The House narrowly passed a budget resolution Wednesday, 216-214, clearing the way for legislation on former President Donald Trump’s proposed tax and spending cuts. Only two Republicans voted against the measure, with two others not voting. U.S. President Donald Trump celebrated the development on Truth Social, calling it “great news” and praising progress on what he dubbed “the big, beautiful bill,” which he says includes the “biggest tax cuts in the U.S. history.”
The budget plan would slash taxes by around $5 trillion while adding an estimated $5.7 trillion to the national debt over the next decade, according to Reuters. However, Republicans remain divided over where to make the necessary spending cuts. A Senate-passed version calls for just $4 billion in reductions — far below the $1.5 trillion initially sought by the House. In his recent Truth Social post, Trump said this:
