Kevin Brady

Senate Republicans approve budget with $1.5-trillion deficit to pay for Trump's tax cuts

Senate Republicans approve budget with $1.5-trillion deficit to pay for Trump's tax cuts

Senate Republicans overcame internal divisions late Thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow for President Trump’s proposed tax cuts.

Passage of the GOP’s budget blueprint is a largely symbolic exercise, but it sets the stage for smoother passage of Trump’s upcoming tax cuts. It will include special instructions that allow for passage of a tax plan by a simple majority, without threat of a Senate filibuster to block it.

At the White House, Trump had been confident of the result earlier in the day and predicted it was a sign that his tax plan would also succeed. “Frankly, I think we have the votes for the tax cuts,...

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