Republican leader 'very optimistic' ahead of vote on Trump's tax cuts ...Middle East

News by : (Daily Sun) -

After marathon meetings that went through the night, two key House committees approved their portions of Trump's much-touted “big, beautiful” bill, led by a $5 trillion extension of his first-term tax cuts.

The House Energy and Commerce Committee on Wednesday approved a more than $700 billion reduction in health care spending -- mostly by slashing the Medicaid program that insures 70 million low-income people.

Democrats have angrily defended the at-risk entitlements and say the proposed tax cuts are a debt-inflating gift to the rich, funded by the middle class.

House Speaker Mike Johnson told reporters nevertheless he was “very optimistic“ about getting dissidents on board before the crucial vote.

Johnson is also facing pressure from fiscal hawks on the party's right who are angry that the cuts do not go far enough to arrest the country's slide deeper into debt.

“The ‘big, beautiful bill,‘ I think that’s the Titanic,“ Senator Ron Johnson, a conservative from the swing state of Wisconsin, said during an event in Washington hosted by Politico.

If the package fails in either the House or Senate, the timetable for ushering in Trump's priorities would be upended.

As the Republican billionaire seeks to cement his legacy with lasting legislation, every week is considered crucial ahead of the 2026 midterms that could see his grip on the levers of power weakened.

Read More Details
Finally We wish PressBee provided you with enough information of ( Republican leader 'very optimistic' ahead of vote on Trump's tax cuts )

Also on site :

Most Viewed News
جديد الاخبار