed in a 217-215 vote with all but Republicans except Thomas Massie (Kentucky) voting in favor. Leading up to the vote, some swing-district Republicans expressed concerns about possible cuts to social programs, while others were hesitant about the potential to balloon the deficit.
Trump has dubbed the resolution, which would extend tax cuts from the 2017 Tax Cuts and Jobs Act, and remove taxes on overtime wages, tips and Social Security benefits, a “big, beautiful bill.”
With the passage of the bill, a reconciliation process will start where House committees will cut or increase spending while trying to offset the trillions of dollars that tax cuts are predicted to add to the national debt. The process also restricts amendments and avoids a Senate filibuster from Democrats.