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

Rich People Trades

Politics

Trump tax cuts survive key House hurdle as fiscal hawks threaten rebellion

by admin April 10, 2025
April 10, 2025
Trump tax cuts survive key House hurdle as fiscal hawks threaten rebellion

Legislation setting the stage for Republicans to pass a broad swath of President Donald Trump’s agenda survived an important hurdle on Wednesday afternoon.

House GOP lawmakers voted to allow for debate on the legislation, known as a ‘rule vote,’ a framework that serves as one of the first steps in the budget reconciliation process.

It’s still unclear whether House Republicans have enough support to pass the legislation itself, though GOP leaders have indicated they’re moving full steam ahead in a matter of hours.

‘I think we can get this job done. I understand the holdouts. I mean, their concerns are real. They really want to have true budget cuts and to change the debt trajectory that the country is on,’ Speaker Mike Johnson, R-La., told reporters ahead of the first vote..

The legislation advanced through the procedural hurdle in a narrow 216 to 215 vote, with three Republicans – Reps. Thomas Massie, R-Ky., Victoria Spartz, R-Ind., and Mike Turner, R-Ohio – voting with Democrats to block it.

Trump has directed Republicans to work on ‘one big, beautiful bill’ to advance his agenda on border security, defense, energy and taxes.

Such a measure is largely only possible via the budget reconciliation process. Traditionally used when one party controls all three branches of government, reconciliation lowers the Senate’s threshold for passage of certain fiscal measures from 60 votes to 51. As a result, it has been used to pass broad policy changes in one or two massive pieces of legislation.

Rule votes are traditionally not indicators of a bill’s final passage, and they generally fall along party lines. 

Several Republicans who voted to allow debate on the measure have said they will still oppose its final passage.

Passing frameworks in the House and Senate, which largely only include numbers indicating increases or decreases in funding, allows each chamber’s committees to then craft policy in line with those numbers under their specific jurisdictions. 

The House passed its own version of the reconciliation framework earlier this year, while the Senate passed an amended version last week. House GOP leaders now believe that voting on the Senate’s plan will allow Republicans to enter the next step of crafting policy.

But fiscal hawks have raised concerns about the differences in minimum mandatory spending cuts, which they hope will offset the cost of new federal investments and start a path to reducing the deficit.

The Senate’s version calls for at least $4 billion in spending cuts, while the House baseline begins at $1.5 trillion – a significant gap.

Conservatives have demanded extra guarantees from the Senate GOP that it is committed to pursuing deeper spending cuts in line with the House package.

‘They don’t have a plan that I’ve seen. So until I see that, I’m a no,’ Rep. Andy Ogles, R-Tenn., told Fox News Digital. 

Trump himself worked to persuade holdouts both in a smaller-scale White House meeting on Tuesday and in public remarks at the National Republican Congressional Committee (NRCC).

He also fired off multiple Truth Social posts pushing House Republicans to support the measure, even as conservatives argue it would not go far enough in fulfilling Trump’s agenda.

‘Republicans, it is more important now, than ever, that we pass THE ONE, BIG, BEAUTIFUL BILL. The USA will Soar like never before!!!’ one of the posts read.

This post appeared first on FOX NEWS

previous post
EXCLUSIVE: White House rolls out implementation of AI for federal employee records
next post
King Charles and Queen Camilla pay a surprise visit to recovering Pope Francis during Italy trip

Related Posts

Republicans urge Trump to follow through on his...

May 15, 2025

Trump to tap new national security advisor in...

May 5, 2025

Federal judge delays Labor Department’s request to block...

February 15, 2025

SCOOP: Trump ally’s Gulf of America bill sparks...

May 7, 2025

Biden aides considered ‘undemocratic’ actions to keep cognitive...

May 28, 2025

Axed government watchdog says Trump has right to...

March 8, 2025

Schumer says ‘oligarchs’ keep him up at night,...

March 19, 2025

I survived the Iran hostage crisis. People in...

April 12, 2025

Trump signs executive orders bolstering nuclear industry, domestic...

May 24, 2025

Elon Musk strategizes $1 trillion spending cuts with...

March 6, 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

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

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 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