In Congress, a contentious debate has emerged over how to score an extension of President Trump's 2017 tax cuts. Senate Republicans propose a method that downplays the projected $4 trillion deficit increase over ten years, while Democrats argue this move undermines Senate norms. Criticism includes claims of breaking rules to ease the passage of permanent tax cuts meant to favor the wealthy. The implications of this conflict could significantly affect America's economic policy and budgeting for years ahead, highlighting the prioritization of tax cuts and spending within legislative decision-making.
Senate Republicans are looking to change how extending many of Trump's 2017 tax cuts would be scored when it comes to future federal deficits.
Democrats accuse Republicans of violating Senate norms with the move, with Senate Democratic leader Chuck Schumer saying they're blowing up the institution's rules.
Republicans are planning to move forward without a ruling from the Senate parliamentarian, effectively deciding to break the Senate.
The accounting change makes it easier for Republicans to make the tax cuts permanent, highlighting the precedence tax cuts and spending have historically taken.
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