Trump Plans to Rally House Republicans Divided on Tax Cut Bill
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Diverging Reports Breakdown
Trump’s No Good Very Bad Budget Bill
Sierra Club: Trump and Republicans in Congress are trying to sell off our clean air, water, and future to make corporate polluters even richer. GOP plan is to enact trillions of dollars in tax breaks for greedy billionaires like Elon Musk, who bought access to Trump. Republicans control Congress, the party is deeply divided on many of the worst cuts, especially to clean energy, health care and education. The time to stop the GOP’s mega budget bill is now. We know that Republicans are divided on the content of this legislation, so ramping up the pressure at this critical moment to ensure as many of them as possible vote no. We will continue to stand up to polluters and the politicians doing their bidding to stop Trump and Congressional Republicans from passing this deadly and dangerous bill. Demand your U.S. House Representative act to stop this bill by sending a message here. Write a letter to a local news outlet to express why we must stop this dangerous and dangerous budget bill. The Sierra Club and its millions of supporters are fighting back.
Source: Sierraclub.org | Read full article
Trump Administration Highlights: Republicans’ Sweeping Domestic Policy Bill in Peril
The House Budget Committee blocked the bill from coming to the floor on Friday. Republicans are pushing the package through Congress using a special process known as budget reconciliation. With tiny majorities in both chambers, they can afford to lose no more than three Republican votes in both the House and the Senate. The biggest problem for the tax plan, for now, is the state and local tax deduction, which would triple the current $10,000 limit on the cap to $30,000. But a group of holdout Republicans from high-tax states like New York have demanded an even higher increase to the cap, a challenging prospect for Republican leaders who also need the support of conservatives who hate the expensive tax break. The measure also includes several new, temporary tax cuts that Trump campaigned on, including his promises not to tax tips or overtime, with the benefit shrinking at higher income levels. The bill also includes tax hikes on universities, noncitizens and some families with children. And tighter eligibility rules for the child tax credit would take the benefit away from roughly two million children.
Source: Nytimes.com | Read full article
Trump tax bill passes key panel to advance in US Congress
Four hardline conservatives on the House Budget Committee, who had blocked the legislation on Friday, allowed the bill to move forward. House Speaker Mike Johnson is pushing to get full House approval before the U.S. Memorial Day holiday on May 26. House Republicans are divided over how deeply to slash spending to offset the cost of the tax cuts. Nonpartisan analysts say the bill would add $3 trillion to $5 trillion to the nation’s $36.2 trillion in debt over the next decade.. Moody’s cited the rising debt, which it said was on track to reach 134% of GDP by 2035, for its decision on Friday to downgrade its U.s. credit rating. The measure would extend Trump’s 2017 tax cuts, his signature first-term legislative achievement, reduce taxes on some tips and overtime income – both campaign promises. It would also boost defense spending and provide more funds for his border and immigration crackdown, among other things. The bill would kick 8.6 million people off Medicaid, the joint federal-state program for low-income Americans.
Source: Reuters.com | Read full article
Trump to join House Republicans as his tax bill nears deadline
U.S. President Donald Trump will join the congressional debate over his tax bill on Tuesday. Republicans who control the House of Representatives struggle to keep their fragile majority together. The meeting will include hardline conservatives who stalled Trump’s “one big beautiful bill” The bill would extend Trump’s 2017 tax cuts, reduce taxes on some tips and overtime income, boost defense spending and provide more funds for his border and immigration crackdown. But Republicans remained divided over major aspects of the bill, including cuts to Medicaid and limits on the deductibility of state and local taxes. The bill faces its next test at another hearing at 1 a.m. ET (0500 GMT) Wednesday, when the House Rules Committee weighs changes that the panel can adopt as a manager’s amendment before sending it to the floor for a possible Thursday vote on the bill. The measure would add $3 trillion to $5 trillion to the debt over next decade, according to nonpartisan Congressional Budget Office analysts, and would cut needed services to lower-income Americans.
Source: Reuters.com | Read full article
Republicans face a crucial stretch this week as they aim to deliver on Trump’s agenda
House Speaker Mike Johnson has already muscled a budget blueprint for the plan through the chamber. Swing district Republicans are worried dramatic cuts to safety net programs and popular tax incentives could endanger their reelection prospects. More conservative members are arguing that voters put a GOP trifecta in place to slash the deficit and restructure government programs. The proposed changes to Medicaid are expected to reap at least $715 billion in savings, according to an estimate by the nonpartisan Congressional Budget Office. But the CBO also found that at least 8.6 million people would lose their health insurance in the next 10 years if these changes were to go into effect.. Republicans propose making the 2017 Trump tax cuts that will expire at the end of 2025 permanent. In their full plan released Monday, the House Committee on Ways and Means added new tax breaks that the president campaigned on in 2024 — including no taxes on overtime pay or overtime pay, for example. The plan also does not include the per-person cap on federal spending that some lawmakers had called for.
Source: Npr.org | Read full article
GOP passes Trump’s ‘one big, beautiful bill’ in key US House committee vote
Four hardline Republicans, who had earlier blocked it, allowed the bill to proceed following closed-door talks on deeper spending cuts. The legislation, seen as a major Trump win, proposes eliminating taxes on tips, boosting defense funds, and
Source: M.economictimes.com | Read full article
House Republicans advance tax plan after pulling all-nighter, but deep divisions remain
The House Ways and Means Committee advanced a key portion of President Trump’s “big, beautiful” bill early Wednesday after an all-night debate. The measure would add an estimated $3.7 trillion to the debt over a 10-year period, according to an estimate from the Joint Committee on Taxation. The biggest hurdle to GOP harmony is the proposed SALT deduction cap, which a group of New York Republicans has rejected as “insulting.” The House Budget Committee is set to begin working on the bill on Friday. The tax bill is meant to include tax cuts and discretionary spending cuts, along with increases in funding for border security, defense, energy exploration and border security. It is being designed to clear the Senate via the reconciliation process in order to circumvent a Democratic filibuster, which requires 60 votes to overcome a 60-vote threshold. The bill is expected to be signed into law by the end of July, breaking news for the top news stories of the year.
Source: Newsbreak.com | Read full article
Global Perspectives Summary
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Sources
- Trump’s No Good Very Bad Budget Bill
- Trump Administration Highlights: Republicans’ Sweeping Domestic Policy Bill in Peril
- Trump tax bill passes key panel to advance in US Congress
- Trump to join House Republicans as his tax bill nears deadline
- Republicans face a crucial stretch this week as they aim to deliver on Trump’s agenda
- GOP passes Trump’s ‘one big, beautiful bill’ in key US House committee vote
- House Republicans advance tax plan after pulling all-nighter, but deep divisions remain
Source: https://www.bloomberg.com/news/articles/2025-05-19/trump-plans-to-rally-fractious-house-republicans-on-tax-cut-bill