The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan
House Republican leaders spent nearly five hours at the White House on Thursday – some of it with President Donald Trump – as they tried to finalize the outline of their tax and spending cut package.
The plan is to release a framework with some numbers in the coming days.
Fox is told to expect north of $1 trillion in spending cuts. The bill would make permanent the 2017 Trump tax cuts. It is also likely the bill includes a provision to bar taxes on tips.
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Congress is racing to be ready to execute the recommendations of President Donald Trump’s new DOGE commission. (Getty Images)
House Republicans hoped to have a bill ready to go before the Budget Committee this week after their retreat at Mar-a-Lago.
But no dice.
Republicans hope to prep this bill before the House Budget Committee next week.
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House Speaker Mike Johnson, right, discusses President Donald Trump’s agenda during an appearance on “Sunday Morning Futures.” (Photo by Chip Somodevilla/Getty Images | Photo by Mustafa Yalcin/Anadolu via Getty Images/ Fox News Channel)
When asked if a plan would be unveiled Friday, Speaker Mike Johnson told Fox News, “nothing today” on paper or details of a budget package.
He said the committee markup may come Tuesday, but that there are a couple of details to “work out.”
Republicans need a budget framework adopted on the floor so they can use the budget reconciliation tool to bypass a Senate filibuster. No budget? No reconciliation option.
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House GOPers are feeling pressure from Senate Republicans who are pressing ahead with their own plan. Senate Republicans dine at Mar-a-Lago tonight with President Trump.
House Republicans are worried if they stumble at moving first, they could get jammed by the Senate.
