House Republicans won in May with President Donald Trump’s “Big Beautiful Building.”
Next week, Senate Republicans get their turn to parse through a huge package, making tough changes that could sell if house speaker Mike Johnson (R-La.) could only afford to lose three votes.
Inside the late-night drama that led to Trump’s tax bill passing one vote
President Donald Trump will listen to questions during an event to award law enforcement officials at his elliptical office in the White House in Washington, DC on May 19 (AP Photo/Manuel Balce Ceneta)
Congressional Republicans will be in the dead sprint to get a megaville full of Trump’s policy desires for taxes, immigration, energy, defense and national debt at the president’s desk by early July.
Trump is throwing his support behind the current product, but said at a press conference in the oval office on Friday he expects the package to “sway a bit.”
“It will be negotiated with the Senate and the House of Representatives, but the final outcome is to extend Trump’s tax cuts,” he said.
“If it’s not approved, there will be a 68% tax increase,” the president continued. “You’re going to go up 68%. That’s a number no one has ever heard of before. You’ll be going to raise a huge tax.”
Senate majority leader John Tune (Rs.D.) has the same margin as Johnson and needs to cultivate support from the Senate GOP who wants to place his own fingerprints on the bill.
The senator wants to change proposals for many homes, including Medicaid reforms and a timeline to eliminate green energy tax credits, complaining about the rise in state and local tax (salt) deduction caps promoted by the moderate House Republic.
Scoop: House GOP Memo highlights Republican victory with Trump’s “big, beautiful bill”
Senate majority leader John Tune, Rs.D. will speak at a press conference following the Senate Republican Policy Luncheon held at the U.S. Capitol in Washington, DC on March 11 (Argo/Bloomberg via Getty Images)
Thune said many Republicans support the tax portion of the bill that seeks to make Trump’s first-term tax policy permanent, particularly the tax portion of the bill that is “stimulating, fostering growth, and brings greater economic growth.”
Much of the discussion from the upper room and future tweaks will focus on whether House recruitment has sufficiently deep spending cuts, he said.
“In terms of the spending aspect of the equation, this is a unique moment in our history of home and the Senate and the White House, and an opportunity to do something meaningful about managed government spending,” Thune said.
House Package has set a benchmark for spending cuts of $1.5 trillion over the next decade.
Some of the Senate GOP hope that the number has risen slightly to at least $2 trillion. This is based on a recent survey from the Joint Commission on Taxation, mainly because the tax portion of the package is expected to add nearly $4 trillion to the deficit.
“There are so many great things about this bill,” R-Kan said. Senator Roger Marshall told Fox News Digital. “The only thing I want to do is try to cut my spending. I would like to take a bit from a lot of places, not from just one place.”
Johnson Speaker clashes with Randpole over Trump’s bill’s “wimpy” spending cuts
Senator Ron Johnson, R-Wis. is in talks with reporters at the U.S. Capitol in Washington, DC, after the House passed one big beautiful bill law on May 22 (CQ-Roll Call, Inc. via Getty Images)
R-Wis. Like Senator Ron Johnson of , I’d love to see package cuts return to pre-pandemic spending levels.
Johnson is trying to snag the current bill, warning that the “amount of pressure” from Trump will not change his mind.
“President Trump has made a lot of promises,” Johnson said at an event in Wisconsin on Wednesday. “My promise is that we must consistently stop mortgageing our children’s future. [Republicans] Slowing this process until our leadership president is serious about returning to pre-pandemic levels. ”
Others are concerned about the proposed slash against Medicaid spending that Congressional Republicans have primarily pitched as reform efforts designed to eradicate waste, fraud and abuse in programs used primarily by millions of Americans.
Click here to get the Fox News app
A report from the Nonpartisan Congressional Budget Office (CBO) shows that the House package will see roughly $700 billion in cuts from the program, and some Senate Republicans will not support the change if benefits for their members are cut.
R-Mo. Sen. Josh Hawley, of The New York Times, warned last month in the OP-ED in the New York Times that cutting profits is “morally wrong and politically commits suicide.” Meanwhile, Sen. Susan Collins of R-Maine raised concerns about what the program cuts would do to her state’s rural hospitals.
“We cannot support a proposal that forces our hospitals and providers to be shaky at the edge of bankruptcy,” she said.
Alex Miller is a writer for Fox News Digital, which covers the US Senate.
Source link