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

Whale Large Capital

Politics

Trump descends on Capitol Hill to patch Republican divides on his ‘one big, beautiful bill’

by May 19, 2025
May 19, 2025
Trump descends on Capitol Hill to patch Republican divides on his ‘one big, beautiful bill’

President Donald Trump will descend on Capitol Hill Tuesday morning where he’s expected to meet with House Republicans on his ‘one, big, beautiful bill.’

Trump is attending the House GOP’s weekly conference meeting, three House GOP sources and two White House officials confirmed to Fox News Digital and Fox News Radio, respectively. It’s normally an hour-long session behind closed doors where Republicans discuss the week’s agenda and any outstanding issues.

The president is expected to rally Republicans around the massive piece of legislation designed to advance his agenda on tax, immigration, defense, energy, and raising the debt limit.

It’s a significant escalation in the president’s involvement in the process so far.

House Republicans, meanwhile, have several critical differences to resolve before their self-imposed deadline to pass the bill by Memorial Day.

Conservatives are pushing for the bill to be more aggressive on cutting waste, fraud, and abuse in the Medicaid system, including a faster timeline for implementing work requirements for able-bodied recipients. Currently, the legislation has work requirements kicking in in 2029.

Moderates, meanwhile, have been wary of making significant cuts to the program.

Fiscal hawks are also pushing for a total and near-immediate repeal of the former Biden administration’s green energy subsidies in the Inflation Reduction Act (IRA), noting it was a Trump campaign promise – while other Republicans have pointed out businesses in their districts are benefiting from the tax relief.

There’s also disagreement over raising the state and local tax (SALT) deduction cap, a critical issue for blue state Republicans representing high-cost-of-living districts. GOP lawmakers in lower-tax states have dismissed it as a giveaway to high-tax Democrat-controlled areas, however.

News of Trump’s likely appearance on Capitol Hill comes after Speaker Mike Johnson, R-La., said on a lawmaker-only call on Monday morning that the president is ready and willing to play an active role in discussions.

‘He wants to be involved as much as we need him,’ Johnson told House GOP colleagues.

The speaker also said he spoke with Trump by phone on Monday morning, and the president was ‘very excited, very encouraged.’

Republicans are working to pass Trump’s policies on tax, immigration, energy, defense, and the national debt all in one massive bill via the budget reconciliation process.

GOP lawmakers also see it as an opportunity to put the country on a better fiscal path, with the national debt already having surpassed $36 trillion.

Budget reconciliation lowers the Senate’s threshold for passage from 60 votes to 51, thereby allowing the party in power to skirt the minority – in this case, Democrats – to pass sweeping pieces of legislation, provided they deal with the federal budget, taxation, or the national debt.

House Republicans are hoping to advance Trump’s bill through the House by the end of this week, with a goal of a final bill on the president’s desk by Fourth of July.

The House Rules Committee, the final gatekeeper before a House-wide vote, is set to take up the bill at 1 a.m. on Wednesday.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Putin just showed Trump how little he needs him
next post
Trump considers former defense attorney Emil Bove for federal appeals court vacancy

You may also like

Trump executive order stands up presidential religious liberty...

May 1, 2025

‘Malign influence’: Top Biden official faces backlash ahead...

November 15, 2024

‘Damn right’: Liz Cheney’s past USAID employment faces...

February 6, 2025

Obama reacts to Biden diagnosis: ‘Nobody has done...

May 19, 2025

Havana Syndrome study shut down after mishandling data

September 14, 2024

Biden admin outlaws Palestinian organization for funding terrorism:...

October 16, 2024

Trump nominee Tulsi Gabbard clears last hurdle, heads...

February 11, 2025

Who is Samantha Power? Meet the Biden-era USAID...

February 6, 2025

Blue state AGs accuse Vance of spreading ‘dangerous...

February 15, 2025

Trump budget bill hits turbulence ahead of House...

February 24, 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

    • House GOP channels ‘Nighthawks’ as they try to pass Trump’s ‘big, beautiful bill’

      May 20, 2025
    • Four arrested under Tokyo’s strict yakuza gang laws – but not for the reason you think

      May 20, 2025
    • ‘Dead of night’: Dems accuse GOP of cowardice over late-night votes on Trump’s ‘big, beautiful’ budget bill

      May 20, 2025
    • Trump-pardoned real estate mogul Charles Kushner confirmed for key diplomatic post

      May 20, 2025
    • El Salvador arrests human rights lawyer critical of President Bukele

      May 20, 2025
    • Trump calls Biden’s cancer diagnosis ‘very sad’ while questioning timeline: ‘Wasn’t informed’

      May 19, 2025

    Categories

    • Business (628)
    • Investing (661)
    • Politics (4,142)
    • World News (2,770)
    • 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