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

GOP rebels mutiny against House leaders as Trump budget bill talks hit impasse

by February 11, 2025
written by February 11, 2025

The hard-line conservative House Freedom Caucus has released its own proposal to enact President Donald Trump’s agenda via the budget reconciliation process.

The plan would pair a debt ceiling increase and increased border security funding with deep spending cuts through welfare work requirements and rollbacks on progressive Biden administration initiatives.

It’s a sign that House GOP leaders have still not found consensus within the conference on a path forward, despite ambitious plans to get a bill through the chamber at the end of the month.

House and Senate Republicans are aiming to use their congressional majorities to pass a massive conservative policy overhaul via the budget reconciliation process.

By reducing the Senate’s threshold for passage from one-third to a simple majority, where the House already operates, Republicans will be able to enact Trump’s plans while entirely skirting Democratic opposition, provided the items included relate to budgetary and other fiscal matters.

GOP lawmakers want to include a wide swath of Trump priorities from more funding for border security to eliminating taxes on tipped and overtime wages.

But fiscal hawks have also demanded the package be deficit-neutral or deficit-reducing. Congressional leaders can afford little dissent with their razor-thin majorities and guaranteed lack of Democratic support.

The Freedom Caucus’s plan would follow through on conservatives’ pleas for deep spending cuts, pairing $200 billion in annual new spending for the border and national defense with $486 billion in spending cuts for the same 10-year period.

It would also include a $4 trillion increase in the debt ceiling, something Trump demanded be part of Republicans’ fiscal negotiations.

Spending cuts would be found in codifying rollbacks to the Biden administration’s electric vehicle mandates and imposing Clinton administration-era work requirements for certain federal benefits, among other measures.

The legislation leaves out one critical component of Trump’s reconciliation goals – the extension of his 2017-era Tax Cuts and Jobs Act.

House GOP leaders and Republicans on the Ways & Means Committee had pushed for them to be included alongside border security, debt ceiling, defense and energy measures in one massive reconciliation bill. 

They argued that leaving them for a second bill, which the House Freedom Caucus plan would do, will allow Trump’s tax cuts to expire at the end of this year before Congress has time to act.

The two-track approach is also favored by Senate Republicans, who are moving forward with their own plan this week.

Conservatives on the House Budget Committee pushed back against GOP leaders’ initial proposals for baseline spending cuts to offset new spending in the reconciliation plan, forcing the House to punt on plans to advance a resolution through the House Budget Committee last week.

Senate Budget Committee Chair Lindsey Graham, R-S.C., later announced plans to advance his own proposal through his committee by Thursday.

”The biggest loser this weekend wasn’t at the Super Bowl, but rather the American people,’ Rep. Andy Ogles, R-Tenn., told Fox News Digital. ‘The clock is ticking, and we are no closer to a budget deal, which is why the House Freedom Caucus released our Emergency Border Control Resolution Budget to secure our border and address Trump’s America First Agenda.’

House Freedom Caucus Chair Andy Harris, R-Md., said in a statement, ‘Given the current delay in the House on moving a comprehensive reconciliation bill, moving a smaller targeted bill now makes the most sense to deliver a win for the President and the American people.’

Rep. Michael Cloud, R-Texas, said, ‘The American people voted for Donald Trump to see action – not for Congress to sit on its hands while our short window to pass his America-First agenda closes.’

Supporters of the two-bill approach have said it would secure early wins on issues Republicans agree most on while leaving more complex matters like tax cuts for the latter half of the year.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor
next post
Trump says ceasefire should be canceled if hostages aren’t released by Saturday: ‘Let all hell break out’

related articles

Bernie Sanders says Israeli PM ‘wrong’ both in...

June 20, 2025

UN nuclear chief says Iran has material to...

June 20, 2025

‘No basis in reality’: Expert turns tables on...

June 20, 2025

The new map that could be guiding Trump’s...

June 20, 2025

Trump’s unpredictable Middle East moves actually follow a...

June 20, 2025

Iran talks with Europeans set for Friday; White...

June 20, 2025

Kurilla warfare: Meet the general leading US military...

June 19, 2025

US Ambassador to Israel Mike Huckabee indicates US...

June 19, 2025

US troops in the Middle East could face...

June 19, 2025

Mystery flights from China to Iran raise questions...

June 19, 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

  • 10 rising stars in Democrat, Republican parties expected to emerge in 2025

    December 31, 2024
  • Republicans weigh in on what they hope and expect to hear in Trump’s RNC speech: ‘This is his moment’

    July 18, 2024
  • Hurricane-hit battleground states face additional voting hurdles in run-up to Election Day

    October 15, 2024
  • Topshop teases a high-street comeback: can it thrive in today’s retail market?

    March 19, 2025
  • Biden least popular living president, poll says – but who takes the top spot?

    February 11, 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

    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

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,010)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Mike Waltz, other National Security Council staffers out in latest Trump purge following Signal chat leak

    May 1, 2025
  • Long KTOS: Kratos Defense, $1.45B Contract Spurs Hypersonic Growth, Next Stop, New Highs?

    January 7, 2025
  • Russia to share advanced satellite technology with North Korea, Blinken warns

    January 6, 2025

Recent Posts

  • Obama offers statement of support after Biden drops out of 2024 race: ‘Patriot of the highest order’

    July 21, 2024
  • Trump Cabinet official vows major food stamp reforms that will help hungry children

    April 29, 2025
  • Farm state Republicans appear skeptical about RFK Jr amid his quest for HHS confirmation

    December 18, 2024

Editor’s Pick

  • Trump FCC chair targets NPR, PBS for investigation ahead of Congressional threats to defund

    January 30, 2025
  • Vitesse Energy stock: How safe is the 9% dividend yield?

    August 12, 2024
  • What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000

    December 6, 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