Trump tweets that Senate budget approval 'is a really big deal'

Trump Tells Senators They Might See His Taxes One Day

U.S. President Donald Trump said Thursday he is almost certain Senate Republican leaders have secured enough support to pass a budget bill that would help them approve tax legislation.

"Budget that just passed is a really big deal, especially in terms of what will be the biggest tax cut in US history - MSM barely covered!" "We got ZERO Democrat votes with only Rand Paul (he will vote for Tax Cuts) voting against", Trump said.

The upper chamber approved the measure in a 51-49 vote.

It also contains a legislative tool called reconciliation, which would enable Republicans, who control the 100-seat Senate by a 52-48 margin, to move tax legislation through the Senate on a simple majority vote.

The bill is key to Republican efforts to pass tax reform because it includes instructions that allow a tax reform bill to avoid a Democratic filibuster. The newly adopted Senate budget plan provides for $1.5 trillion over 10 years in debt-financed tax cuts, busting earlier Republican pledges of strict fiscal discipline.

The Senate and the House of Representatives must agree on a budget resolution for the next fiscal year in order for Republicans reach their goal of enacting a tax bill that would be submitted to Trump for his signature by the end of this year. But corporations, which pay billions in local property levies and state income taxes, wouldn't be affected.

'I deserved a suspension, I violated the policy'
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Sen. Heidi Heitkamp, D-N.D., proposed an amendment to prevent tax increases on people making less than $250,000 a year. His tax plan is, at most, fifth-largest in its estimated cost, says Marc Goldwein of the nonpartisan Committee for a Responsible Federal Budget.

The Democrats were excluded from the drafting of the tax blueprint, and they continue to demand that any tax-cutting plan not add to the mounting $20 trillion national debt.

Paul, one of the most vocal GOP critics of the party's budget, proposed several measures to lower the deficit and one created to make it easier for the upper chamber to repeal Obamacare.

Sen. Pat Toomey, R-Pa., a member of the Senate Budget Committee, heads to the floor during a series of votes at the Capitol in Washington, Thursday. The Senate and House will need to reconcile differences between their two budgets.

The amendment was approved by unanimous voice vote, with applause.

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