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House Republican factions were able to unite long enough to pass a budget bill that begins the long process of reconciliation and the realization of Trump’s massive agenda.
Asyoumightexpect,thebillhassomethingforeveryoneintheRepublicanParty.There’sa$4.5trillionextensionoftaxcutsandsomenewtaxcutsTrumphassuggested.Forthe“fiscalconservatives,”there’s$1.5trillioninspendingcutsoverthenextdecade.Thatamountofspendingcutswillprobablycomeupalittlebitshortofbalancingthebudget.SotheHousebillincludesraisingthedebtceilingby$4trillion.Thatincreaseisonlyexpectedtolastabout2years.
So,yeah,thereisgreatironyincallinganyRepublicana“fiscalconservative.”
Thecutinspendingisabout$1trillionlessthantheconservativefactionwantstospend,whilethetaxcutsareabout$1trillionless,whichwouldallowforextendingalltaxcutsthatareexpiringattheendoftheyear.TheextratrilliondollarswouldalsoallowforTrump’stax-freetips,overtimepay,andSocialSecurityplans.
I’msureifwekeepdigging,we’llfindaunic
