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

Trump budget bill with $4.5 trillion in tax cuts survives House vote

by February 26, 2025
written by February 26, 2025

The House of Representatives has adopted a resolution that will eventually become a massive multi-trillion-dollar bill full of President Donald Trump’s priorities on the border, defense, energy and taxes.

In a major victory for House GOP leaders, the resolution passed in a 217 to 215 vote.

All Democrats voted against the measure, along with lone Republican rebel Rep. Thomas Massie, R-Ky., who was concerned about its effect on the national deficit.

The next step is now for the relevant House committees to meet and build their own proposals, which will eventually be returned into the framework and negotiated into a compromise deal with the Senate.

It was a dramatic scene in the House chamber on Monday night as Republican leaders delayed formally ending a vote for roughly 45 minutes as they worked to convince conservative fiscal hawks to support the legislation.

Impatient Democrats called out loud for the vote to be closed as Republicans huddled in varied groups.

Two people on the House floor told Fox News Digital that President Donald Trump got involved at one point, speaking to one of the holdouts, Rep. Victoria Spartz, R-Ind., by phone.

Reps. Tim Burchett, R-Tenn., and Warren Davidson, R-Ohio, could be seen on the phone at other points on the House floor as well, but it’s not clear if they were speaking with Trump.

At one point, House GOP leaders appeared to lose confidence that they had enough support and abruptly canceled the planned vote. 

Moments later, however, lawmakers on both sides of the aisle were rushing back to the House floor and Fox News Digital was told the vote would be held.

Meanwhile, three House Democrats who had been absent early in the day returned for the Tuesday evening vote in dramatic fashion. 

Rep. Brittany Pettersen, D-Colo., who had a baby roughly a month ago, returned to the House floor with her infant to oppose the bill. And Rep. Kevin Mullin, R-Calif., who was recently hospitalized for an infection, appeared in the chamber aided by a walker.

House and Senate Republicans are aiming to use their majorities to advance Trump’s agenda via the budget reconciliation process. 

It’s a Senate maneuver that lowers the threshold for passage from two-thirds to a simple majority, but it’s used when a party controls both houses of Congress and the White House because it allows that party to pass its policy goals even under the slimmest margins.

And Republicans are dealing with slim margins indeed; with current numbers, the House GOP can afford no more than one defection to pass anything without Democratic votes if all liberals are voting.

On the Senate side, Republicans can lose no more than two of their own in the reconciliation process.

The House resolution aimed to increase spending on border security, the judiciary and defense by roughly $300 billion, while seeking at least $1.5 trillion to $2 trillion in spending cuts elsewhere. 

As written, the House bill also provided $4.5 trillion to extend President Donald Trump’s 2017 Tax Cuts and Jobs Act provisions, which expire at the end of this year.

An amendment negotiated by House Budget Committee Chairman Jodey Arrington, R-Texas, and conservatives on his panel would also force lawmakers to make $2 trillion in cuts, or else risk the $4.5 trillion for Trump’s tax cuts getting reduced by the difference. 

The resolution also fulfilled Trump’s directive to act on the debt limit, raising it by $4 trillion or roughly two years. 

A bipartisan deal struck in 2023 saw the debt limit suspended until January 2025. Now, projections show the U.S. could run out of cash to pay its debts by spring if Congress does not act.

The resolution’s odds were touch and go for much of the week so far, since House lawmakers returned from a week-long recess period Monday.

Several fiscal conservatives had demanded more assurances from House GOP leadership that Republicans would seek deep spending cuts to offset the cost of Trump’s priorities.

Republican lawmakers in more competitive districts are concerned some cuts may go too far, however. 

The resolution directs the House Energy & Commerce Committee to find at least $880 billion in spending cuts – which those lawmakers fear will mean severe cuts for federal programs like Medicaid.

Speaker Mike Johnson, R-La., pushed back against fears of such cuts during his weekly press conference on Tuesday.

‘Medicaid is hugely problematic because it has a lot of fraud, waste and abuse. Everybody knows that. We all know it intuitively. No one in here would disagree,’ Johnson said. ‘What we’re talking about is rooting out the fraud, waste, and abuse. It doesn’t matter what party you’re in, you should be for that because it saves your money, and it preserves the programs so that it is available for the people who desperately need it.’

It was also supported by a wide swath of Republicans, including conservative Rep. Brandon Gill, R-Texas, a member of the House Budget Committee that approved the bill earlier this month.

‘It’s the best bill we’re going to get,’ Gill said while praising Committee Chairman Jodey Arrington, R-Texas, for his efforts. ‘If I were writing it then I’d write it differently, but this is the best we’re gonna get it.’

Rep. Randy Feenstra, R-Iowa, said he was eager to begin working on ‘cutting taxes for Iowans, securing our border, unleashing American energy production, and eliminating waste and fraud in our government.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
White House confirms who was appointed as acting administrator of DOGE
next post
Funeral held for Shiri Bibas and her sons after their remains handed over by Hamas

related articles

House Republican who voted to impeach Trump in...

December 17, 2025

Trump’s push to ‘knock out’ filibuster gains new...

December 17, 2025

EXCLUSIVE: First look at ‘MELANIA’ film

December 17, 2025

Policy group praises Trump’s 100 global wins since...

December 17, 2025

Trump declares ‘Venezuelan regime’ a foreign terrorist organization,...

December 17, 2025

Judge warns Trump administration against ‘irreversible’ White House...

December 17, 2025

The Hitchhiker’s Guide to where we stand with...

December 17, 2025

Senate Republican ‘targeted by Communist China’ in $50...

December 17, 2025

Trump brushes off Wiles’ ‘alcoholic’s personality’ nick as...

December 16, 2025

Graham issues ‘fatal’ warning if Maduro stays in...

December 16, 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

  • Federal judge temporarily blocks shutdown of US-funded radio network

    March 26, 2025
  • War Department pushes back on ‘false’ narrative of internal strategy split

    October 2, 2025
  • Whitmer sounds off on Trump’s ‘constitutional crisis’ day after diplomatic appearance with him

    May 1, 2025
  • Microsoft blames 2009 EU agreement for massive IT outage after security update

    July 22, 2024
  • Outgoing WH official calls for US to bolster cybersecurity workforce by hiring non-degree holders

    January 8, 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

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 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

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

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,102)
  • Investing (705)
  • Stock (963)

Latest Posts

  • GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor

    February 11, 2025
  • Trump tariff plan faces uncertain future as court battles intensify

    May 31, 2025
  • Vulnerable House Dem criticizes ‘extreme’ left in shocking 2026 announcement

    November 6, 2025

Recent Posts

  • Solana in bullish surge, Cardano lags behind with momentum

    August 7, 2024
  • Millions more food stamp recipients required to work under new House GOP proposal

    February 24, 2025
  • Biden supports bringing adversarial nations into new UN cyber crime alliance

    November 12, 2024

Editor’s Pick

  • EURUSD and GBPUSD: The Euro pulls back to the support zone

    July 29, 2024
  • DOGE, Treasury discover $334M in improper payment requests due to foul codes

    April 30, 2025
  • Explosive new intelligence report reveals Iran’s nuclear weapons program still active

    May 28, 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