Thu Feb 27, 2025 AT 9:25 AM EST
Senate Republicans are working to ensure a permanent extension of President Donald Trump’s first-term tax cuts as they consider the budget plan the House passed on Tuesday.
Senate Republicans argued the debt ceiling in the House budget is not high enough to allow for a permanent extension of the 2017 tax cuts set to expire at the end of the year, while also accommodating the president’s other tax proposals like exempting tips, overtime pay, and Social Security benefits.
The House late Tuesday adopted a budget resolution that provides instructions to committees to craft a sweeping budget reconciliation package that will cut taxes and spending, raise the debt limit and address critical GOP priorities like border security, immigration enforcement, energy production and the national defense. Read Full Story