House Republicans released a budget resolution proposing tax cuts of up to $4.5 trillion and a goal of reducing federal spending by $2 trillion, with the House Budget Committee set to consider it. The resolution allocates $110 billion for immigration and border security funding, falling short of the Senate’s $175 billion proposal. It also includes raising the debt limit by $4 trillion to avoid default. The resolution aims to reduce mandatory spending by $2 trillion, with potential adjustments depending on deficit reduction efforts. House Speaker Mike Johnson praised the resolution as a step towards advancing President Trump’s agenda, while Democrats criticized it for favoring corporations and the wealthy. The resolution must pass the House Budget Committee before going to the full House for approval. Meanwhile, the Senate Budget Committee is also moving forward with its own budget resolution, with some members criticizing the House GOP’s allocation for immigration funding. Senator Elizabeth Warren criticized the GOP plan for prioritizing tax cuts for the wealthy over working families. The budget reconciliation process allows Republicans to bypass Senate filibuster rules, separate from the upcoming government funding deadline. House Republicans have a slim majority and must rely solely on their party’s votes to pass the resolution.
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