US: Senate GOP approves Trump’s tax exemption and spending cut plans after overnight session

New Delhi| The US Senate Republicans (GOP) worked overnight to approve the Trump administration’s multi-trillion dollar tax exemption and spending cuts framework. President Donald Trump described the draft as a “big, beautiful bill”, bypassing a tough stance from the Democratic opposition. The Trump administration’s proposal was approved by a vote of 51 to 48.

U.S. stocks have been badly beaten and the economy is in turmoil after Trump’s sweeping tariff announcements. Experts are warning of rising costs and potential recession risks for domestic consumers. Some Republicans have also expressed concern over this issue.

Senate Republican approval clears the way for Republicans in the coming months to try to get both houses of Congress to pass a tax cut bill despite objections from Democrats. Senate Majority Leader John Thun, R.S.D. “Let the voting begin”, said Friday night On Friday evening, the process called Vote-e-Rama started. During this time, about two dozen amendments to the package were voted on. Which GOP senators will have to defend before next year’s midterm elections.

Democrats, on the other hand, accused Republicans of laying the groundwork for cutting major security programs, such as Medicaid and nutrition assistance, to pay for tax cuts of more than US$5 trillion. “Trump’s policies are a disaster”, said Senate Democratic Leader Chuck Schumer of New York