• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

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

by February 25, 2025
by February 25, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump officials list 5 weekly accomplishments ahead of Musk midnight deadline
next post
Long TAP: Molson Coors’ Robust Earnings and Strategic Focus Propel Bullish Momentum

Related Posts

Nixon to Now: How the Kitchen Debate Came...

May 16, 2025

Starbucks Doesn’t Want to Talk about the Financial...

May 16, 2025

When Will The Fed Cut Interest Rates?

May 16, 2025

Starbucks Doesn’t Want to Talk about the Financial...

May 16, 2025

Nixon to Now: How the Kitchen Debate Came...

May 16, 2025

When Will The Fed Cut Interest Rates?

May 16, 2025

Trump makes historic UAE visit as first US...

May 16, 2025

UAE’s president bestows highest civilian honor on Trump

May 16, 2025

US military would be unleashed on enemy drones...

May 16, 2025

House Dems open investigation into Trump’s acceptance of...

May 16, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

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

Recent Posts

  • Nixon to Now: How the Kitchen Debate Came Home

    May 16, 2025
  • Starbucks Doesn’t Want to Talk about the Financial Impact of Plastic Straws Policy

    May 16, 2025
  • When Will The Fed Cut Interest Rates?

    May 16, 2025
  • How to Build a Business Case for Accounts Receivable Automation in 2025

    May 16, 2025
  • Nixon to Now: How the Kitchen Debate Came Home

    May 16, 2025
  • Starbucks Doesn’t Want to Talk about the Financial Impact of Plastic Straws Policy

    May 16, 2025

Editors’ Picks

  • 1

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,123)
  • Editor's Pick (116)
  • Investing (155)
  • Stock (720)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Why Trump’s $5M ‘Gold Card’ Visa Is...

March 14, 2025

Mark Zuckerberg on the stand: ‘Crazy,’ ‘scary’...

April 16, 2025

Is Bitcoin Ready To Retire Gold?

April 30, 2025