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Senate passes budget proposal, moving the GOP closer to tax overhaul

On Thursday night, the Senate approved a 2018 budget resolution on a 51-49 vote, authorizing adding another $1.5 trillion to the federal deficit over a decade in order to cover President Trump's proposed tax cuts. The budget resolution contains a provision allowing Senate Republicans to pass a tax bill with no Democratic votes.

Trump's tax plan is still being developed, but Democrats are warning voters that all signs point to it benefiting the wealthiest Americans and corporations. An amendment was crafted by House and Senate Republicans so they don't have to spend weeks reconciling the Senate budget with the version the House has already passed. Both the House and Senate tax-writing committees are trying to release their draft legislation by early November.