House Republicans are putting in extra hours to fulfill President Donald Trump's request for a substantial budget package. The proposed package includes approximately $3 trillion in tax breaks, significant program cuts, and a potential extension of the nation's debt limit. Speaker Mike Johnson has been leading GOP lawmakers in crafting the package, with a self-imposed Friday deadline looming.
The budget package being developed by House Republicans aims to make expiring tax cuts permanent, reduce spending on federal programs, allocate funds for Trump's deportation operation, and complete the U.S-Mexico border wall. Additionally, the package may involve raising the nation's debt ceiling to allow for more borrowing and prevent a federal default.
Despite the urgency to move forward, there is a sense of frustration among Republicans as they struggle to make progress on their top priority while facing opposition from various quarters. The House and Senate GOP leaders are seeking guidance from Trump on the next steps, as the president emphasizes the need for results.
While the House GOP is working on a comprehensive budget plan, Senate Republicans, led by Majority Leader John Thune, have proposed a two-step approach. This strategy involves first passing a smaller bill that includes funding for the border wall and deportation plans, followed by a more extensive package of tax break extensions.
The House Budget Committee is gearing up to hold hearings on the emerging budget package, with discussions centered around tax priorities, including ending federal taxation of tips, Social Security benefits, and overtime pay. The Senate Budget Committee, under the leadership of Sen. Lindsey Graham, is also moving forward with hearings to advance the process.
As the House and Senate pursue different strategies, there is a sense of competition to see which chamber will make more progress towards achieving the GOP's objectives. House Republicans are divided over the approach to take, with differing opinions on the extent of spending cuts and tax breaks.
Overall, the focus remains on delivering a budget package that aligns with Trump's policy goals, with lawmakers working diligently to address the complex financial and programmatic challenges at hand.
