The Republican-led House Budget Committee has advanced a "fiscal framework" that calls for $4.5 trillion in tax cuts, NBC News and Politico reported late Thursday.
And at least one Democrat was livid.
The vote came along party lines 21-16, according to the report. The budget resolution now heads to the full House where Republicans hold a razor-thin margin.
The blueprint calls for up to $4.5 trillion in tax reductions, aimed at extending Trump's 2017 tax law and implementing additional components of his tax strategy. The budget stipulates that at least $1.5 trillion in spending must be reduced over the next decade.
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The bill also calls for mandatory spending cuts, requiring $2 trillion in cuts to programs including Medicare, Medicaid, and SNAP benefits.
Additionally, the bill calls for additional spending — including provisions for up to $300 billion in new border and defense spending — and allowing Republicans to raise the debt limit by $4 trillion, providing a roughly two-year extension.
The budget resolution notably includes flexibility to increase tax cuts if deficit reduction exceeds $2 trillion. If Republicans fail to find $2 trillion in cuts, they will need to limit tax reductions to below $4.5 trillion.
Rep. Jodey Arrington (R-TX), the Budget Committee chair, told NBC News the budget resolution provides the "fiscal framework for what will be one of the most consequential pieces of legislation in modern history and the principal legislative vehicle for delivering on President Trump’s America First agenda,”
"The era of wasteful, woke, and weaponized government is over," he said.
After the bill passed, Arrington said: “It’s time to meet this generational moment and join President Trump in making the tough decisions that preserve our republic for our children and grandchildren. This is our last, best shot to do it.”
Democrats weren't as optimistic.
“This budget rips healthcare away from millions while handing out $4.5 trillion in tax breaks, the overwhelming majority of which go to billionaires and wealthy corporations,” Rep. Brendan Boyle (D-PA), the top Democrat on the Budget panel, told NBC News. “It slashes at least $230 billion from food assistance programs, at a time when grocery prices remain at record highs. And it proposes, and I hope every American listens to this, it proposes at least $880 billion in cuts to Medicaid and the Affordable Care Act. ... All so billionaires can get even a bigger tax cut that they don’t need, and the hardworking people in this country can’t afford to give them.”
