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

Johnson pushes ‘aggressive’ timetable for House to pass Trump’s budget bill after GOP mutiny: ‘We cannot fail’

by May 18, 2025
written by May 18, 2025

House Speaker Mike Johnson on Sunday defended the ‘aggressive’ timetable he is pushing to advance President Donald Trump’s ‘big, beautiful bill,’ saying the House remains on track to pass the ‘historic’ legislative package by Memorial Day. 

The House Budget Committee will reconvene at 10 p.m. Sunday night after a vote to advance the more than 1,100-page ‘One Big Beautiful Bill Act’ failed Friday, when five Republicans sided with committee Democrats to sink Trump’s sweeping tax bill. 

‘We’re on track, working around the clock to deliver this nation-shaping legislation for the American people as soon as possible,’ Johnson said during an appearance on ‘Fox News Sunday’ regarding ongoing negotiations. ‘All 11 of our committees have wrapped up their work, and they spent less and saved more than even we’ve projected initially. This really is a once in a generation opportunity that we have here.’ 

After the bill advances through the budget committee, Johnson said the plan is to move the legislative package to the House Rules Committee by mid-week and then to the House floor by the end of the week ‘so we meet our initial, our original Memorial Day deadline.’ 

‘It’s very important for people to understand why we’re being so aggressive on the timetable and why this really is so important,’ Johnson said. ‘This is the vehicle through which we will deliver on the mandate the American people gave us during the last election. You’re going to have historic savings for the American people, historic tax relief for American workers, historic investments in border security.

‘At the same time, we’re restoring American energy dominance, and we’re rebuilding the defense industrial base, and we’re ensuring that programs like Medicaid and SNAP are strengthened for U.S. citizens who need and deserve them and not being squandered away by illegal aliens and persons who are ineligible to receive them and are cheating the system,’ he added.

Johnson reiterated that making Trump’s 2017 tax cuts permanent by 2026 is critical and stressed that the package also eliminates taxes on overtime and tips – a 2024 Trump campaign promise. He said it also includes new tax relief for seniors on Social Security and cuts taxes on ‘job creators, so that will help everybody across the country at the same time as incentivizing American-made production and manufacturing.’ 

‘This is a big thing. We cannot fail, and we’ll get it done for the American people,’ Johnson said. 

South Carolina Rep. Ralph Norman and Texas Rep. Chip Roy are among critics from Johnson’s own party who say the speaker is not serious about cutting spending. They want work requirements for able-bodied adult Medicaid recipients to be implemented sooner than 2029 – a view Johnson told ‘Fox News Sunday’ that he shares, but the speaker added there is concern over the ability of the states to ‘retool their systems and ensure the verification process’ can be enforced. 

‘We’re working through all those details, and we’ll get it done, but I’ll tell you what, this is the largest spending reduction in at least three decades, probably longer. It’s historic,’ Johnson said, adding that the package has the support of Office of Management and Budget Director Russ Vought, as well as ‘nearly 500 organizations across the conservative spectrum’ including fiscally responsible groups who believe ‘that we’ve got to turn the tide in spending.’

‘We are. This is our opportunity to do it. It’s once in a generation, as I’ve said, and we can’t squander it,’ Johnson said. 

The speaker said that while he is confident he will be able to reach a compromise on the Medicaid work requirement to squash internal disputes, Republican leadership does not expect a single Democrat to vote for the bill. 

‘Which means that they will be on record apparently supporting the largest tax increase in U.S. history, which is what will happen by default after the end of this year if we do not get this job done. We have to accomplish this mission, and we will.,’ Johnson said.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Dems’ hearing meltdowns a play to the base, analysts say, as Trump noms keep pushing back in viral moments
next post
Rubio teases details of potential Trump, Putin in-person meeting after Russia-Ukraine ceasefire talks stall

related articles

Democrats under fire as food stamp funds run...

October 23, 2025

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Curtis Sliwa vows to be Zohran Mamdani’s ‘worst...

October 23, 2025

Vance visits church where Christians believe Jesus was...

October 23, 2025

New poll in key showdown for Virginia governor...

October 23, 2025

Americans could face airport chaos if Dems don’t...

October 23, 2025

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 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

  • U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown

    August 5, 2024
  • Kristi Noem beats Senate confirmation hurdle, advancing to final vote for DHS role

    January 25, 2025
  • Trump downplays China-Russia-Iran nuclear talks, says they may discuss ‘de-escalation’

    March 13, 2025
  • USSS assistant director encouraged to retire over Butler assassination attempt on Trump, source reveals

    September 10, 2024
  • Trump, Netanyahu to meet at White House as Israel seeks tariff relief, discussions on Iran, Gaza hostages

    April 7, 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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    December 4, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • From Biden’s ‘garbage’ to Trump’s ‘losers.’ Making sense of political insults in 2024

    October 30, 2024
  • S&P 500 and Nasdaq under heavy bearish pressure this week

    September 6, 2024
  • ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    January 14, 2025

Recent Posts

  • Chipotle earnings surge: Revenue up 18%, but margins under pressure

    July 25, 2024
  • FTSE All-Share Insights: Top Performing and Declining Stocks

    July 24, 2024
  • Pentagon threatens no new limits on Ukraine weapons if North Korea joins Russia’s war

    October 30, 2024

Editor’s Pick

  • Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

    November 15, 2024
  • Asia markets close: Nikkei rallies, China slips despite strong exports; investors await US-Beijing dialogue

    May 9, 2025
  • ‘Too aggressive militarily’: Trump talks Hegseth’s role pardoning service members accused of war crimes

    March 4, 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