House and Senate Republicans Advance Competing Budget Plans
GOP lawmakers in both chambers push forward differing frameworks to enact Trump's policy agenda, with key votes expected soon.
- The Senate is expected to vote next week on a budget resolution prioritizing $175 billion for border security and $150 billion for defense spending.
- House Republicans approved a budget resolution in committee, featuring $1.5 trillion in spending cuts, $4.5 trillion in tax cuts, and a $4 trillion debt ceiling increase.
- The House plan includes a mechanism to adjust tax cuts based on achieving $2 trillion in federal cost savings over 10 years, addressing concerns from fiscal conservatives.
- Senate Republicans favor a two-bill approach, separating border and defense funding from tax reforms, while House Republicans advocate for a single comprehensive package.
- Both chambers must reconcile their differing plans to unlock the reconciliation process, enabling passage of Trump's agenda without Democratic support.