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.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Laurence Leamer's 6 favorite books that took courage to write
Feature The author recommends works by George Orwell, Truman Capote and more
-
Today's political cartoons - May 7, 2025
Cartoons Wednesday's cartoons - film industry tariffs, self-deportation, and more
-
Weer at Soho Theatre Walthamstow: a 'silly, seductive, slapstick joy'
The Week Recommends Natalie Palamides' 'tear-inducingly funny' one-woman show opens London's newest venue
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine