On October 19, 2017, the Senate approved a $ 1 trillion budget that Donald Trump has described as “the first step toward massive tax cuts” – a largely symbolic move that enables Republicans to pass the US tax code without a single Democratic vote.
The adoption of budget laws is an important first step for Republicans, enabling them to approve the tax reform legislation through process call reconciliation. They are still working on their tax plan and they have not explained where the cuts will come from.
