Some in the U.S. Senate stayed up way past their bedtimes on Friday night, voting into the wee hours in a battle against mainly Democrat amendments attempting to derail President Donald Trump’s agenda before managing to pass a budget plan.
After the six-hour vote-a-rama ended, the legislation passed nearly along party lines, with “no” votes from Sens. Rand Paul (R-KY) and Susan Collins (R-ME), 51-48, around 2:30 a.m. Eastern time on Saturday morning.
Here is what we know so far about the plan:
On paper, the new Senate budget outline allows for $1.5 trillion in tax cuts, a seemingly modest amount. But that figure disguises an additional $3.8 trillion for extending the 2017 tax cuts that Senate Republicans also want to include in the bill, which they argue should not show up as a cost on the federal balance sheet.
The 2017 tax cuts are scheduled to expire at…
