House Passes Trump’s Tax Plan, Raising Debt Ceiling for Economic Stimulus

The U.S. House of Representatives has voted to advance a tax plan championed by President Trump and raise the debt ceiling, aiming to boost economic growth. This move allows for tax cuts originally enacted in 2017 and adds $5 trillion to the existing debt ceiling, which is crucial for managing federal financial obligations. The impact of this decision on both the economy and government finances remains a subject of debate.