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17h ago

Republicans Begin Key Committee Markups for Sweeping Reconciliation Bill

GOP lawmakers aim to finalize a comprehensive package by Memorial Day, tackling tax cuts, Medicaid reforms, and defense spending under tight deadlines.

House Republicans including Majority Whip. Rep. Tom Emmer (R-MN) and House Majority Leader Steve Scalise (R-LA) react during U.S. President Donald Trump's speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, D.C., U.S., March 4, 2025. REUTERS/Evelyn Hockstein/File Photo
Speaker of the House Mike Johnson, R-La., takes a question from a reporter after the House passes the Republican's budget plan at the U.S. Capitol on April 10, 2025
President Donald Trump speaks to the press after arriving on the South Lawn of the White House on Sunday.
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Overview

  • House Republicans have launched a four-week series of committee markups to craft a reconciliation bill combining Trump’s 2017 tax cuts with border security, energy, defense, and Medicaid reforms.
  • The House Energy and Commerce Committee faces significant intra-party tensions over the requirement to identify $800 billion in Medicaid cuts, opposed by 12 moderate GOP members.
  • Speaker Mike Johnson has ruled out raising tax rates, intensifying debates over how to ensure the bill is deficit-neutral while meeting fiscal targets demanded by conservatives.
  • The Armed Services Committee is set to propose a $150 billion defense spending increase, aligning with Senate priorities but potentially clashing with fiscal hawks.
  • A looming summer debt-limit deadline adds urgency to the GOP’s reconciliation efforts, with the Treasury expected to announce a revised borrowing “X date” this week.