The US House has passed the Republican Budget plan, advancing Trump’s tax plans
globalreutersFebruary 26, 20251 Mins read The Republican-controlled U.S. House of Representatives narrowly approved President Donald Trump’s tax and border policy package late Tuesday, giving his 2025 agenda a major boost.
The bill passed by a 217-215 vote
- one Republican opposing
- no Democratic support
Speaker Mike Johnson initially canceled the vote due to insufficient backing but later reversed course after extensive lobbying efforts by Johnson, House Majority Leader Steve Scalise, and Trump himself.
The $4.5 trillion package is a step toward extending Trump’s 2017 tax cuts and includes provisions for deportation funding, stricter border security, energy deregulation, and increased military spending. Trump actively urged lawmakers to support the measure, emphasizing its importance in shaping his policy priorities.
Big win for Trump.
This article was written by Eamonn Sheridan at www.forexlive.com.
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