Overview
- House Republicans have started committee markups on a reconciliation bill that includes extending Trump-era tax cuts, increasing defense and border spending, and addressing $1.5 trillion in spending cuts.
- The Energy and Commerce Committee is tasked with finding $800 billion in Medicaid cuts, a contentious issue dividing conservatives and moderates within the party.
- Leadership, including Speaker Mike Johnson, is pushing for the bill to be finalized by Memorial Day, though some lawmakers view this as an ambitious target rather than a firm deadline.
- The bill also seeks to make Trump’s 2017 tax cuts permanent using a budgetary mechanism to appear deficit-neutral, while avoiding tax increases on any group.
- President Trump is actively involved, urging lawmakers to stay in Washington to complete the legislative process and emphasizing the importance of economic and immigration priorities.