Republicans also seek to increase national debt to fund tax breaks for wealthy

By Alexander J Schorr

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February 24, 2025 (Washington D.C.) – Republican senators pushed a $340 billion budget framework to passage early Friday that would give massive new tax cuts to wealthy people and corporations, while slashing Medicaid and other programs benefitting vulnerable Americans.The budget passed  the Senate in spite of an all-night session during which Democrats raised numerous objections, including to  releasing money that the Trump administration says is required for mass deportations and border security. The budget now heads to the House of Representatives for a vote.

The budget includes $4.5 trillion in tax cuts, a $4 trillion increase in the debt limit, and aims to slash $1.5 trillion from social programs while boosting spending on border security and the military.