Top Investing Today
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Top Investing Today
No Result
View All Result
Home News

Johnson reveals Trump’s wishes on delivering huge policy overhaul in closed-door meeting

BoldThemes by BoldThemes
January 4, 2025
in News, Politics
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Speaker Mike Johnson, R-La., told Republican lawmakers on Saturday that President-elect Trump supports a conservative policy overhaul via a single large bill, three sources told Fox News Digital.

Trump wants both the House and Senate to have such a bill on his desk by May, the sources said. The president-elect’s buy-in will likely end the growing intraparty friction on how to pass Republican goals next year via a process known as ‘reconciliation,’ which lawmakers plan to use to pass conservative policy and budget changes.

House Republicans met behind closed doors in Washington’s Fort McNair on Saturday to discuss the plan.

Reconciliation allows the Senate to bypass its traditional 60-vote threshold in favor of a simple majority, provided the legislation is focused on budgetary and other fiscal matters.

Both parties have traditionally used reconciliation to pass broad policy changes in a single bill. But the legislation also goes through a strict assessment where the Senate parliamentarian is tasked with deciding what is and is not relevant to U.S. fiscal matters. 

Notably, Democrats previously tried to use reconciliation to pass mass amnesty measures, but they were blocked.

Republicans might face similar issues with their push to add border security provisions to the bill. They’re also aiming to use it to extend Trump’s Tax Cuts and Jobs Act (TCJA) of 2017, as well as to pass measures on energy and defense.

The apparent decision by Johnson on Saturday comes after Congressional Republicans were at odds over whether to pass one or two reconciliation bills.

It is a process normally used once per year, but Senate Majority Leader John Thune, R-S.D., floated a plan last month to split Republicans’ priorities into two bills – one dealing with the border and defense and a second aimed at preserving Trump’s tax policy. 

The plan was also backed by top Trump adviser Stephen Miller.

But that push angered Republicans on the House Ways and Means Committee, who warned that two reconciliation bills could be too big a lift, and putting taxes second could imperil remaining GOP tax provisions that are set to expire at the end of this year.

House Ways and Means Committee Chairman Jason Smith, R-Mo., pointed out on Fox Business Network’s’ ‘Mornings With Maria’ that Congress has not passed two reconciliation bills into law in one year since 1997.

‘I am saying we need a reconciliation bill that has border, energy, permitting and tax. You put all four of those things together, we can deliver on that,’ Smith said.

The panel put out a memo last month warning that everyday Americans could see their taxes rise by 22% if Trump’s tax policies expire.

But other lawmakers bristled at the idea that two bills were impossible.

House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital last month, ‘I think we need to prove to the American people that we can actually defend our borders. The bottom line is, I think they need to be on almost parallel tracks. But I do believe that taxes are much more complicated.’

Fox News Digital reached out to Thune and Smith’s offices for comment. Thune’s office responded and declined to comment, and Smith’s office did not immediately respond.

Related Topics

  • House of Representatives Deficit
  • House of Representatives
  • Republicans

This post appeared first on FOX NEWS
Previous Post

Re-Engagement Campaigns: How to Win Back Inactive Subscribers

Next Post

Trump names latest White House staff picks as Jan. 20 inauguration approaches

BoldThemes

BoldThemes

Next Post

Trump names latest White House staff picks as Jan. 20 inauguration approaches

  • Trending
  • Comments
  • Latest
The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

The Connectivity Standards Alliance Product Security Working Group Launches the IoT Device Security Specification 1.0

March 19, 2024
Israel says UN ‘deceiving’ world over aid delays to Gaza

Israel says UN ‘deceiving’ world over aid delays to Gaza

March 28, 2024
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

February 6, 2024
Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

Gold and Silver Set to Smash Records: Could 2024 Be Their Biggest Year Yet?

May 17, 2024

Republicans struggle with Trump’s mixed signals on ‘big, beautiful bill’

0
Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

Amid growing criticism of Biden foreign policy, experts credit wins while leaving room for improvement

0
Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

Conservative backlash to Israel aid bill could force Johnson to seek Democrat support again

0
Precision Manufacturing For Sensitive Equipment With CNC Machining

Precision Manufacturing For Sensitive Equipment With CNC Machining

0

Republicans struggle with Trump’s mixed signals on ‘big, beautiful bill’

May 15, 2025
Hot Tech Innovators: ABI Research Names Globalstar, Iridium, and EchoStar Mobile Among 8 Top Satellite Operators Innovating in the IoT Market

Hot Tech Innovators: ABI Research Names Globalstar, Iridium, and EchoStar Mobile Among 8 Top Satellite Operators Innovating in the IoT Market

May 15, 2025
Identiv, ZATAP and Genuine-Analytics Partner to Digitally Authenticate Fine Wines Using Specialized IoT and Blockchain Technology

Identiv, ZATAP and Genuine-Analytics Partner to Digitally Authenticate Fine Wines Using Specialized IoT and Blockchain Technology

May 15, 2025
Intelsat, Cubic³ Complete Vehicle Satellite Connectivity Test, Advancing Ubiquitous Connectivity Vision

Intelsat, Cubic³ Complete Vehicle Satellite Connectivity Test, Advancing Ubiquitous Connectivity Vision

May 15, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    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!

    Recent News

    Republicans struggle with Trump’s mixed signals on ‘big, beautiful bill’

    May 15, 2025
    Hot Tech Innovators: ABI Research Names Globalstar, Iridium, and EchoStar Mobile Among 8 Top Satellite Operators Innovating in the IoT Market

    Hot Tech Innovators: ABI Research Names Globalstar, Iridium, and EchoStar Mobile Among 8 Top Satellite Operators Innovating in the IoT Market

    May 15, 2025
    Identiv, ZATAP and Genuine-Analytics Partner to Digitally Authenticate Fine Wines Using Specialized IoT and Blockchain Technology

    Identiv, ZATAP and Genuine-Analytics Partner to Digitally Authenticate Fine Wines Using Specialized IoT and Blockchain Technology

    May 15, 2025
    Intelsat, Cubic³ Complete Vehicle Satellite Connectivity Test, Advancing Ubiquitous Connectivity Vision

    Intelsat, Cubic³ Complete Vehicle Satellite Connectivity Test, Advancing Ubiquitous Connectivity Vision

    May 15, 2025
    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Contact

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Politics
    • Stock
    • Economy
    • Editor’s Pick

    Copyright © 2024 Topinvestingtoday.com. All Rights Reserved.