The US Senate budget chairperson plans to introduce three bills to "fill gaps" in Trump's huge bill
2025-06-10 15:33:56
On June 10, according to the US media Semafor, Graham, the Republican chairperson of the US Senate Budget Committee, is preparing for the possibility that key provisions of President Trump's huge bill may be cut. His solution is: < b > to introduce another bill of tax cuts and spending cuts . Graham said the current legislation is not final, adding that if necessary, < b > he expects a total of three partisan bills : "Let's try to reach a compromise on this bill first, and then we have two more bills to move forward." Graham said: "The president wants to achieve some policies, such as tax exemptions for tips and overtime pay. All of these may be difficult to fully incorporate into the bill. So < b > we're going to introduce the largest bill the market can afford, but also understand that more bills are coming . How much more can be done at this stage of the process is the core challenge for senators "." The problem right now is that if the Senate changes the bill too much, it loses the support of the House, so there will be a second round [of legislation], "Graham said. But passing two partisan bills has historically been challenging. The Republican effort to repeal Obamacare failed in 2017, followed by a successful tax reform through a reconciliation process. In 2021, Democrats quickly passed a huge COVID-19 relief bill, but then stalled on a larger social spending bill, before passing a streamlined version a year later.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.