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

GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting

by February 5, 2025
written by February 5, 2025

Republican spending hawks in the House of Representatives are pushing their leaders to include at least $2.5 trillion in spending cuts in a massive piece of legislation intended to advance President Donald Trump’s agenda.

Republicans held their weekly closed-door agenda meeting on Wednesday where they discussed a path forward via the budget reconciliation process. 

By lowering the threshold in the Senate from two-thirds to a simple majority – which the House already operates under – reconciliation allows the party in power to pass sweeping fiscal policy changes while skirting the opposition.

Several sources told Fox News Digital there was significant ‘frustration’ within the House GOP conference on Wednesday over a lack of a concrete final plan from Republican leadership. 

One GOP lawmaker said that tension bubbled up with several ‘heated exchanges,’ with conservatives demanding a concrete plan and minimum spending cuts at significantly higher levels than what was initially proposed.

‘I think there’s a lot of frustration right now,’ the lawmaker told Fox News Digital. ‘They’ve been trying to be inclusive, but not every open forum they’ve offered is giving members the ability to say, ‘I feel like people are listening to me,’ because I don’t know that’s the case right now.’

There’s also concern that the Senate, which is growing impatient with the House, could move forward with its own plan if the House doesn’t release one first – which House Republicans worry will include much shallower spending cuts than what could pass in the lower chamber.

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Senate Budget Committee Chairman Lindsey Graham R-S.C., announced plans to move forward with the upper chamber’s own bill on Wednesday afternoon. He now plans to advance a measure through his committee next week.

A third House Republican said GOP lawmakers were fed up waiting for a ‘play call.’

But senior House GOP aides pushed back on the notion there was no play call, pointing out that Republican leaders held countless listening sessions culminating at the recent three-day House GOP retreat in Miami to consult members and emerge with a blueprint for a one-bill strategy that maintains scoring flexibility. The aides said the reconciliation process has had a 95% participation rate among House Republicans.

House GOP leaders were forced to delay a key vote on advancing a reconciliation bill through the House Budget Committee, the first step in the process, after spending hawks pushed back on initial proposals for spending cuts between $300 billion and $600 billion.

House Majority Leader Steve Scalise, R-La., said on Tuesday night that it would likely be planned for next week, but that leaders’ final goal of having a bill on Trump’s desk in May remained unimpeded. 

Three sources told Fox News Digital that leaders are floating a plan that would include roughly $1.65 trillion as a baseline for spending cuts, though two people stressed they saw the figure as one of several tentative ideas rather than a final plan.

Two other sources said it would also include measures that lead to an additional $1.65 trillion in economic growth.

Republicans are trying to pass a broad swath of Trump policies via reconciliation, from more funding for border security to eliminating taxes on tips and overtime wages. Trump has also made clear that he views extending his Tax Cuts and Jobs Act (TCJA) of 2017 as vital to the process.

The tax cuts have proved a sticking point with some spending hawks, however, because several estimates show they could add upwards of $1 trillion to the federal deficit over 10 years if extended. Those spending hawks have said they support extending the tax cuts but are seeking deep funding rollbacks elsewhere to offset them.

Three people involved in the discussions also told Fox News Digital that House GOP leaders are considering extending the TCJA tax cuts by five years instead of 10 to mitigate those concerns.

Reps. Chip Roy, R-Texas, and Ralph Norman, R-S.C., two conservative members of the House Budget Committee, both told reporters they wanted to see the baseline for spending cuts set at roughly $2.5 trillion.

Roy told reporters that $2.5 trillion would amount to roughly $250 billion per year in federal savings over 10 years – while pointing out the U.S. was currently running a $36 trillion national debt.

House GOP leaders vowed to seek $2.5 trillion in spending cuts back in December, to get conservatives on board with a bill averting a partial government shutdown.

‘They said $2.5 trillion of cuts. So, deliver. That will unlock the door,’ Roy said.

Norman told reporters multiple times this week that he wants between $2 trillion and $3 trillion in cuts.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs
next post
‘Sesame Street in Iraq’: USAID’s ‘wasteful and dangerous’ spending exposed by senator

related articles

Cambodia to nominate Trump for Nobel Peace Prize...

August 2, 2025

Recess on ice as Republicans hunker down for...

August 1, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 1, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 1, 2025

Iran says it has ‘plenty of scientists’ left...

August 1, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 1, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 1, 2025

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 1, 2025

China’s growing nuclear arsenal aims to break US...

August 1, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 1, 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 to sign order instructing DOGE to massively cut federal workforce

    February 12, 2025
  • Long IDCC: Breakout to all-time highs, strong bullish momentum

    August 12, 2024
  • Trump expected to pardon pro-life activists convicted under FACE Act

    January 23, 2025
  • Israel’s Netanyahu delays Gaza cease-fire vote, accusing Hamas of trying to back out of deal

    January 16, 2025
  • Minnesota power plant leak: 1 million gallons of coal-ash wastewater spill from Cohasset facility

    July 18, 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

    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 (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

    June 28, 2025
  • Trump says Israel and Iran ‘have to fight it out’ but believes deal is possible

    June 16, 2025
  • COUNTDOWN: Harris has just 4 days left to make good on sit-down interview proclamation

    August 27, 2024

Recent Posts

  • Who is Neera Tanden? The controversial Dem operative who testified on Biden’s mental acuity

    June 24, 2025
  • ACLX Stock – Get All The Latest Information About It

    September 19, 2024
  • RFK Jr. asked Harris for Cabinet post in exchange for dropping out, endorsing her: report

    August 15, 2024

Editor’s Pick

  • US stocks rebound as White House signals trade optimism with China

    April 11, 2025
  • Biden warns of ‘ultra-wealthy’ ‘oligarchy’ after Big Tech CEOs warm to Trump

    January 16, 2025
  • Long TSLA: anticipate bullish breakout and support retest amidst strong deliveries, AI advancements, and expansion

    July 23, 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