If you don’t know what that means, read on.
I am afraid I cannot make this story more concise, but if you’re interested in the implications of the 2018 midterms for the country, this is the first thing you need to know.
The Senate, which Republicans control by a narrow margin, is expected to vote on a budget and tax bill that will likely be vetoed by President Donald Trump and his Republican congressional allies.
It is expected that Republicans will approve a budget that would add $1.4 trillion to the national debt by 2026, according to a report from the nonpartisan Congressional Budget Office.
That would increase the federal debt by $1,847 billion, or about $1 trillion over the course of the next 10 years.
But the Senate will be voting on a bill that would increase taxes by an additional $1 billion in 2019, as well.
While the House is expected, and likely, to vote in favor of the tax increase, Republicans are unlikely to allow it to pass.
House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell have said they will not allow the tax bill to be reconciled with the current budget.
Democrats, meanwhile, are demanding a budget deal that would balance the federal budget by 2025.
With the budget stalemate, the Senate could have the chance to approve a tax cut by the end of the year.
Republicans control the White House, Senate, House, and the House, as part of the Republican majority.
The Senate also has the power to block legislation, including a budget, but the Senate has not been able to do so.
On Wednesday, Senate Majority Whip John Cornyn John CornyGOP loses ground, Dems jump into Georgia special election and Democrats retake seats in 2018 MORE (R-Texas) and Sen. Ron Johnson Ronald (Ron) Harold JohnsonTrump: Dems have ‘great hopes’ for the 2018 election GOP senator says the GOP is a ‘toxic’ party’ for voters Trump defends himself against ‘phony’ claims against him Senate Republicans fail to get health care vote for Biden despite GOP opposition MORE (D-Wis.) unveiled a blueprint to overhaul the nation’s tax code.
According to the blueprint, the Republican plan would add a $2 trillion tax cut for the middle class over 10 years, while the Democratic proposal would add an additional tax cut of $1 and $3 trillion over 10 and 20 years.
It would add nearly $1 in the federal deficit, according the analysis.
Despite the budget and health care package, the economy has slowed considerably, and President Trump’s approval rating is at an all-time low.
President Trump is expected in a new ABC News/Washington Post poll to be the least popular president in modern history.
If the House and Senate do not pass the tax package by Friday, the tax cut will be fully enacted in 2019.
However, there are a number of factors that could impact the impact of the budget, including the budget impasse.
As reported by The Hill, there is a very real chance that the budget will be vetoed and that Republicans, who control both chambers, will not be able to pass a budget agreement that would raise taxes on the middle classes.
At the same time, the budget could be vetoed if it does not include a tax increase.
“If the Senate does not approve the tax plan, it will take effect on March 15, 2019, and if the House does not pass it, it could take effect as soon as the first quarter of 2020,” the CBO said.
In addition, there could be a conflict of interest that could force the House to reject the tax measure if it passed the budget.