Particle.news
Download on the App Store
216 ARTICLES
·
9h ago

House Republicans Push Forward on Trump’s Sweeping Tax and Spending Bill

GOP leaders race to secure votes for the contentious package, which extends 2017 tax cuts, raises the debt limit, and imposes major spending cuts.

President Donald Trump and Speaker of the House Mike Johnson, R-La., speak to reporters after departing a House Republican conference meeting, Tuesday, May 20, 2025, at the U.S. Capitol in Washington. (AP Photo/Julia Demaree Nikhinson)
President Donald Trump arrives with Speaker of the House Mike Johnson (R-LA) for a House Republican meeting at the U.S. Capitol on May 20, 2025, in Washington, D.C.
Image
Image

Overview

  • The House Rules Committee advanced the 1,100-page reconciliation bill after a marathon 22-hour session, setting the stage for a full House vote.
  • Key provisions include extending Trump’s 2017 tax cuts, a $4 trillion debt limit increase, and deep cuts to Medicaid and clean energy tax credits.
  • A tentative deal to raise the SALT deduction cap to $40,000 for certain income groups has divided Republicans, with moderates supporting the change and hardliners opposing it.
  • The Congressional Budget Office projects the bill would add $3.8 trillion to the deficit over a decade and disproportionately impact low-income Americans.
  • Despite opposition from some GOP members, Speaker Mike Johnson and President Trump are lobbying intensely to secure the necessary votes before Memorial Day.