GOP budget that's key to taxes moving ahead in Senate

AP News
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Posted: Oct 18, 2017 3:48 AM
GOP budget that's key to taxes moving ahead in Senate

WASHINGTON (AP) — The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party's politically imperative drive to cut taxes and simplify the IRS code.

The nonbinding budget plan would permit Republicans to pass follow-up tax cuts later this year that would cost up to $1.5 trillion over the coming decade. The plan cleared a procedural hurdle in the Senate on a party-line vote of 50-47.

The plan breaks with longstanding promises by top Republicans like Senate Majority Leader Mitch McConnell and Speaker Paul Ryan that the upcoming tax drive won't add to the nation's $20 trillion debt.