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 urges Congress to pass his agenda in a single, massive bill

by
January 6, 2025
in Economy
0
Trump urges Congress to pass his agenda in a single, massive bill

By Andy Sullivan

WASHINGTON – President-elect Donald Trump on Sunday urged his fellow Republicans in Congress to combine his priorities into one massive bill that would cut taxes, bolster border security and increase domestic energy production.

Trump said Republicans could cover the cost – which could amount to trillions of dollars – by raising tariffs on imported goods.

“Republicans must unite, and quickly deliver these Historic Victories for the American People. Get smart, tough, and send the Bill to my desk to sign as soon as possible,” he wrote on his Truth Social platform.

Republicans who control both chambers of Congress by narrow majorities have been weighing a complex legislative strategy that could allow them to bypass Democratic opposition to boost border spending and extend Trump’s 2017 tax cuts, which are due to expire this year.

Lawmakers have been divided over whether to pass those bills separately or combine them into one package, as Trump is urging.

A single bill could potentially allow them to fulfill Trump’s campaign promises quickly, but it could also alienate lawmakers who object to specific provisions. Republicans from high-tax states such as New York and New Jersey, for example, want to change some of the 2017 tax cuts that adversely affected residents in their districts.

Trump is also urging Republicans to eliminate taxes on tipped income, which could increase the overall cost of the legislation.

Republicans plan to invoke a set of complicated budget rules to pass these bills with simple majorities, rather than the supermajority needed to advance most bills in the Senate. That would mean they would not have to appeal to Democrats, but also would limit what they could include in the package.

Republicans also face a high-wire act in the House of Representatives, where their narrow 219-215 majority means they must stay united to pass legislation.

This post appeared first on investing.com
Previous Post

Thai central bank says interest rate hold was robust policy amid uncertainty

Next Post

Singapore’s competition watchdog clears AMD’s $4.9 bln acquisition of ZT Systems

Next Post
Singapore’s competition watchdog clears AMD’s $4.9 bln acquisition of ZT Systems

Singapore’s competition watchdog clears AMD’s $4.9 bln acquisition of ZT Systems

  • 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
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Best Buy launches third-party marketplace as it looks for sales drivers

Best Buy launches third-party marketplace as it looks for sales drivers

August 19, 2025
Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

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 admin urges Supreme Court to allow president to fire Federal Trade Commission member

Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

September 5, 2025
Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

September 5, 2025
Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

September 5, 2025
Paramount mandates 5-day-a-week return to office ahead of major cost cuts

Paramount mandates 5-day-a-week return to office ahead of major cost cuts

September 5, 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 admin urges Supreme Court to allow president to fire Federal Trade Commission member

    Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

    September 5, 2025
    Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    September 5, 2025
    Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

    Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

    September 5, 2025
    Paramount mandates 5-day-a-week return to office ahead of major cost cuts

    Paramount mandates 5-day-a-week return to office ahead of major cost cuts

    September 5, 2025

    Top News

    Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

    Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member

    September 5, 2025
    Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    September 5, 2025

    Latest News

    • Trump admin urges Supreme Court to allow president to fire Federal Trade Commission member
    • Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive
    • Hegseth vows to rebuild military deterrence so enemies ‘don’t want to f— with us’

    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.