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

Whale Large Capital

Politics

GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting

by February 5, 2025
February 5, 2025
GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting

Republican spending hawks in the House of Representatives are pushing their leaders to include at least $2.5 trillion in spending cuts in a massive piece of legislation intended to advance President Donald Trump’s agenda.

Republicans held their weekly closed-door agenda meeting on Wednesday where they discussed a path forward via the budget reconciliation process. 

By lowering the threshold in the Senate from two-thirds to a simple majority – which the House already operates under – reconciliation allows the party in power to pass sweeping fiscal policy changes while skirting the opposition.

Several sources told Fox News Digital there was significant ‘frustration’ within the House GOP conference on Wednesday over a lack of a concrete final plan from Republican leadership. 

One GOP lawmaker said that tension bubbled up with several ‘heated exchanges,’ with conservatives demanding a concrete plan and minimum spending cuts at significantly higher levels than what was initially proposed.

‘I think there’s a lot of frustration right now,’ the lawmaker told Fox News Digital. ‘They’ve been trying to be inclusive, but not every open forum they’ve offered is giving members the ability to say, ‘I feel like people are listening to me,’ because I don’t know that’s the case right now.’

There’s also concern that the Senate, which is growing impatient with the House, could move forward with its own plan if the House doesn’t release one first – which House Republicans worry will include much shallower spending cuts than what could pass in the lower chamber.

‘What we’re worried about is losing the opportunity. I think we’re more likely to cut than they are,’ a second GOP lawmaker said.

Senate Budget Committee Chairman Lindsey Graham R-S.C., announced plans to move forward with the upper chamber’s own bill on Wednesday afternoon. He now plans to advance a measure through his committee next week.

A third House Republican said GOP lawmakers were fed up waiting for a ‘play call.’

But senior House GOP aides pushed back on the notion there was no play call, pointing out that Republican leaders held countless listening sessions culminating at the recent three-day House GOP retreat in Miami to consult members and emerge with a blueprint for a one-bill strategy that maintains scoring flexibility. The aides said the reconciliation process has had a 95% participation rate among House Republicans.

House GOP leaders were forced to delay a key vote on advancing a reconciliation bill through the House Budget Committee, the first step in the process, after spending hawks pushed back on initial proposals for spending cuts between $300 billion and $600 billion.

House Majority Leader Steve Scalise, R-La., said on Tuesday night that it would likely be planned for next week, but that leaders’ final goal of having a bill on Trump’s desk in May remained unimpeded. 

Three sources told Fox News Digital that leaders are floating a plan that would include roughly $1.65 trillion as a baseline for spending cuts, though two people stressed they saw the figure as one of several tentative ideas rather than a final plan.

Two other sources said it would also include measures that lead to an additional $1.65 trillion in economic growth.

Republicans are trying to pass a broad swath of Trump policies via reconciliation, from more funding for border security to eliminating taxes on tips and overtime wages. Trump has also made clear that he views extending his Tax Cuts and Jobs Act (TCJA) of 2017 as vital to the process.

The tax cuts have proved a sticking point with some spending hawks, however, because several estimates show they could add upwards of $1 trillion to the federal deficit over 10 years if extended. Those spending hawks have said they support extending the tax cuts but are seeking deep funding rollbacks elsewhere to offset them.

Three people involved in the discussions also told Fox News Digital that House GOP leaders are considering extending the TCJA tax cuts by five years instead of 10 to mitigate those concerns.

Reps. Chip Roy, R-Texas, and Ralph Norman, R-S.C., two conservative members of the House Budget Committee, both told reporters they wanted to see the baseline for spending cuts set at roughly $2.5 trillion.

Roy told reporters that $2.5 trillion would amount to roughly $250 billion per year in federal savings over 10 years – while pointing out the U.S. was currently running a $36 trillion national debt.

House GOP leaders vowed to seek $2.5 trillion in spending cuts back in December, to get conservatives on board with a bill averting a partial government shutdown.

‘They said $2.5 trillion of cuts. So, deliver. That will unlock the door,’ Roy said.

Norman told reporters multiple times this week that he wants between $2 trillion and $3 trillion in cuts.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
USAID staffers stunned, angered by Trump admin’s DOGE shutdown of $40B agency
next post
GOP lawmaker scraps with Democrat in hearing over transgender ‘slur,’ bathroom rights: ‘Not going to have it’

You may also like

Israel slams UN for ignoring aid already in...

July 15, 2025

Dozens of prominent veterans sign onto letter supporting...

December 6, 2024

GREGG JARRETT: CIA report makes it clear Trump...

July 9, 2025

Senators leapfrog House Republicans on anticipated Trump budget...

February 5, 2025

American Airlines flight carrying US lawmakers ‘bumped’ by...

April 10, 2025

COUNTDOWN: Harris has just 4 days left to...

August 27, 2024

Tulsi Gabbard confirmation vote kicks off Wednesday morning...

February 12, 2025

GOP rep who hasn’t voted in months living...

December 22, 2024

DAVID MARCUS: Elon Musk heads to the backwoods...

February 11, 2025

Trump says Walz ’embarrassed himself’ compared to Vance’s...

October 2, 2024

    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

    • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’

      September 1, 2025
    • Former FBI Director Robert Mueller has Parkinson’s disease: report

      September 1, 2025
    • Trump says he will require voter ID with executive order

      August 31, 2025
    • Trump nominees squeezed between ‘blue slips’ and blue obstruction

      August 31, 2025
    • Trump appointee exits US foreign aid agency after four-month sprint: ‘Mission accomplished’

      August 31, 2025
    • Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

      August 31, 2025

    Categories

    • Business (786)
    • Investing (661)
    • Politics (5,418)
    • World News (3,213)
    • 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 © 2025 WhaleLargeCapital.com | All Rights Reserved