Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Politics

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

by admin May 20, 2025
May 20, 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

previous post
Schumer ripped for placing blame on Trump, DOGE for deadly Mexican Navy crash in NYC: ‘He is an idiot’
next post
Trump considers former defense attorney Emil Bove for federal appeals court vacancy

Related Posts

Trump signs executive order making English official language...

March 2, 2025

Elon Musk tapped to help lead investigation into...

March 27, 2025

Parents of American murdered by Hamas make ‘plea’...

February 10, 2025

Dem lawmaker seethes RFK Jr’s ‘legitimacy’ as HHS...

May 15, 2025

Ukraine unveils 600-mile cruise missile that can reach...

March 18, 2025

Trump says Waltz doesn’t need to apologize over...

March 26, 2025

Here’s what happened during Trump’s 11th week in...

April 6, 2025

Senate kicks off all-night ‘vote-a-rama’ as Democrats plan...

April 5, 2025

Energy chief envisions US nuclear renaissance: restoring ‘pit’...

March 31, 2025

How Trump-blocking judges managed to get past Senate...

March 30, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    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

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.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 daytradingreports.com | All Rights Reserved