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

Trump tax cut plan hits turbulence ahead of House vote as Republicans split

by February 24, 2025
written by February 24, 2025

A massive piece of legislation that House Republicans hope will advance a broad swath of President Donald Trump’s agenda is facing its final hurdle on Monday before a chamber-wide vote.

The House Rules Committee, the final gatekeepers for most bills before a House floor vote, is meeting to debate a measure that GOP leaders want to have on Trump’s desk by sometime in May.

The bill aims 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 bill also provides $4.5 trillion to extend Trump’s 2017 Tax Cuts and Jobs Act (TCJA) provisions, which expire at the end of this year.

It comes after the Senate held an all-night session to advance its own version of the Trump plan last week. In the Senate Republicans’ budget plan, the first reconciliation bill includes Trump’s priorities for border security, energy and national defense, while the second bill, to be drawn up later in the year, would focus on extending Trump’s tax policies from TCJA.

Since the commander in chief has already telegraphed his preference for House Republicans’ proposal, the Senate bill has been relegated to a de facto backup plan if the House is not able to pass its own. This much was relayed to senators by Vice President JD Vance last week as he gave them the White House’s blessing to push their bill forward, a source told Fox News Digital. 

Current margins dictate House Republicans can only lose one vote to still pass a bill without Democratic support.

Rep. Victoria Spartz, R-Ind., wrote on X Sunday night that she was against the bill as written.

‘Why I am a NO on the current version of the house budget instructions – I have a TRILLION DOLLAR QUESTION – where is the money – $1T? Interesting FACT: roughly 85% of spending is not ever even looked at by Congress – convenient if you would like to hide waste, fraud and abuse,’ Spartz announced.

Other Republicans have expressed concerns over the $880 billion in spending cuts under the Energy & Commerce Committee, which many have taken to mean at least some cuts to federal programs like Medicaid.

The House version of the bill differs from the Senate in that the latter version does not include funding for Trump’s tax cuts. Senate GOP leaders argue that splitting Trump’s priorities into two bills will allow the party to secure early victories on the border and defense, places where there is more agreement within the conference.

However, House Republican leaders contend that Republicans have not passed two reconciliation bills since the 1990s and under far more favorable margins.

Both chambers are contending with razor-thin margins and an ideologically diverse Republican conference as they look to make major conservative policy changes via the budget reconciliation process this year. 

By leveling thresholds for passage in the House and Senate at a simple majority, reconciliation allows the party in power to pass fiscal legislation without any support from the opposing side. The Senate has a two-thirds majority threshold to advance most measures.

It is not clear, however, whether Trump’s support for the House plan will be enough to get it over the line. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Starbucks to lay off 1,100 corporate workers as sales sag
next post
‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

related articles

Justice Jackson accuses Supreme Court of ensuring Trump...

August 22, 2025

Trump–Bolton feud back in focus after FBI raid:...

August 22, 2025

John Bolton blasted by Trump ally Roger Stone,...

August 22, 2025

James Comer praises Kash Patel for ‘holding deep...

August 22, 2025

Trump DOJ to begin handing over Epstein files...

August 22, 2025

TikTok isn’t enough to stop Gen Z from...

August 22, 2025

Zelenskyy seeks ‘strong reaction’ from US if Putin...

August 22, 2025

Trump administration wins Supreme Court fight to slash...

August 22, 2025

Pentagon unveils new medal for troops deployed in...

August 21, 2025

Federal judge rules Trump appointee Alina Habba is...

August 21, 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

  • Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown

    June 3, 2025
  • How on-time rent payments can help ‘credit invisible’ consumers be seen

    July 18, 2024
  • GOP Sen. Joni Ernst officially backs Pete Hegseth for DOD after initial uncertainty

    January 15, 2025
  • IAG Share Price Forecast for 2024: A Comprehensive Analysis

    August 6, 2024
  • Pro-Gaza candidates elected despite gender segregation, antisemitism controversies

    May 3, 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 (5,789)
  • Investing (634)
  • Stock (894)

Latest Posts

  • Red Cross receives bodies of 4 slain hostages during Israel-Hamas exchange

    February 27, 2025
  • DNC policy platform slammed over ‘explicit’ Title IX protections for LGBT students: ‘Flagrant lawlessness’

    August 20, 2024
  • Trump’s ‘great time to buy’ post sparks market manipulation claims: calls for probe grow

    April 11, 2025

Recent Posts

  • Trump revokes Biden order allowing transgender troops in bid to rid DEI from military

    January 22, 2025
  • Jim Cramer and Treasury Secretary Scott Bessent hold contrasting views on market correction

    March 19, 2025
  • Oil and natural gas: Oil is back on the positive side

    March 20, 2025

Editor’s Pick

  • RFK Jr urges Catholics to vote for Trump in new ad

    October 25, 2024
  • House Dems push Garland to drop charges, release second part of Jack Smith report

    January 16, 2025
  • Donald Trump fires National Portrait Gallery director for being ‘strong supporter’ of DEI

    May 30, 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