Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

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
0
FacebookTwitterGoogle +Pinterest
previous post
Durham medical supplier clinches multi-million pound funding boost
next post
NIH resumes critical grant-making process after federal communications freeze at HHS

You may also like

IT’S OVER… Democrats Pull Out of Swing-State Florida...

October 27, 2022

Trump says US has given Iran proposal for...

May 16, 2025

Netanyahu vows to invade Rafah regardless of potential...

February 26, 2024

Trump says he is open to extending trade...

June 12, 2025

House Intel Chair Turner brings Biden’s alleged mishandling...

September 29, 2023

OpEd: Defeat the Globalist UniParty with a Bottom-up...

November 14, 2022

Here’s what I’d like you all to remember...

April 15, 2024

Border Patrol forced to keep migrants outdoors in...

August 6, 2023

Key Senate chairman criticizes ‘anonymous sources with ulterior...

January 23, 2025

DOGE’s greatest hits: Look back at the department’s...

April 29, 2025

IT’S OVER… Democrats Pull Out of Swing-State Florida...

October 27, 2022

Trump says US has given Iran proposal for...

May 16, 2025

Netanyahu vows to invade Rafah regardless of potential...

February 26, 2024

Trump says he is open to extending trade...

June 12, 2025

House Intel Chair Turner brings Biden’s alleged mishandling...

September 29, 2023

OpEd: Defeat the Globalist UniParty with a Bottom-up...

November 14, 2022

Here’s what I’d like you all to remember...

April 15, 2024

Border Patrol forced to keep migrants outdoors in...

August 6, 2023

Key Senate chairman criticizes ‘anonymous sources with ulterior...

January 23, 2025

DOGE’s greatest hits: Look back at the department’s...

April 29, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

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

    Recent Posts

    • My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

      July 15, 2025
    • New EV discount scheme offers up to £3,750 off electric cars under £37,000

      July 15, 2025
    • Fear of return-to-office mandates harming employee wellbeing, survey finds

      July 15, 2025
    • America has the power to lead the AI revolution – and the leadership to make it happen

      July 15, 2025
    • Bitcoin hits new high as Trump’s ‘crypto week’ kicks off

      July 15, 2025
    • Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

      July 15, 2025

    Categories

    • Business (8,480)
    • Investing (2,121)
    • Politics (16,037)
    • Stocks (3,209)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.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.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved