Senate Unveils Plan to Fast-Track Tax Cuts, Debt Limit Hike

Senate Republicans unveiled a budget blueprint designed to fast-track a renewal of President Donald Trump’s tax cuts and an increase to the nation’s borrowing limit, ahead of a planned vote on the resolution later this week.

The Senate plan will allow for a $4 trillion extension of Trump’s tax cuts and an additional $1.5 trillion in more tax reductions. The House plan called for $4.5 trillion in total cuts.