Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Trump descends on Capitol Hill to patch Republican divides on his ‘one big, beautiful bill’

by
May 19, 2025
in Latest News
0
Trump descends on Capitol Hill to patch Republican divides on his ‘one big, beautiful bill’

President Donald Trump will descend on Capitol Hill Tuesday morning where he’s expected to meet with House Republicans on his ‘one, big, beautiful bill.’

Trump is attending the House GOP’s weekly conference meeting, three House GOP sources and two White House officials confirmed to Fox News Digital and Fox News Radio, respectively. It’s normally an hour-long session behind closed doors where Republicans discuss the week’s agenda and any outstanding issues.

The president is expected to rally Republicans around the massive piece of legislation designed to advance his agenda on tax, immigration, defense, energy, and raising the debt limit.

It’s a significant escalation in the president’s involvement in the process so far.

House Republicans, meanwhile, have several critical differences to resolve before their self-imposed deadline to pass the bill by Memorial Day.

Conservatives are pushing for the bill to be more aggressive on cutting waste, fraud, and abuse in the Medicaid system, including a faster timeline for implementing work requirements for able-bodied recipients. Currently, the legislation has work requirements kicking in in 2029.

Moderates, meanwhile, have been wary of making significant cuts to the program.

Fiscal hawks are also pushing for a total and near-immediate repeal of the former Biden administration’s green energy subsidies in the Inflation Reduction Act (IRA), noting it was a Trump campaign promise – while other Republicans have pointed out businesses in their districts are benefiting from the tax relief.

There’s also disagreement over raising the state and local tax (SALT) deduction cap, a critical issue for blue state Republicans representing high-cost-of-living districts. GOP lawmakers in lower-tax states have dismissed it as a giveaway to high-tax Democrat-controlled areas, however.

News of Trump’s likely appearance on Capitol Hill comes after Speaker Mike Johnson, R-La., said on a lawmaker-only call on Monday morning that the president is ready and willing to play an active role in discussions.

‘He wants to be involved as much as we need him,’ Johnson told House GOP colleagues.

The speaker also said he spoke with Trump by phone on Monday morning, and the president was ‘very excited, very encouraged.’

Republicans are working to pass Trump’s policies on tax, immigration, energy, defense, and the national debt all in one massive bill via the budget reconciliation process.

GOP lawmakers also see it as an opportunity to put the country on a better fiscal path, with the national debt already having surpassed $36 trillion.

Budget reconciliation lowers the Senate’s threshold for passage from 60 votes to 51, thereby allowing the party in power to skirt the minority – in this case, Democrats – to pass sweeping pieces of legislation, provided they deal with the federal budget, taxation, or the national debt.

House Republicans are hoping to advance Trump’s bill through the House by the end of this week, with a goal of a final bill on the president’s desk by Fourth of July.

The House Rules Committee, the final gatekeeper before a House-wide vote, is set to take up the bill at 1 a.m. on Wednesday.

This post appeared first on FOX NEWS
Previous Post

Trump hails cooperative effort at anti-revenge porn bill signing: ‘Bipartisanship is still possible’

Next Post

Conservative rips blue state Republican’s proposal to raise taxes on wealthy in SALT debate

Next Post
Conservative rips blue state Republican’s proposal to raise taxes on wealthy in SALT debate

Conservative rips blue state Republican’s proposal to raise taxes on wealthy in SALT debate

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

January 8, 2025
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

January 3, 2025
China expands scope of consumer trade-ins for home appliances

China expands scope of consumer trade-ins for home appliances

January 8, 2025
Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

May 19, 2025
Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

May 19, 2025
Reagan admin official who helped America defeat communism dead at age 83

Reagan admin official who helped America defeat communism dead at age 83

May 19, 2025
Trump considers former defense attorney Emil Bove for federal appeals court vacancy

Trump considers former defense attorney Emil Bove for federal appeals court vacancy

May 19, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

    Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

    May 19, 2025
    Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

    Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

    May 19, 2025
    Reagan admin official who helped America defeat communism dead at age 83

    Reagan admin official who helped America defeat communism dead at age 83

    May 19, 2025
    Trump considers former defense attorney Emil Bove for federal appeals court vacancy

    Trump considers former defense attorney Emil Bove for federal appeals court vacancy

    May 19, 2025

    Top News

    Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

    Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

    May 19, 2025
    Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

    Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’

    May 19, 2025

    Latest News

    • Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’
    • Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’
    • Reagan admin official who helped America defeat communism dead at age 83

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.