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

Trump tax cut plan heads for House-wide vote despite GOP rebel threats, Medicaid anxiety

by February 25, 2025
written by February 25, 2025

House Republicans’ mammoth budget resolution survived its final hurdle late Monday night before heading for a chamber-wide vote.

The legislation passed the House Rules Committee on a party-line vote in a measure combining several bills that are expected to get a full House vote this week.

House GOP leaders aim to have it pass on Tuesday evening, Fox News Digital was told, but various concerns about spending cut levels could put that goal out of reach. Under the current margins, House Speaker Mike Johnson, R-La., can only lose one Republican vote to pass a bill without Democrats. 

Rep. Victoria Spartz, R-Ind., announced over the weekend that she is against the current text, while several other fiscal hawks suggested their support is still up in the air.

Two other conservatives, Reps. Tim Burchett, R-Tenn., and Thomas Massie, R-Ky., signaled they would oppose the resolution as well.

Some Republicans are worried about potentially damaging cuts to Medicaid and other federal benefit programs that their constituents rely on. Johnson met with some of those potential holdouts on Monday night for what he called a ‘very productive conversation.’

The speaker sounded optimistic when leaving the Capitol late on Monday, telling reporters, ‘We’re on track. We got the resolution through rules, and we’re expecting to vote tomorrow evening.’

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 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. 

That agreement alarmed Republicans on the House Ways & Means Committee, like Rep. Nicole Malliotakis, R-N.Y.

‘I don’t think that is doable without affecting beneficiaries, and I’ve expressed that concern to leadership and in talking to some of my colleagues,’ Malliotakis told Fox News Digital last week.

Johnson met with Malliotakis and other members of the Congressional Hispanic Conference, a House GOP group, on Monday night to discuss their concerns about spending cuts in the bill. The New York Republican was more optimistic when leaving the meeting late on Monday night, telling reporters that GOP leaders had eased her concerns.

‘I’d say now I’ve shifted from undecided to lean yes,’ Malliotakis told reporters. ‘This is moving in the right direction.’

GOP lawmakers are working to pass a broad swath of Trump policies – from investments in defense and border security to eliminating taxes on tipped and overtime wages – via the budget reconciliation process. 

The mechanism allows the party in control of both houses of Congress to pass a tax and budget bill without help from the opposing party. To do so, it lowers the threshold for passage in the Senate from two-thirds to a simple majority, where the House already sits.

The Senate advanced a narrower version of the plan last week, which does not include Trump’s tax cut priorities. Because the president favors all the issues being wrapped up into one bill, however, it has been relegated to a de facto backup plan if the House fails to pass its plan on a reasonable timeline.

The House Rules Committee is the final gatekeeper for most pieces of legislation before a chamber-wide vote. 

The committee will normally debate a set of bills, not necessarily related ones, before setting terms for amendments and debate and advancing those terms out of committee as a single ‘rules package.’

House lawmakers will then vote on the rules package before the final reconciliation framework.

Once this bill passes the House, the relevant committees will get to work filling the framework out with detailed policy priorities, which will then be returned as a final bill that will need to face House passage again.

Johnson said at the Americans for Prosperity event on Monday that he wants that to happen sometime in April.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
EXCLUSIVE: Trump warns major Dem against move that could cost voters trillions
next post
Putin says Russia is open to economic cooperation with US on rare earth minerals

related articles

Trump ‘not interested’ in de-escalation with ‘unhinged’ leader...

October 23, 2025

Jack Smith pushes for public testimony to confront...

October 23, 2025

Mayor Eric Adams endorses Andrew Cuomo as his...

October 23, 2025

Trump freezes out Putin for lack of ‘enough...

October 23, 2025

Essential workers left unpaid after Senate Democrats kill...

October 23, 2025

Democrats under fire as food stamp funds run...

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
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

  • Israeli officials object to expected UN Security Council ceasefire resolution

    June 4, 2025
  • REP. JAMES COMER: Biden family pardons a confession to selling out America

    January 25, 2025
  • Trump to rename Persian Gulf the Arabian Gulf ahead of US-Iran nuclear talks, Middle East trip: report

    May 7, 2025
  • Mike Johnson punts House vote on Trump tax agenda after GOP rebellion threatened defeat

    April 10, 2025
  • Federal judge blocks 5 Trump tariff executive orders

    May 29, 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 (6,513)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Elon Musk explores moves to unseat Starmer before next UK elections, FT reports

    January 9, 2025
  • ‘We are suffering’: Omar challenger rips Walz for pushing same ‘dangerous’ policies as ‘Squad’

    August 9, 2024
  • Tesco Share Price: Forecast and Live Update

    August 2, 2024

Recent Posts

  • Bill Barr testifies he didn’t see info that would ‘implicate’ Trump in Epstein case, Comer says

    August 18, 2025
  • Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon

    July 29, 2024
  • Sullivan claims Biden admin leaves Russia, China and Iran ‘weaker,’ America ‘safer’ before Trump handoff

    January 12, 2025

Editor’s Pick

  • Waltz tells Iran to give up nuclear program or ‘there will be consequences’

    March 23, 2025
  • Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes

    August 27, 2025
  • NBC ripped up its Olympics playbook for 2024 — so far, the new strategy paid off

    September 4, 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