Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Johnson pushes ‘aggressive’ timetable for House to pass Trump’s budget bill after GOP mutiny: ‘We cannot fail’

by May 18, 2025
May 18, 2025
Johnson pushes ‘aggressive’ timetable for House to pass Trump’s budget bill after GOP mutiny: ‘We cannot fail’

House Speaker Mike Johnson on Sunday defended the ‘aggressive’ timetable he is pushing to advance President Donald Trump’s ‘big, beautiful bill,’ saying the House remains on track to pass the ‘historic’ legislative package by Memorial Day. 

The House Budget Committee will reconvene at 10 p.m. Sunday night after a vote to advance the more than 1,100-page ‘One Big Beautiful Bill Act’ failed Friday, when five Republicans sided with committee Democrats to sink Trump’s sweeping tax bill. 

‘We’re on track, working around the clock to deliver this nation-shaping legislation for the American people as soon as possible,’ Johnson said during an appearance on ‘Fox News Sunday’ regarding ongoing negotiations. ‘All 11 of our committees have wrapped up their work, and they spent less and saved more than even we’ve projected initially. This really is a once in a generation opportunity that we have here.’ 

After the bill advances through the budget committee, Johnson said the plan is to move the legislative package to the House Rules Committee by mid-week and then to the House floor by the end of the week ‘so we meet our initial, our original Memorial Day deadline.’ 

‘It’s very important for people to understand why we’re being so aggressive on the timetable and why this really is so important,’ Johnson said. ‘This is the vehicle through which we will deliver on the mandate the American people gave us during the last election. You’re going to have historic savings for the American people, historic tax relief for American workers, historic investments in border security.

‘At the same time, we’re restoring American energy dominance, and we’re rebuilding the defense industrial base, and we’re ensuring that programs like Medicaid and SNAP are strengthened for U.S. citizens who need and deserve them and not being squandered away by illegal aliens and persons who are ineligible to receive them and are cheating the system,’ he added.

Johnson reiterated that making Trump’s 2017 tax cuts permanent by 2026 is critical and stressed that the package also eliminates taxes on overtime and tips – a 2024 Trump campaign promise. He said it also includes new tax relief for seniors on Social Security and cuts taxes on ‘job creators, so that will help everybody across the country at the same time as incentivizing American-made production and manufacturing.’ 

‘This is a big thing. We cannot fail, and we’ll get it done for the American people,’ Johnson said. 

South Carolina Rep. Ralph Norman and Texas Rep. Chip Roy are among critics from Johnson’s own party who say the speaker is not serious about cutting spending. They want work requirements for able-bodied adult Medicaid recipients to be implemented sooner than 2029 – a view Johnson told ‘Fox News Sunday’ that he shares, but the speaker added there is concern over the ability of the states to ‘retool their systems and ensure the verification process’ can be enforced. 

‘We’re working through all those details, and we’ll get it done, but I’ll tell you what, this is the largest spending reduction in at least three decades, probably longer. It’s historic,’ Johnson said, adding that the package has the support of Office of Management and Budget Director Russ Vought, as well as ‘nearly 500 organizations across the conservative spectrum’ including fiscally responsible groups who believe ‘that we’ve got to turn the tide in spending.’

‘We are. This is our opportunity to do it. It’s once in a generation, as I’ve said, and we can’t squander it,’ Johnson said. 

The speaker said that while he is confident he will be able to reach a compromise on the Medicaid work requirement to squash internal disputes, Republican leadership does not expect a single Democrat to vote for the bill. 

‘Which means that they will be on record apparently supporting the largest tax increase in U.S. history, which is what will happen by default after the end of this year if we do not get this job done. We have to accomplish this mission, and we will.,’ Johnson said.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Dems’ hearing meltdowns a play to the base, analysts say, as Trump noms keep pushing back in viral moments
next post
Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

You may also like

Harris doubles down on ‘fascist’ comments at start...

October 24, 2024

‘DEI activism’: Republican AGs praise Trump SEC move...

February 12, 2025

While Trump, Biden claim credit for Israel-Hamas cease-fire,...

January 17, 2025

Rubio makes progress with Russia after Trump promised...

February 18, 2025

Melania Trump questions ‘whether Jill’s concern was genuine’...

November 13, 2024

House Republicans face down Dem attacks, protests to...

May 14, 2025

Opponents of antisemitism on campus frustrated by Schumer’s...

November 2, 2024

McConnell’s mental acuity targeted by Trump after ex-Senate...

February 16, 2025

Conservative group debuts major ad buy in key...

December 12, 2024

Buttigieg ‘got nothing done,’ Duffy declares: ‘Pete appears...

May 2, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Joe Biden diagnosed with ‘aggressive form’ of prostate cancer with metastasis to the bone

      May 18, 2025
    • Rubio teases details of potential Trump, Putin in-person meeting after Russia-Ukraine ceasefire talks stall

      May 18, 2025
    • Romania’s pro-EU candidate has lead over hard-right nationalist, preliminary election data shows

      May 18, 2025
    • Johnson pushes ‘aggressive’ timetable for House to pass Trump’s budget bill after GOP mutiny: ‘We cannot fail’

      May 18, 2025
    • Biden’s woes converge: Last-minute pardons under fire, calls for prosecution mount following Hur tape release

      May 18, 2025
    • Dems’ hearing meltdowns a play to the base, analysts say, as Trump noms keep pushing back in viral moments

      May 18, 2025

    Categories

    • Business (628)
    • Investing (661)
    • Politics (4,117)
    • World News (2,754)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved