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

House Freedom Caucus draws battle lines on reconciliation fight after presenting plan to Trump

by January 16, 2025
written by January 16, 2025

The conservative House Freedom Caucus has released a proposal for Republicans’ planned conservative policy overhaul that would raise the debt limit by two years or roughly $4 trillion.

Congressional Republicans are preparing for a massive conservative policy overhaul through the budget reconciliation process. By lowering the threshold for passage in the Senate from 60 votes to 51, reconciliation allows the party controlling Congress and the White House to pass broad policy changes — provided they deal with budgetary and other fiscal matters.

However, there has been some disagreement over whether to pass all of their goals – touching on border security, defense, spending cuts, tax cuts, and energy – in one single bill to not risk any items falling behind, or split the priorities into two separate pieces of legislation to ensure early victory on at least some measures.

President-elect Donald Trump has said he favors the one-bill approach, but would be open to two. He also tasked Republicans with raising or suspending the debt limit, with the U.S. Treasury projected to run out of funds to pay its debts by mid-June.

Freedom Caucus members are among the Republicans calling for two separate bills. The plan being unveiled on Thursday, first reported by Fox News Digital, calls for border security, defense, and steep spending cuts.

It would raise the debt limit ‘with commitment from congressional leadership on dollar-for-dollar savings over 10 years across both reconciliation bills and appropriations bills.’

Those cuts would then be used to offset tax breaks being extended in the second bill, Fox News Digital was told.

But the plan for the first bill calls for roughly $100 billion for border security across four years, and up to $200 billion for defense in the same time frame.

It also calls for repealing key Biden administration policies to cut spending, including President Biden’s electric vehicle tax credits, added funding for the IRS, and his student loan relief programs, among other items.

The conservative lawmakers presented the plan to Trump at Mar-a-Lago last Friday, but it is unclear how he responded.

Senate Majority Leader John Thune, R-S.D., previously backed a two-bill approach in public comments. 

Opponents of that plan, which include Republicans on the House Ways & Means Committee, have warned that leaving Trump’s tax cuts for a second bill would all but guarantee that provisions he passed during his previous term would expire by the end of the year, raising taxes for millions of Americans.

Committee Chairman Jason Smith, R-Mo., previously pointed out to FOX Business host Maria Bartiromo that two reconciliation bills have not been passed in one term since the 1990s.

However, GOP negotiators have not decided whether to include action on the debt limit in their reconciliation bill, with both measures known to require difficult political maneuvering. 

The Freedom Caucus’ expected plan is a way for fiscal hawks who have traditionally scorned action on the debt limit to agree to do so.

That same group is also concerned that putting all the agenda items into a single bill will not result in sufficient cuts to offset the added spending. 

With two House Republicans departing for the Trump administration on Jan. 20, Speaker Mike Johnson, R-La., will have to navigate a razor-thin majority until special elections are expected in April.

Until then, just one Republican ‘no’ vote will be enough to derail any piece of legislation that does not get Democratic support.

Fox News Digital reached out to the Trump transition team and the House Freedom Caucus for comment.

Related Topics

House of Representatives
Republicans
Politics

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘No better dealmaker’: Trump reportedly considering executive order to ‘save’ TikTok
next post
Trump transition team asks 3 State Department officials to resign: report

related articles

Iran talks with Europeans set for Friday; White...

June 20, 2025

Kurilla warfare: Meet the general leading US military...

June 19, 2025

US Ambassador to Israel Mike Huckabee indicates US...

June 19, 2025

US troops in the Middle East could face...

June 19, 2025

Mystery flights from China to Iran raise questions...

June 19, 2025

Israel’s ‘resounding’ military campaign against Iran could be...

June 19, 2025

Trump to make Iran decision ‘within the next...

June 19, 2025

Two men convicted in Pennsylvania mayoral race election...

June 19, 2025

Flaring Iran nuclear crisis provides first major test...

June 19, 2025

Top Trump ally predicts Senate will blow past...

June 19, 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

  • Trump removes Antony Blinken, Letitia James, Alvin Bragg’s security clearances among others

    February 9, 2025
  • Trump says he will buy a Tesla to support Elon Musk and his ‘baby’

    March 11, 2025
  • Judge restores Trump administration’s buyout offer to federal workers

    February 13, 2025
  • Johnson says Trump’s Gaza takeover proposal could be ‘bold step’ in restoring peace

    February 5, 2025
  • Biden concludes foreign diplomacy in region where US influence overshadowed by China

    November 15, 2024

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

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

    December 4, 2024
  • 3

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

    July 19, 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 (5,005)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill

    June 4, 2025
  • Trump official travels to Venezuela to negotiate deal for deporting Tren de Aragua gang members

    January 31, 2025
  • Dem strategists fret Harris ‘sugar high’ is over: ‘If you’re not nervous, you’re not paying attention’

    October 10, 2024

Recent Posts

  • Sinwar’s removal from battlefield is ‘significant,’ presents opportunity for cease-fire, State Department says

    October 18, 2024
  • US swaps prisoners with China, releasing 3 convicted spies

    December 14, 2024
  • Trump revokes security clearances of former opponents Kamala Harris, Hillary Clinton

    March 22, 2025

Editor’s Pick

  • Injunction lifted on Trump executive orders slashing federal DEI support

    March 15, 2025
  • Support for Taylor Swift’s get-out-the-vote effort drops sharply among particular voting bloc: poll

    September 19, 2024
  • Natural gas looking for support for bullish continuation

    September 11, 2024
  • 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