rki.news
In a narrow 216-214 vote, the House of Representatives passed a Republican-led budget framework on Thursday, marking a key victory for former President Donald Trump’s policy agenda. The plan sets the stage for significant tax and regulatory cuts—central to Trump’s renewed economic vision.
Trump hailed the outcome on his Truth Social platform, calling it a “historic step” that lays the groundwork for “one of the most important signings in our nation’s history.” He emphasized the blueprint’s potential to bring about the “largest tax and regulation cuts ever considered.”
Treasury Secretary Scott Bessent lauded the bill as a sign of determination, highlighting its goal to drive long-term economic stability through fiscal certainty and streamlined governance.
The measure faced serious hurdles earlier in the week, nearly collapsing due to opposition from conservative Republicans concerned about the deficit. The vote was postponed on Wednesday, forcing last-minute negotiations.
House Speaker Mike Johnson, standing alongside Senate Majority Leader John Thune on Thursday, reassured lawmakers that the framework includes more than $1.5 trillion in proposed savings. Johnson emphasized the plan’s focus on reducing spending while safeguarding essential public services.
“We’re working toward real savings for Americans,” Johnson said, reiterating his dedication to fiscal responsibility and economic growth.
Thune, though more reserved, voiced Senate alignment, saying, “We must put the country on a sustainable path. Many senators consider $1.5 trillion in savings a starting point.”
Trump, who remained personally engaged with lawmakers, had earlier expressed optimism, calling the proposal “The Big, Beautiful Bill” and predicting it would lead to the “biggest tax cuts in U.S. history.”
With the House hurdle cleared, Republican leadership now shifts its focus to advancing the bill in the Senate.
Leave a Reply