The US House transmits a budget permit to cut taxes and trillion costs

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The US House has adopted a budget resolution that requires trillion taxes and costs, in a significant victory of President Donald Trump when he seeks to make broad changes in fiscal policy.

The resolution adopted 217 votes up to 215 after the campaign of the Speaker of the House of Representatives, Mike Johnson to push the national content to support Trump’s “Big Big Bill”.

The bill, which will launch another round of budget conversations in the Senate, proposes 4.5 tons to reduce taxes, about 2 -year costs and allocation of hundreds of billion dollars more for military and border security over the decade.

“Today, the House of Representatives has moved to Congress closer to the delivery of the President Trump – not only its parts,” the Republican leaders of the House of Representatives said.

As the Republicans keep such a razor in the house, even a small number of votes of dissenters within the party endangered the adoption of the bill.

Three Republican chambers – Tim Berchet, Victoria Sports and Warren Davidson – noted that they would vote against it, but everyone was in line for the speaker. Thomas Massi was the only Republican who voted against it. Prior to the voting, the mass was published on X: “If the Republican budget passes, the deficit is deteriorating, not better.”

Budgets are irresistible resolutions that outline the financial goals. They signal the Congress Committee how much to increase or cut costs, but do not teach specific programs that should be directed.

Once the Senate transmits the budget, Republicans in Congress can begin the process known as “reconciliation” and ultimately adopt legislation without democratic support, which extend the tax reduction adopted during the first term of Trump in 2017.

The bill instructs the Home Energy and Trade Committee to reduce the cost of $ 880 billion, which is widely regarded as the orientation of Medicaid health insurance for low -income Americans. Similarly, the call for the Agricultural Committee to reduce the cost of $ 230 billion is aimed at the food assistance scheme called the Food Aid Program.

According to the non -party committee on the responsible federal budget, new measures will add at least 2.8 tn to the deficit by 2034.

“It is really impossible that, when faced with a multimillion-dollar deficiency and a debt to record highs, legislators’ response is to transfer a budget that allows itself to add trillion more debt over the next decade,” said Maya McGineas, president of the committee.

But Joshua Bolten, CEO of the leading group Business Roundable, applauded “the House for promoting the budget resolution of 2025. Voting the House marks the main moment in the work of the Congress on Defense and Improving the Economic Promotions, which are delivered for US business, workers and seven ‘ Yu “.

The House’s budget will also lead to $ 4TN debt, which temporarily delete the default debt.

Democrats described the budget as “shame”. Leaders of the new democratic coalition, a group of moderate democratic legislators, said: “This is betraying working families, reducing the funding of critical programs for which they are counting to help pay the bills and store food on the table, and all, lining the pockets of the republican megabiller, such donors, Like Elon Musk, with trillion dollars with a shortage of taxes. ”

Johnson collided with resistance from the Republicans, concerned about the potential impact on Medicaid, as well as those who considered the bill must go even further into the cost.

Party leaders defended the reductions, insisting that they would stimulate economic growth, and together with other Trump measures, such as tariffs, increases to the deficit. Independent analysts challenge the degree in which economic benefits will offset the deficit.

The passage of the bill goes when Congress leaders are fighting to adopt the legislation to avoid shutdown on March 14.

The dollar and stock futures increased during the morning bidding in Asia, and the futures for the S&P 500 and NASDAQ increased by 0.3 percent and 0.5 percent respectively.

The dollar has strengthened 0.1 percent to the basket of currencies of trading partners, while the yield on the 10-year treasures increased by 0.03 percentage points. The bond yield goes to the price return price.

Additional James Political Reporting in Washington