Senate Republicans narrowly passed a $4 trillion budget plan Thursday, taking their first big step toward a tax reform package promised by President Donald Trump. Approval of the nonbinding plan allows the Senate to use a special process known as "budget reconciliation" that would forestall a Democratic filibuster. The Senate plan, approved on a 51-49 vote, calls for $473 billion in cuts from Medicare over 10 years and more than $1 trillion from Medicaid. The House passed its version of the budget plan last week. It calls for tax cuts that don't add to the deficit and would pair the tax rewrite measure with $200 billion in spending cuts over the coming decade.

Source: Fox News October 20, 2017 01:44 UTC