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Trump hails budget vote as paving way for 'biggest tax cuts in US history' | Trump hails budget vote as paving way for 'biggest tax cuts in US history' |
(35 minutes later) | |
Donald Trump has hailed a key Senate budget vote as paving the way for the biggest tax cuts in US history. | |
The Republican's nonbinding plan, which would see the huge cuts take effect over the next decade, cleared the first hurdle in the Senate in a vote on Thursday by 51-49. | The Republican's nonbinding plan, which would see the huge cuts take effect over the next decade, cleared the first hurdle in the Senate in a vote on Thursday by 51-49. |
Mr Trump tweeted that the measure "got ZERO Democrat votes with only Rand Paul (he will vote for Tax Cuts) voting against". | |
"This now allows for the passage of large scale Tax Cuts (and Reform), which will be the biggest in the history of our country!" he said. | |
Once the budget plan passes through Congress, the House and Senate can bring forward a follow-up tax plan without fear of it being blocked by Democrats in the Senate. | Once the budget plan passes through Congress, the House and Senate can bring forward a follow-up tax plan without fear of it being blocked by Democrats in the Senate. |
The budget plan calls for $5tn in spending cuts over the decade, including cuts to Medicare, Medicaid and the Obama-era healthcare law, though Republicans have no plans to actually impose those cuts with follow-up legislation. | |
It would also permit Republicans to pass follow-up tax cuts later this year that would cost up to $1.5tn by 2027. | |
Additional reporting AP | |
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