• 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

Senate GOP hurtles toward nuclear option after deal...

September 11, 2025

Secret Service under pressure: What Kirk’s assassination means...

September 11, 2025

Israel’s strike in Qatar triggers rare US rebuke,...

September 11, 2025

What is a bolt action rifle? What we...

September 11, 2025

Ryan Routh chastised during opening statements in federal...

September 11, 2025

Country artist shares why he’s throwing his star...

September 11, 2025

Pastor recalls last moments with Charlie Kirk: ‘American...

September 11, 2025

EXCLUSIVE: House GOP report alleges $20B green grants...

September 11, 2025

Ryan Routh trial begins after jury seated in...

September 11, 2025

House Democrats open probe into FBI’s handling of...

September 11, 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

  • Chinese stocks surge on AI optimism, nearing three-year highs

    February 14, 2025
  • Blue state congressman ditches Dem playbook, seeks to codify Trump’s latest executive order

    May 16, 2025
  • ‘Dangerous message’: Top Republican raises concerns over trading Americans for ‘actual Russian criminals’

    August 1, 2024
  • House Republican campaign arm touts ‘unstoppable momentum’ with record fundraising haul

    April 15, 2025
  • Farage’s Reform UK beats out establishment parties in ‘earthquake’ elections

    May 2, 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

    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 (5,997)
  • Investing (634)
  • Stock (924)

Latest Posts

  • SCOTUS rules on nearly $2B in frozen USAID payments

    March 5, 2025
  • Harris said candidates must ‘earn’ voter support — despite skipping primaries before becoming Dem nominee

    October 8, 2024
  • Trump nominates Charles Kushner to serve as US ambassador to France: ‘Strong advocate’

    November 30, 2024

Recent Posts

  • House Democrat presses DOJ on Ghislaine Maxwell prison transfer, meeting with top official

    August 13, 2025
  • Harris-Trump showdown: New national poll shows who has the edge 2 weeks from Election Day

    October 24, 2024
  • Experts fear Venezuela’s Maduro could steal Sunday’s election as opposition leads in polls

    July 27, 2024

Editor’s Pick

  • JONATHAN TURLEY: Joe Biden’s pardon of son Hunter cements his legacy as liar in chief

    December 2, 2024
  • BofA forecasts semiconductor stocks’ rebound despite ongoing volatility: Key reasons explained

    August 12, 2024
  • Jimmy Carter’s presidency: A time of ‘malaise’ that led to the election of Ronald Reagan

    December 29, 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