• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Johnson reveals Trump’s wishes on delivering huge policy overhaul in closed-door meeting

by January 4, 2025
written by January 4, 2025

Speaker Mike Johnson, R-La., told Republican lawmakers on Saturday that President-elect Trump supports a conservative policy overhaul via a single large bill, three sources told Fox News Digital.

Trump wants both the House and Senate to have such a bill on his desk by May, the sources said. The president-elect’s buy-in will likely end the growing intraparty friction on how to pass Republican goals next year via a process known as ‘reconciliation,’ which lawmakers plan to use to pass conservative policy and budget changes.

House Republicans met behind closed doors in Washington’s Fort McNair on Saturday to discuss the plan.

Reconciliation allows the Senate to bypass its traditional 60-vote threshold in favor of a simple majority, provided the legislation is focused on budgetary and other fiscal matters.

Both parties have traditionally used reconciliation to pass broad policy changes in a single bill. But the legislation also goes through a strict assessment where the Senate parliamentarian is tasked with deciding what is and is not relevant to U.S. fiscal matters. 

Notably, Democrats previously tried to use reconciliation to pass mass amnesty measures, but they were blocked.

Republicans might face similar issues with their push to add border security provisions to the bill. They’re also aiming to use it to extend Trump’s Tax Cuts and Jobs Act (TCJA) of 2017, as well as to pass measures on energy and defense.

The apparent decision by Johnson on Saturday comes after Congressional Republicans were at odds over whether to pass one or two reconciliation bills.

It is a process normally used once per year, but Senate Majority Leader John Thune, R-S.D., floated a plan last month to split Republicans’ priorities into two bills – one dealing with the border and defense and a second aimed at preserving Trump’s tax policy. 

The plan was also backed by top Trump adviser Stephen Miller.

But that push angered Republicans on the House Ways and Means Committee, who warned that two reconciliation bills could be too big a lift, and putting taxes second could imperil remaining GOP tax provisions that are set to expire at the end of this year.

House Ways and Means Committee Chairman Jason Smith, R-Mo., pointed out on Fox Business Network’s’ ‘Mornings With Maria’ that Congress has not passed two reconciliation bills into law in one year since 1997.

‘I am saying we need a reconciliation bill that has border, energy, permitting and tax. You put all four of those things together, we can deliver on that,’ Smith said.

The panel put out a memo last month warning that everyday Americans could see their taxes rise by 22% if Trump’s tax policies expire.

But other lawmakers bristled at the idea that two bills were impossible.

House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital last month, ‘I think we need to prove to the American people that we can actually defend our borders. The bottom line is, I think they need to be on almost parallel tracks. But I do believe that taxes are much more complicated.’

Fox News Digital reached out to Thune and Smith’s offices for comment. Thune’s office responded and declined to comment, and Smith’s office did not immediately respond.

Related Topics

House of Representatives Deficit
House of Representatives
Republicans

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
MIKE POMPEO: New Orleans terror a reminder Team Biden took wrong ‘threats’ seriously and ignored real dangers
next post
Trump names latest White House staff picks as Jan. 20 inauguration approaches

related articles

James Comer praises Kash Patel for ‘holding deep...

August 22, 2025

Trump DOJ to begin handing over Epstein files...

August 22, 2025

TikTok isn’t enough to stop Gen Z from...

August 22, 2025

Zelenskyy seeks ‘strong reaction’ from US if Putin...

August 22, 2025

Trump administration wins Supreme Court fight to slash...

August 22, 2025

Pentagon unveils new medal for troops deployed in...

August 21, 2025

Federal judge rules Trump appointee Alina Habba is...

August 21, 2025

‘Maine’s Mamdani’: Maine GOP chief issues warning about...

August 21, 2025

‘There are 50 swamps’: State Freedom Caucus Network...

August 21, 2025

Trump-aligned legal group probes Biden-era organ transplant program...

August 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Ethereum fails to hold on to the bullish trend on Tuesday

    October 8, 2024
  • Democrats’ furor over ‘unqualified’ Trump nominees puts Biden’s staffing decisions back in the spotlight

    November 15, 2024
  • Blame game intensifies in Congress as government shutdown threat inches closer

    March 1, 2025
  • Pence group warns Senate not to rubber-stamp Trump’s ‘big, beautiful bill’

    June 12, 2025
  • DAVID MARCUS: Trump’s Canada tariffs take toll on would-be Conservative Prime Minister Pierre Poilievre

    March 10, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,786)
  • Investing (634)
  • Stock (894)

Latest Posts

  • Tulsi Gabbard confirmation vote set for Wednesday after snowstorm thwarts midnight session

    February 12, 2025
  • Trump meets with Jordan’s king amid tense talks about resettling Palestinians

    February 11, 2025
  • Why Justice Jackson is a fish out of water on the Supreme Court

    July 1, 2025

Recent Posts

  • Biden’s Venezuela policy feeds Maduro strongman image, emboldens dictator in election controversy: Rubio

    August 2, 2024
  • House Democrat presses DOJ on Ghislaine Maxwell prison transfer, meeting with top official

    August 13, 2025
  • DAVID MARCUS: In Scranton, even Kamala’s paid union supporters see writing on the wall

    October 26, 2024

Editor’s Pick

  • Trump will attend Pope Francis’ funeral in Rome despite contentious past: ‘Look forward to being there!’

    April 22, 2025
  • Hillary Clinton celebrates decades of marriage to Bill after being ‘deeply hurt’: ‘We just have a good time’

    September 22, 2024
  • SCOOP: Lindsey Graham amendment signals GOP budget breakthrough, sets stage for Trump agenda

    April 2, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock