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

Whale Large Capital

Politics

Leader Thune backs Senate GOP bid to speed past House on Trump budget plan

by February 6, 2025
February 6, 2025
Leader Thune backs Senate GOP bid to speed past House on Trump budget plan

: Senate Majority Leader John Thune, R-S.D., came out in support of a GOP effort in the upper chamber to get moving on legislation to advance President Donald Trump’s agenda.

It would be a significant departure from current plans for the House to pass a bill first, amid infighting by House Republicans over spending levels.

‘I appreciate Chairman Graham’s leadership in crafting a budget resolution that will unlock the ability to pass a reconciliation bill to secure the border, rebuild our military, and deliver a much-needed down payment on energy security,’ Thune told Fox News Digital in an exclusive statement. 

‘I am supportive of Chairman Graham’s efforts to advance the president’s priorities in the Senate, and I look forward to continuing our conversations with our House colleagues,’ he said. 

Earlier on Wednesday, ahead of a lunch with key Republicans, Senate Budget Committee Chairman Lindsey Graham, R-S.C., unveiled his plan to advance the bill through a key procedural hurdle next week. The House planned to move a bill this week, but leaders were forced to punt after conservatives balked at what they saw as a low threshold for spending cuts to offset the cost of new funding to implement Republican border and defense policies.

Now, with Thune’s blessing, Graham’s plan is primed to quickly maneuver through the Senate, getting a significant advantage over any competing House GOP efforts. 

Republicans in Washington, D.C., are preparing to use the budget reconciliation process to achieve a wide range of Trump proposals from border security to eliminating taxes on tips and overtime pay.

The reconciliaiton process lowers the threshold to advance a bill in the Senate from 60 votes to just 51. And with a 53-vote majority in the upper chamber, Republicans are poised to push policies through with only support from the GOP conference.

At the same time, with razor-thin margins in the House and Senate, the party can afford very few defectors. 

The first step in the crucial budget reconciliation process is marking up and advancing a bill through the Senate and House budget committees.

The budget that is headed to the Senate’s committee would be part of a two-pronged approach, with the first bill including Trump’s priorities for border security, fossil fuel energy and national defense.

This plan would see a second bill focusing on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA) later in the year. 

In a statement, Graham confirmed his plan to move forward on the two-bill plan. His office advised that next week there would indeed be a committee vote on a Fiscal Year 2025 budget resolution, which ‘will be the blueprint that unlocks the pathway forward for a fully paid for reconciliation bill to secure the border, bolster our military and increase American energy independence.’

‘To those who believe that Republicans should fulfill their promises on border security, mass deportation of criminal illegal aliens: I agree,’ Graham said. 

‘That is why the Senate Budget Committee will be moving forward next week to give the Trump Administration’s Border Czar, Tom Homan, the money he needs to finish the wall, hire ICE agents to deport criminal illegal immigrants, and create more detention beds so that we do not release more dangerous people into the country. This will be the most transformational border security bill in the history of our country. It’s time to act,’ he continued. 

While many Senate Republicans have espoused a preference for two bills to be passed this year through the key budget reconciliation process, they have faced significant opposition in the House, where the House Ways & Means Committee and House GOP leaders have pushed for one large bill with all of Trump’s priorities. 

House leaders had intended to make the first move in the process. But the Senate passing their own bill first could essentially force the lower chamber to contend with whatever product comes from the other side of Capitol Hill, instead of dictating their starting point themselves. 

Trump has previously said he preferred one large bill, but avoided demanding it. Rather, the president has left it with Congress, urging them to employ whichever strategy can be carried out quickest.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Disney tops quarterly profit estimates but starts to lose Disney+ streaming subscribers
next post
Philippine Vice President Duterte impeached over alleged Marcos assassination plot and other allegations

You may also like

DOGE Wars: Ruling expected as states seek restraining...

February 18, 2025

2024 showdown: What happens next in the Kamala...

August 24, 2024

Trump accepts jet from Qatar, will refit to...

May 21, 2025

Chief Justice John Roberts pauses judge’s order for...

February 27, 2025

Billy Ray Cyrus explains Trump inaugural ball performance...

January 22, 2025

SCOOP: Judge Boasberg impeachment push gains support despite...

April 1, 2025

Trump: Jimmy Carter died a happy man because...

April 17, 2025

Trump admin cheers ‘important steps’ as Paraguay targets...

April 25, 2025

White House yet to release visitor logs for...

November 20, 2024

Bipartisan bill seeks to stop pharmacy middlemen from...

March 18, 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

    • Peru’s plan to drastically reduce Nazca Lines park size sparks concerns over environmental and heritage risks

      June 3, 2025
    • Trump’s fresh White House portrait sparks interest amid controversy over National Portrait Gallery leadership

      June 3, 2025
    • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’

      June 3, 2025
    • Mexican president hails first judicial election a ‘complete success’ after just 13% turnout

      June 3, 2025
    • Trump administration open to allowing Iran to continue some uranium enrichment: report

      June 3, 2025
    • ‘Squad’ members condemn antisemitic attack in Boulder after years of controversy

      June 2, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,318)
    • World News (2,914)
    • 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