GOP Budget Passes by Narrow Margin, Proposing $4 Trillion in Tax Cuts & $2 Trillion Spending Cuts 💰
The Republican-led House narrowly approved a budget resolution with significant tax and spending cuts, facing opposition from Democrats and one Republican. Learn what this means for future fiscal policy.
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A Republican budget resolution narrowly passed in the House by two votes on Tuesday. All Democrats and one Republican opposed it. The measure includes over $4 trillion in tax cuts, $2 trillion in spending cuts, and a $4 trillion debt limit increase. It also directs $100 billion toward immigration enforcement and the military while requiring over $800 billion in federal program cuts. Speaker Mike Johnson and President Donald Trump worked to secure GOP votes, flipping key holdouts. The resolution now moves to the Senate.
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Feb 26, 2025
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