The article discusses the contentious political atmosphere surrounding budget negotiations in Washington, highlighting the contrast between past bipartisanship and today's divisive rhetoric. It notes President Trump's proposed $7.3 trillion budget for fiscal 2026, which seeks to make previous tax cuts permanent and offers benefits like tax exemptions on tips and overtime for certain earners. The House GOP's resolution proposes $4.5 trillion cuts over a decade, aiming to enhance financial benefits for the majority of taxpayers, despite broader budget fights that often pit party lines against each other.
Political budget fights in Washington are not just a spectator sport as they have real-world consequences for everyday Americans.
Trump's budget pushes to make his 2017 cuts permanent, allowing single filers earning $50,000 to keep their current tax rate with new benefits.
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