Trump backs House budget plan with $4.5T in tax cuts

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now

Wed, Feb 19, 2025, 10:14 AM

President Donald Trump has endorsed a House budget proposal featuring a $4.5 trillion tax cut, declaring on Truth Social, "It will, without question, MAKE AMERICA GREAT AGAIN!"

This announcement comes as the Senate prepares to vote on a separate budget plan that would allocate an additional $150 billion to military spending and $175 billion toward immigration and border enforcement.

Hosts Madison Mills and Alexandra Canal analyze the implications of these competing budget proposals and how they would impact the US deficit.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Angel Smith