Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

Trump budget bill in peril as warring House GOP factions threaten rebellion

by admin February 25, 2025
February 25, 2025
Trump budget bill in peril as warring House GOP factions threaten rebellion

House Republicans’ mammoth budget reconciliation bill is in peril on Monday evening with at least two GOP lawmakers threatening to vote against it.

House GOP leaders are hoping to hold a vote Tuesday on a vast bill advancing President Donald Trump’s priorities on the border, defense, taxes, and energy. 

But at least two House Republicans have said they oppose the legislation – and the GOP’s razor-thin margins mean Speaker Mike Johnson, R-La., can only afford one defector to still pass anything along party lines, if all Democratic lawmakers are present.

Rep. Tim Burchett, R-Tenn., told reporters he was against the bill on Monday, the day after Rep. Victoria Spartz, R-Ind., said she was also opposed. Both said they are seeking assurances that Congress is sufficiently committed to cutting government over-spending.

Meanwhile, a group of GOP lawmakers in less ruby-red districts are still undecided over potentially severe cuts to Medicaid and other federal programs to offset the cost of Trump’s priorities.

Rep. Nicole Malliotakis, R-N.Y., told reporters there was ‘somewhere between six and 10’ House Republicans who needed more clarity on where spending cuts will fall.

‘If I don’t get answers, I’m not going to vote for it,’ Malliotakis said. ‘But if I can get some clarity and assurances, then you know, we’re moving a little bit more toward the ‘yes’ column.’

Malliotakis said on the way into Johnson’s office Monday that there was ‘a lot of seniors and people with disabilities’ in her district, ‘and I want to make sure they’re not gonna get harmed in this process.’

Rep. Juan Ciscomani, R-Ariz., who was also part of that meeting, called it ‘helpful’ but did not commit to supporting the bill.

Malliotakis and Rep. Tony Gonzales, R-Texas, also said they were still undecided when leaving the meeting.

Spartz is also expected to meet with Johnson at some point Monday to discuss her stance.

Burchett, however, told reporters he had no current plans to speak with Johnson about his opposition – but left room to be persuaded.

‘I would like to see a commitment that we’re going to go after [spending cuts],’ Burchett said. ‘When we say we’re decreasing the rate of growth, we’re still growing. And again, can we not just go back to pre-COVID spending levels?’

Rep. Thomas Massie, R-Ky., also signaled he was against the bill, writing on X, ‘If the Republican budget passes, the deficit gets worse, not better.’

House and Senate Republicans are aiming to use their majorities to pass a broad swath of Trump policies, from more border security funding to eliminating taxes on tipped and overtime wages, via the budget reconciliation process.

By leveling thresholds for passage in the House and Senate at a simple majority, reconciliation allows the party in power to pass fiscal legislation without any support from the opposing side. The Senate has a two-thirds majority threshold to advance most measures. 

The bill aims to increase spending on border security, the judiciary and defense by roughly $300 billion, while seeking at least $1.5 trillion to $2 trillion in spending cuts elsewhere.

As written, the bill also provides $4.5 trillion to extend Trump’s 2017 Tax Cuts and Jobs Act (TCJA) provisions, which expire at the end of this year.

This post appeared first on FOX NEWS

previous post
‘If you don’t answer … you’re fired’: Trump stands behind Musk’s DOGE productivity email
next post
Highway overpass collapses, killing at least four construction workers in South Korea

Related Posts

Schumer calls on Leland Dudek, acting commissioner of...

April 16, 2025

Big-name anchors going independent, making money in the...

April 8, 2025

Trump says US will ‘take a pass’ on...

April 19, 2025

Howard Lutnick confirmed as Trump’s commerce secretary

February 19, 2025

Musk opens up about dinner party that soured...

February 19, 2025

Senate forces rare weekend vote to push through...

January 26, 2025

‘Make NATO great again’: Hegseth pushes European allies...

February 14, 2025

DOJ sues four blue states over ‘unconstitutional’ climate...

May 2, 2025

Trump’s authority to fire officials questioned in court...

March 8, 2025

Chuck Schumer will vote to keep government open:...

March 14, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 4

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.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 richpeopletrades.com | All Rights Reserved