Particle.news
Download on the App Store
97 ARTICLES
·
2mo ago

House Narrowly Passes GOP Budget Plan Advancing Trump’s Agenda

The 217-215 vote unlocks the reconciliation process for a $4.5 trillion tax cut package and $2 trillion in spending reductions, despite internal GOP divisions and Democratic opposition.

Mike Johnson at the U.S. Capitol on Feb. 24, 2025.
Speaker of the House Mike Johnson (R-LA) speaks with reporters as he walks to the House Chamber from his office at the U.S. Capitol on February 24, 2025 in Washington, DC.
Speaker of the House Mike Johnson (R-LA) reutrns to his office from the House Chamber at the U.S. Capitol on February 24, 2025 in Washington, DC.
Image

Overview

  • The House approved the GOP budget resolution by a razor-thin margin, with all Democrats and one Republican voting against it, advancing Trump’s legislative priorities to the Senate.
  • The resolution sets the stage for a reconciliation process to extend Trump’s 2017 tax cuts, allocate $300 billion for defense and border security, and cut federal spending by $2 trillion over 10 years.
  • Key Republican holdouts were swayed after intense negotiations, though concerns remain over potential Medicaid cuts and the plan’s projected $3 trillion deficit increase over the next decade.
  • Democrats strongly opposed the resolution, citing fears of cuts to Medicaid, food assistance, and other social programs, while GOP leadership emphasized that specific cuts are not mandated in the resolution.
  • The Senate has already passed a scaled-down version focusing on border security and defense funding, setting up complex negotiations between the chambers in the weeks ahead.