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Senate GOP Passes Measures for Trump's Tax Cuts
Financial Express Kochi
|April 06, 2025
SENATE REPUBLICANS PLUGGED away overnight and into early Saturday morning to approve their multitrillion-dollar tax breaks and spending cuts framework, hurtling past hardened Democratic opposition toward what President Donald Trump calls the "big, beautiful bill" that's central to his agenda.
The vote, 51-48, fell along mostly party lines, but with sharp dissent from two prominent GOP senators. It could not have come at a more difficult political moment. The US economy is churning after Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Republican senators Susan Collins of Maine and Rand Paul of Kentucky both voted against.
This story is from the April 06, 2025 edition of Financial Express Kochi.
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