• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Politics

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

by February 7, 2025
February 7, 2025

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
NIH resumes critical grant-making process after federal communications freeze at HHS
next post
Recapping the Cato Tax Boot Camp

Related Posts

Iran attacks US base in Qatar, Trump thanks...

June 24, 2025

Trump hails ‘monumental’ damage as experts await verdict...

June 24, 2025

Trump admin secures pledge from 75% of health...

June 24, 2025

Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts...

June 24, 2025

Hakeem Jeffries demands Trump ‘justify’ striking Iran, but...

June 24, 2025

Israeli President Herzog: Israel ‘not dragging’ US into...

June 23, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • Walmart to pay $10 million to settle lawsuit over money transfer fraud

      June 24, 2025
    • Apple sued by shareholders who allege it overstated AI progress

      June 24, 2025
    • Lagging Mid-cap ETF Hits Moment of Truth

      June 24, 2025
    • The Best Five Sectors, #24

      June 24, 2025
    • This Week’s Earnings Watch: Turnarounds and Momentum Plays

      June 24, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    Dominican judge rules in Iowa witness’ favor in...

    March 19, 2025

    VP Vance blasts McConnell’s vote against Trump Pentagon...

    April 9, 2025

    Biden DOJ weaponized FACE Act to imprison pro-life...

    February 26, 2025