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

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

by May 20, 2025
by May 20, 2025

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump hails cooperative effort at anti-revenge porn bill signing: ‘Bipartisanship is still possible’
next post
Conservative rips blue state Republican’s proposal to raise taxes on wealthy in SALT debate

Related Posts

Evergreens and Embers: What the Solstice Teaches Us...

December 25, 2025

Santa The Economic Terrorist

December 25, 2025

Top 5 takeaways from latest Jeffrey Epstein files...

December 25, 2025

MIKE DAVIS: FBI knew Mar-a-Lago raid was illegal,...

December 25, 2025

Here’s how the Cabinet secretaries and their families...

December 25, 2025

DOJ discovers more than 1M potential Epstein records,...

December 25, 2025

Trump-backed candidate Asfura wins Honduras presidential election

December 25, 2025

Christmas Eve jazz concert canceled at Kennedy Center...

December 25, 2025

Nearly 20 states sue HHS over declaration to...

December 25, 2025

Can Zohran Mamdani Force Doctors to Treat Patients?

December 24, 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

  • Why US sanctioned former EU official, 4 others; what it says about transatlantic tech rift

    December 25, 2025
  • GLP-1 weight-loss pills set to reshape US food demand in 2026

    December 25, 2025
  • US stocks hold steady on Christmas Eve as investors watch Santa Claus rally

    December 25, 2025
  • Agios Pharma jumps 15% as FDA expands use of anaemia drug mitapivat

    December 25, 2025
  • Nvidia stock plunges after Intel’s 18A move: what does it mean for AI chips?

    December 25, 2025
  • Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020

    December 25, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 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

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

    February 20, 2025
  • 5

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

    February 25, 2025
  • 6

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

    March 1, 2025
  • 7

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

    March 1, 2025

Categories

  • Economy (3,611)
  • Editor's Pick (372)
  • Investing (317)
  • Stock (2,432)
  • 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

GOP fractures over Hegseth’s ‘double-tap’ Caribbean strike...

December 3, 2025

When Will The Fed Cut Interest Rates?

May 16, 2025

Trump remains open to talks with Kim...

October 2, 2025