Connect with us

Hi, what are you looking for?

TheSmartCitizenReport.com

BREAKING NEWS

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

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

Enter Your Information Below To Receive 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!

    You May Also Like

    BREAKING NEWS

    Israeli authorities said four Israeli Defense Forces (IDF) soldiers were killed and nearly 60 people were wounded in a drone strike on a military...

    BREAKING NEWS

    Rescue services in Israel said over 60 people were wounded, some of them critically, in a drone strike in Binyamina, Israel, which the Lebanon-based...

    BREAKING NEWS

    JOHANNESBURG – In what is described by some as electioneering and a last-minute attempt to leave a legacy, some observers say President Biden and...

    BREAKING NEWS

    Former President Trump ripped President Biden for going weeks without speaking with Israeli Prime Minister Benjamin Netanyahu as war continues raging in the nation,...

    BREAKING NEWS

    Vice President Kamala Harris and former President Donald Trump are locked in an extremely tight contest for the White House, with voters virtually split...

    BREAKING NEWS

    Voters in storm-ravaged parts of the Southeast could face new hurdles at the ballot box this year following the destruction wrought by Hurricanes Helene...

    BREAKING NEWS

    Former National Institutes of Health employee Margaret Moore, accused by Republicans of helping others shield emails from the public, invoked her Fifth Amendment right...

    BREAKING NEWS

    A ‘painful’Israeli response weighs over the heads of the Iranian regime after their ballistic missile attacks on Tel Aviv on Tuesday.  President Joe Biden has...

    Disclaimer: TheSmartCitizenReport.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.