House GOP releases budget calling for trillions in cuts to taxes and spending
House Republicans released a budget resolution that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.
WASHINGTON — House Republicans released a budget resolution Wednesday that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.
The House Budget Committee is scheduled to consider the blueprint Thursday. If it's approved by the panel and the full House, the Republicans can get started on crafting a massive party-line bill to pass President Donald Trump's agenda.
On immigration and border security funding, a top Trump priority, the resolution would grant the Judiciary Committee, which oversees immigration policy, $110 billion.
That's less than the Senate budget resolution, which would grant the Judiciary Committee $175 billion for immigration enforcement.
The resolution also would raise the debt limit by $4 trillion ahead of an expected deadline later this year for Congress to act or risk an economically calamitous default on the country’s obligations.
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