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

The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan

BoldThemes by BoldThemes
February 7, 2025
in News, Politics
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

Finance Sector Leads as Bank SPDR Extends on Breakout

Next Post

Top Republican moves to restrict AI exports amid concerns over Chinese tech

BoldThemes

BoldThemes

Next Post

Top Republican moves to restrict AI exports amid concerns over Chinese tech

  • 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
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
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
S&P 500 on the Verge of 6,000: What’s at Stake?

S&P 500 on the Verge of 6,000: What’s at Stake?

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
S&P 500 on the Verge of 6,000: What’s at Stake?

S&P 500 on the Verge of 6,000: What’s at Stake?

June 4, 2025
Why ADX Can Mislead You — And How to Avoid It

Why ADX Can Mislead You — And How to Avoid It

June 4, 2025

Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

June 4, 2025

Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill

June 4, 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

    S&P 500 on the Verge of 6,000: What’s at Stake?

    S&P 500 on the Verge of 6,000: What’s at Stake?

    June 4, 2025
    Why ADX Can Mislead You — And How to Avoid It

    Why ADX Can Mislead You — And How to Avoid It

    June 4, 2025

    Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

    June 4, 2025

    Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill

    June 4, 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.