Washington – After a long wait, the Senate begins the actions of President Donald Trump’s “big, beautiful bill” on tax breaks and cost cuts at risk for the US and the global economy.
More than a month after the House Republicans surprised Washington by advanced their $ 4.5 trillion frame tax reliefs for Trump and $ 2 trillion dollars, Senate Republicans voted on Thursday to start working on their version. To a large extent, the vote of the party, 52-48, lays the basis for a potential senate on Friday, which spills over the weekend.
But working on the reusable dollar package comes, as markets at home and abroad are an advantage in the scheme of Trump’s huge tariffs, complicating the already difficult political and procedural enterprise for what the hope of Republicans will become their internal signature policy.
The leader of the Senate’s majority John Tun, Rs.D., opened the House on Thursday, saying they were expected to be ready to start.
Trump says he is on board with the plan and Republicans controlled by Congress are ready to show that the party is making progress to fulfilling its promise for the campaign. Until the night when the vote began, a Republican, Libertarian Senator Rand Paul of Kentucky, voted against, as well as all Democrats.
Democrats as a minority party have no votes to stop GOP’s plan. But they intend to use the procedural tools that are available to extend the process. Democrats claim that Republicans focus on tax reliefs on the wealthy at the expense of programs and services that millions of Americans rely on health care, children, school lunches and other daily needs.
“They are evil, they are nasty, they are obscene,” Senate leader Chuck Sumer said for Republicans. “We will show exactly who they are tonight and tomorrow.”
The Senate Democrats began to consume up to 25 hours of their available debate time, holding the floor at night and railings against potential GOP cuts to Medicaid, veteran programs, Doge cuts and Trump’s tariffs.
Senator Jeff Merkli of Oregon, the ranking of Democrats in the budget committee, repeated a slogan that he shares: “Families lose and billionaires win.”
“This,” he said, “is the republican plan.”
Mainly for the hay package, he makes sure that the Trump taxes have been reduced, which must expire at the end of the year, continue and have made a constant attachment of the tax code. Senators will also consider adding Trump reduction taxes, social security income, and more.
The Senate package will also increase the border security funds by about $ 175 billion to carry out Trump deportation campaign, which does not reach cash, and will add national security funds for the Pentagon – all the GOP Senate has entered into a larger version, which was panorant.
Republican senator John Baraso of Wyoming, the party whip, said that without reducing the actions tax would expire, becoming an increase in tax to $ 4 trillion to Americans. “Republicans are focused on the return of America on the way,” he said.
The thing is how everything will be paid, since the Republican Hawks deficit usually requires costs to help relieve lost tax revenue and avoid the accumulation of a $ 36 trillion load.
While House Republicans approved their $ 4.5 trillion package tax breaks and up to $ 2 trillion costs, Senate Republicans are being applied differently.
The chairman of the Senate Budget Committee Lindsay Graham makes the case that since Trump’s existing tax reliefs are this policy, they are not considered new and it is not necessary to compensate for the reduction of expenses – an approach that Democrats are compared to the “nuclear” to the normal rules.
Instead, the Senate Republicans are considering compensation for any new Trump tax relief. Increasing the alarms from the most conservative budget hawks, senators have set a floor of about $ 4 billion in health budget reductions and other programs-a private price of $ 4 trillion plus for tax relief.
GOP leaders guarantee the hawks deficit in their own ranks, for which legislation says cuts can increase to $ 2 trillion.
After an expected vote on Friday night, with dozens of changes being offered on the package, senators plan to stay on Saturday if necessary to conduct a final vote to approve it by sending it to the Chamber of Action.
In the end, the Chamber and the Senate will have to combine their frames into the end product expected in May, but the intention of speaker Mike Johnson should be enveloped from the day of memory may be optimistic.
The political environment is uncertain and the public’s appetite for steep budget cuts is tested in real time, with the Ministry of Trump’s Ministry of Government headed by billionaire Elon Musk, which blazes through federal services, dismissing thousand Projects-from scientific research projects for diseases of educational services for school children of schools for school children who help offices that help social services, tax salts and at school.
At the same time, the most stable fiscal conservatives, both in the Chamber and in the Senate, many, aligned with the cause of freedom, are pushing for even more redundancies.
Trump told the senators publicly and privately this week that there would be a back, especially as far as the cost reductions were asserted. In the White House, announcing the tariffs on Wednesday, Trump said the Senate plan had its “full and full support”.
The steep tariffs of the president threw the global economy in the tail on Thursday, with stocks around the world, US markets running along the way.
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Associated Press Writers Lia Askariname and Kevin Frake have contributed to this report.
