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

The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan

by February 7, 2025
written by February 7, 2025

House Republican leaders spent nearly five hours at the White House on Thursday – some of it with President Donald Trump – as they tried to finalize the outline of their tax and spending cut package. 

The plan is to release a framework with some numbers in the coming days. 

Fox is told to expect north of $1 trillion in spending cuts. The bill would make permanent the 2017 Trump tax cuts. It is also likely the bill includes a provision to bar taxes on tips. 

House Republicans hoped to have a bill ready to go before the Budget Committee this week after their retreat at Mar-a-Lago. 

But no dice. 

Republicans hope to prep this bill before the House Budget Committee next week. 

When asked if a plan would be unveiled Friday, Speaker Mike Johnson told Fox News, ‘nothing today’ on paper or details of a budget package.

‘There won’t be any details announced until the end of the weekend. Possibly not until Monday,’ he said.

He said the committee markup may come Tuesday, but that there are a couple of details to ‘work out.’

When asked about including the debt ceiling in the bill, Johnson replied, ‘I think that probably will be part of it, yes.’

Asked if Democrats walked away from talks to avert a March government shutdown, he replied, ‘It seems that way. From their comments, Leader [Hakeem] Jeffries seemed to be trying to set up some sort of a government shutdown. We have been negotiating in good faith, trying to get a topline number. But so far as I know, they’ve been unresponsive the past two days or so.’

Republicans need a budget framework adopted on the floor so they can use the budget reconciliation tool to bypass a Senate filibuster. No budget? No reconciliation option. 

House GOPers are feeling pressure from Senate Republicans who are pressing ahead with their own plan. Senate Republicans dine at Mar-a-Lago tonight with President Trump. 

House Republicans are worried if they stumble at moving first, they could get jammed by the Senate. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Iran’s supreme leader says nuclear talks with Trump admin would not be ‘wise’
next post
NIH resumes critical grant-making process after federal communications freeze at HHS

related articles

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

‘Instincts for restraint’: Senate divided over who gets...

June 19, 2025

Trump downplays signs of MAGA unrest over possible...

June 19, 2025

Vance defends Gabbard as ‘critical part’ of Trump...

June 18, 2025

Ilhan Omar claims no one has ‘attacked Americans,’...

June 18, 2025

‘Squad’ members, GOP lawmaker join forces to reject...

June 18, 2025

Poll position: Where Trump stands in the eyes...

June 18, 2025

GOP says Dems admit ‘guilt’ in Biden health...

June 18, 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

  • Hostages freed from Gaza tell Trump he was ‘sent by God’ to save them, but dozens more remain

    March 7, 2025
  • Biden set to address nation after pressured exit from 2024 race

    July 24, 2024
  • OpenAI considering 16 states for data center campuses as part of Trump’s Stargate project

    February 7, 2025
  • Trump has higher favorability numbers than Taylor Swift, poll finds

    September 20, 2024
  • Trump admin guts Institute of Peace of ‘rogue bureaucrats’ after DOGE standoff in government office

    March 19, 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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,998)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Pam Bondi threatens prosecution amid DOGE’s findings about fraud: ‘We’re coming after you’

    March 25, 2025
  • Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides

    February 21, 2025
  • Iran remembers Hamas leader Yahya Sinwar as a ‘martyr’ and ‘model for the youth and children’

    October 18, 2024

Recent Posts

  • How a second Trump presidency could impact electric vehicles and clean energy policies

    July 25, 2024
  • Elon Musk, Tesla, Warner Bros. Discovery sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion

    October 22, 2024
  • Harris-Trump showdown: Presidential race rocked by 2nd assassination attempt with 50 days until election

    September 16, 2024

Editor’s Pick

  • Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    May 31, 2025
  • Turkish lira and stocks tumble amid global tech woes and political uncertainty

    July 24, 2024
  • What is the Electoral College? How does it work?

    November 3, 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