Welt Hok
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Welt Hok
No Result
View All Result
Home Latest News

Trump’s ‘big, beautiful’ tax agenda scores major victory in House despite GOP rebellion threats

admin by admin
April 10, 2025
in Latest News
0
Trump’s ‘big, beautiful’ tax agenda scores major victory in House despite GOP rebellion threats

In a massive victory for President Donald Trump and House Speaker Mike Johnson, R-La., the House of Representatives passed a bill Thursday that will set the stage for a massive conservative policy overhaul.

The legislation passed mostly along party lines on Thursday morning after a long night of negotiations between House GOP leaders and fiscal hawks who were critical of its spending cut levels.

Just two Republicans voted against the legislation – Reps. Thomas Massie, R-Ky., and Victoria Spartz, R-Ind. – which passed 216 to 214. No Democrats supported it, as expected. Johnson and Senate Majority Leader John Thune, R-S.D., held a press conference on Thursday morning in a bid to allay conservatives’ concerns.

‘I’m happy to tell you that this morning, I believe we have the votes to finally adopt the budget resolution so we can move forward on President Trump’s very important agenda for the American people,’ Johnson said. ‘Our first big, beautiful reconciliation package here, involves a number of commitments. And one of those is that we are committed to finding at least $1.5 trillion in savings for the American people, while also preserving our essential programs.’

Thune added, ‘We are aligned with the House in terms of what their budget resolution outlined in terms of savings. The speaker has talked about $1.5 trillion. We have a lot of United States senators who believe in that as a minimum.’

It comes after the House’s initial plan to vote on the legislation on Wednesday was quickly scuttled at the last minute in the face of more than a dozen Republican holdouts.

Several of those holdouts said Thune’s public commitment helped sway them in comments to reporters after the vote.

‘As a chief ally of the president and advocate for his agenda, my colleagues and I worked diligently with the Speaker and Senate Leadership to achieve a historic $1.5 trillion agreement to cut spending,’ Rep. Andy Ogles, R-Tenn., told Fox News Digital. ‘There is much work ahead, but we are committed to working together and restoring fiscal accountability to Washington DC.’

Rep. Chip Roy, R-Texas, told reporters, ‘We have now three strong statements from the speaker, the president and the Senate Majority Leader. We did not have those 48 hours ago. We do now.’

Congressional Republicans are working on a massive conservative policy overhaul via the budget reconciliation process. By lowering the Senate’s threshold for passage from 60 votes to 51, it allows the party in power to pass significant fiscal and budgetary policy changes.

In this case, Republicans are looking for some added funds for border security, defense, and to raise the debt ceiling – while paring back spending on the former Biden administration’s green energy policies and in other sections of the federal government, likely including entitlement programs.

GOP lawmakers are also looking to extend Trump’s 2017 Tax Cuts and Jobs Act, the provisions of which expire at the end of this year. They will also need new funding for Trump’s efforts to eliminate taxes on tipped and overtime wages.

The House passed its own version of the plan earlier this year, calling for at least $1.5 trillion in spending cuts to offset the new spending and attempt to bring down the national debt – which is over $36 trillion. The Senate’s plan closely aligns with the House version, but mandates a minimum of $4 billion in cuts, a significant gap to bridge.

An unrelated vote was held open for over an hour on Wednesday night, with lawmakers growing impatient on the House floor, while Johnson huddled in a back room with holdouts. 

One House Republican told Fox News Digital there was some frustration with how Johnson handled the matter.

‘He kept the entire conference out on the floor for 80 minutes while you play graba– with these people,’ the GOP lawmaker fumed. ‘And all day it was like, ‘Oh, we’re going to get this done.”

That House Republican said, ‘All the chatter we were hearing was [holdouts were] down to single digits. But 17 … 20 people were in that room. So clearly there was a much bigger problem than they were letting on all day.’

Traditionally, the House and Senate must pass identical reconciliation frameworks to begin the work of crafting policy to fit into that framework. 

Republicans are also working up against the clock – the debt ceiling is expected to be reached sometime this summer, after which the U.S. government risks a national default if it does not raise that limit to pay its debts.

Trump’s 2017 tax cuts are also projected to expire at the end of this year if they are not extended. 

This post appeared first on FOX NEWS
Previous Post

DAVID MARCUS: Trump’s tariff triumph big step for America’s comeback

Next Post

Greenpeace UK leader arrested for targeting American embassy with ‘ blood-red dye’: report

Next Post
Greenpeace UK leader arrested for targeting American embassy with ‘ blood-red dye’: report

Greenpeace UK leader arrested for targeting American embassy with ‘ blood-red dye’: report

  • Trending
  • Comments
  • Latest
Trump claims Putin, Xi, Kim are conspiring against the US after military parade in China

Trump claims Putin, Xi, Kim are conspiring against the US after military parade in China

September 3, 2025
Trade Surplus: Key Insights and Impacts on Currency

Trade Surplus: Key Insights and Impacts on Currency

August 30, 2024
Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

January 3, 2025
Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

January 5, 2025
Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

0
Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

0
Biden nearly died of an aneurysm. Risky surgery changed his life.

Biden nearly died of an aneurysm. Risky surgery changed his life.

0
Stellar and Bitcoin Cash: Stellar still in a bearish trend

Stellar and Bitcoin Cash: Stellar still in a bearish trend

0
Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

December 18, 2025
201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

December 18, 2025
Magnitude ‘cannot be overstated’: Feds say Minnesota fraud may be more than $9B

Magnitude ‘cannot be overstated’: Feds say Minnesota fraud may be more than $9B

December 18, 2025
China warns of rising war risk after historic US arms sale to Taiwan

China warns of rising war risk after historic US arms sale to Taiwan

December 18, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    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.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • Trending
    • Comments
    • Latest
    Trump claims Putin, Xi, Kim are conspiring against the US after military parade in China

    Trump claims Putin, Xi, Kim are conspiring against the US after military parade in China

    September 3, 2025
    Trade Surplus: Key Insights and Impacts on Currency

    Trade Surplus: Key Insights and Impacts on Currency

    August 30, 2024
    Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    Mike Johnson re-elected House speaker as GOP mutiny threat dissolves

    January 3, 2025
    Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

    Who is Giorgia Meloni? Trump hosts Italian PM at Mar-a-Lago

    January 5, 2025
    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    0
    Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

    Candidate who filmed himself in the Capitol on Jan. 6 seeks House seat

    0
    Biden nearly died of an aneurysm. Risky surgery changed his life.

    Biden nearly died of an aneurysm. Risky surgery changed his life.

    0
    Stellar and Bitcoin Cash: Stellar still in a bearish trend

    Stellar and Bitcoin Cash: Stellar still in a bearish trend

    0
    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    December 18, 2025
    201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

    201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

    December 18, 2025
    Magnitude ‘cannot be overstated’: Feds say Minnesota fraud may be more than $9B

    Magnitude ‘cannot be overstated’: Feds say Minnesota fraud may be more than $9B

    December 18, 2025
    China warns of rising war risk after historic US arms sale to Taiwan

    China warns of rising war risk after historic US arms sale to Taiwan

    December 18, 2025

    Top News

    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel

    December 18, 2025
    201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

    201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries

    December 18, 2025

    Latest News

    • Scandal leaves International Criminal Court grasping for legitimacy amid probe of Israel
    • 201 House Democrats vote against blocking Medicaid dollars for kids’ transgender surgeries
    • Magnitude ‘cannot be overstated’: Feds say Minnesota fraud may be more than $9B

    About Welthok

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 welthok.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 welthok.com | All Rights Reserved