House Passes $4.5 Trillion Tax Cut Blueprint

The House of Representatives approved a budget blueprint that outlines a $4.5 trillion tax cut intended to raise the debt ceiling by $4 trillion and implement $2 trillion in cuts to mandatory programs like Medicaid and food assistance. This plan, if passed by the Senate, would allow for a streamlined legislative process known as budget reconciliation, enabling it to pass with only 50 votes. The internal dynamics among House Republicans were tense, with moderates expressing concern over the reductions in social safety net programs, while conservatives pushed for deeper cuts. Dramatic lobbying from former President Trump was pivotal in rallying support from skeptical members, resulting in the successful passage of the initial budget resolution.