House Budget Committee Approves Trump Tax-Cut Bill
(MENAFN) A controversial tax-cut bill, spearheaded by U.S. President Donald Trump, has successfully cleared a critical congressional hurdle. The House Budget Committee approved the legislation in a close 17-16 vote, setting the stage for a full House vote.
The bill's advancement was secured after four conservative Republicans, who initially opposed the measure, opted to vote "present," effectively allowing it to proceed. The legislation features substantial increases in funding for immigration enforcement and the military, alongside an extension of Trump's 2017 tax cuts, scheduled to lapse at year's end.
Furthermore, the bill proposes significant reductions in programs such as Medicaid, food assistance, and clean energy initiatives.
Reports from U.S. media indicate that the bill faces potential revisions to secure passage in the full House. Senate Republicans have already signaled their intent to block the bill without substantial modifications.
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