GOP senators push ahead on Trumps tax cuts package, punting big decisions for later
apnews.com
Senate Majority Leader John Thune, R-S.D., joined by Sen. John Barrasso, R-Wyo., the GOP whip, left, talks to reporters at the Capitol, in Washington, Tuesday, April 1, 2025. (AP Photo/J. Scott Applewhite)2025-04-02T04:04:30Z WASHINGTON (AP) Senate Republicans said they are pushing ahead on President Donald Trumpsbig bill of tax breaks and spending cuts this week, even though theyre punting some of the most difficult decisions including the costs and how to pay for the multitrillion-dollar package until later.The Senate GOPs budget framework would be the companion to the House Republicans $4.5 trillion tax cuts package that also calls for slashing some $2 trillion from health care and other programs. If the Senate can move the blueprint forward, it edges Trumps allies on Capitol Hill closer to a compromise setting the stage for a final product in the weeks ahead.Obviously we are hopeful this week we can get a budget resolution on the floor that will unlock the process, said Senate Majority Leader John Thune, R-S.D. And so we are continuing to move forward with that. While big differences remain, Republicans face increasing political pressure to deliver on what is expected to be Trumps signature domestic policy package extending the tax cuts, which were initially approved in 2017, during his first term at the White House. Those tax breaks expire at the end of the year, and Trump wants to expand them to include new no taxes on tipped wages, overtime pay and other earnings, as he promised on the campaign trail. Democrats are preparing to oppose the GOP tax plans as giveaways to the wealthy, coming as billionaire Elon Musks Department of Government Efficiency is taking a chainsaw to the federal government. They warn Republicans plan to slash government programs and services that millions of Americans depend on nationwide. We are standing together against the GOP tax scam and in defense of the American people, House Democratic leader Hakeem Jeffries said alongside others on the Capitol steps late Tuesday.One main sticking point between the House and Senate GOP plans has been over whether the existing tax cuts, which are estimated to cost the federal government $4.5 trillion over the decade in lost revenue, need to be paid for by spending reductions elsewhere. Adding Trumps new tax breaks to the package would balloon the price tag even higher. To offset the costs, House Republicans are demanding some $2 trillion in cuts to health care and other accounts to stem the nations federal deficits and prevent the nations $36 trillion debt load from skyrocketing.But GOP senators have a different approach. Senate Republicans take the view that since the tax cuts are already the current policy, they would not be new and would not need to be paid for. They want to use this current policy baseline moving forward, meaning only Trumps other proposed tax breaks would come with a new cost. They are expected to set much lower spending cuts as a floor that can be raised, if needed, to compromise with the Houses $2 trillion in cuts.Senate Minority Leader Chuck Schumer and top Democrats call the Senate GOPs approach a gimmick at best if not an outright lie.It is an obscene fraud and the American people wont stand for it, said Schumer, Sen. Jeff Merkley of the Budget Committee and Sen. Ron Wyden of the Finance Committee in a letter to GOP leadership. Democratic Sen. Cory Booker of New Jersey argued against the GOP baseline as a gimmick that would slash important federal services while growing deficits. What theyre investing in is bigger tax cuts for the wealthiest, Booker said during a landmark overnight speech. Treasury Secretary Scott Bessent and congressional GOP leaders have been meeting privately as Trumps priority package churns on Capitol Hill. At a meeting with other Senate Republicans late Monday at the Capitol, Bessent urged them to get it done.We just got to start voting, said Sen. John Cornyn, R-Texas, as he exited the Monday evening session. Treasury secretary made the point that this was something we needed to do and do it quickly, Cornyn said, adding the plan was for the Senate to launch the voting this week. Were going to grind through it. Typically, the current policy baseline proposal would need to pass the muster of the Senates nonpartisan parliamentarian, to make sure it abides by the strict rules of the budget process. Senators from both parties have been arguing in closed-door sessions with the parliamentarian staff for and against the idea. However, the GOP leaders say they dont necessarily need the Senate parliamentarian, at this point, to resolve the issue, and they believe the Senate Budget chairman, Sen. Lindsay Graham, R-S.C., should simply use his perch to allow their current policy baseline approach. What is more certain is that they want to move quickly this week to pass the framework. That will entail a lengthy all-night vote often called a vote-a-rama with consideration of various amendments and procedures that could drag into the weekend. Then, they will sort out the details later as the Republicans, facing Democratic opposition, build the actual package for consideration in the weeks if not months ahead.
0 Comments
·0 Shares
·70 Views
·0 Reviews