New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Politics

Johnson reveals Trump’s wishes on delivering huge policy overhaul in closed-door meeting

by admin January 5, 2025
January 5, 2025
Johnson reveals Trump’s wishes on delivering huge policy overhaul in closed-door meeting

Speaker Mike Johnson, R-La., told Republican lawmakers on Saturday that President-elect Trump supports a conservative policy overhaul via a single large bill, three sources told Fox News Digital.

Trump wants both the House and Senate to have such a bill on his desk by May, the sources said. The president-elect’s buy-in will likely end the growing intraparty friction on how to pass Republican goals next year via a process known as ‘reconciliation,’ which lawmakers plan to use to pass conservative policy and budget changes.

House Republicans met behind closed doors in Washington’s Fort McNair on Saturday to discuss the plan.

Reconciliation allows the Senate to bypass its traditional 60-vote threshold in favor of a simple majority, provided the legislation is focused on budgetary and other fiscal matters.

Both parties have traditionally used reconciliation to pass broad policy changes in a single bill. But the legislation also goes through a strict assessment where the Senate parliamentarian is tasked with deciding what is and is not relevant to U.S. fiscal matters. 

Notably, Democrats previously tried to use reconciliation to pass mass amnesty measures, but they were blocked.

Republicans might face similar issues with their push to add border security provisions to the bill. They’re also aiming to use it to extend Trump’s Tax Cuts and Jobs Act (TCJA) of 2017, as well as to pass measures on energy and defense.

The apparent decision by Johnson on Saturday comes after Congressional Republicans were at odds over whether to pass one or two reconciliation bills.

It is a process normally used once per year, but Senate Majority Leader John Thune, R-S.D., floated a plan last month to split Republicans’ priorities into two bills – one dealing with the border and defense and a second aimed at preserving Trump’s tax policy. 

The plan was also backed by top Trump adviser Stephen Miller.

But that push angered Republicans on the House Ways and Means Committee, who warned that two reconciliation bills could be too big a lift, and putting taxes second could imperil remaining GOP tax provisions that are set to expire at the end of this year.

House Ways and Means Committee Chairman Jason Smith, R-Mo., pointed out on Fox Business Network’s’ ‘Mornings With Maria’ that Congress has not passed two reconciliation bills into law in one year since 1997.

‘I am saying we need a reconciliation bill that has border, energy, permitting and tax. You put all four of those things together, we can deliver on that,’ Smith said.

The panel put out a memo last month warning that everyday Americans could see their taxes rise by 22% if Trump’s tax policies expire.

But other lawmakers bristled at the idea that two bills were impossible.

House Freedom Caucus Chairman Andy Harris, R-Md., told Fox News Digital last month, ‘I think we need to prove to the American people that we can actually defend our borders. The bottom line is, I think they need to be on almost parallel tracks. But I do believe that taxes are much more complicated.’

Fox News Digital reached out to Thune and Smith’s offices for comment. Thune’s office responded and declined to comment, and Smith’s office did not immediately respond.

Related Topics

  • House of Representatives Deficit
  • House of Representatives
  • Republicans
This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump names latest White House staff picks as Jan. 20 inauguration approaches
next post
Trump hails Italy’s PM as a ‘fantastic woman’ as she visits him in Florida

Related Posts

Trump blasts Biden’s DOJ: They tried to turn...

March 15, 2025

Trump says he is pulling security clearances for...

February 10, 2025

‘Light on the truth’: Gabbard announces RFK files...

April 19, 2025

New bill would mandate gyms to carry equipment...

December 27, 2024

When it comes to ID, it’s time to...

May 1, 2025

Conservatives react to Kamala Harris’ latest ‘word salad’...

August 30, 2024

Mexican drug lord convicted in killing of DEA...

April 11, 2025

Biden to meet with national security team ahead...

August 5, 2024

Iran regime escalates repression toward ‘North Korea-style model...

July 4, 2025

Israel-Hamas war would ‘probably already been over’ if...

May 13, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • LEE ZELDIN: Trump’s EPA clearing the regulatory path for America to dominate the global AI revolution

      July 17, 2025
    • ‘Long overdue’: Senate Republicans ram through Trump’s clawback package with cuts to foreign aid, NPR

      July 17, 2025
    • Big government, big problems: Public corruption highest in places with large bureaucracies, report says

      July 17, 2025
    • These are the Republicans who voted against Trump’s $9 billion clawback of foreign aid, NPR funding

      July 17, 2025
    • Trump urged to aid Yemen’s anti-Houthi forces as terror group escalates attacks on shipping

      July 17, 2025
    • Ignore outrageous attacks on Trump’s DOJ champion. He belongs on the bench

      July 17, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 6

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 7

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024

    Categories

    • Business (1,411)
    • Investing (3,535)
    • Politics (4,621)
    • World (4,461)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.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 newmarketperspective.com | All Rights Reserved