US Republicans Eye Two-Step Trump Legislative Agenda
Source: US News and World Report/Reuters
Dec. 3, 2024, at 6:15 p.m.
WASHINGTON (Reuters) -Republicans in the U.S. Congress are discussing a two-step plan to push ahead on President-elect Donald Trump's agenda when they take control of both chambers next year, potentially starting with border security, energy and defense before turning to tax cuts.
Incoming Senate Majority Leader John Thune, whose Republicans will hold a 53-47 majority, laid out a plan in a closed-door party meeting on Tuesday that included a call from Trump himself. It aims to use a parliamentary maneuver to bypass the chamber's "filibuster" rule that requires 60 senators to agree to advance most legislation.
According to the Senate plan, the first bill would focus on Trump's agenda for border security, energy deregulation and defense spending, while the second would extend tax cuts from the 2017 Tax Cuts and Jobs Act passed during the first Trump presidency, which are due to expire next year. Thune told reporters that the plan amounted to "options, all of which our members are considering."
To enact Trump's agenda, the Senate will have to work closely with the president-elect and the House of Representatives, which is expected to have a razor-thin Republican majority. "We were always planning to do reconciliation in two packages. So we're discussing right now how to allocate the various provisions, and we're making those decisions over the next couple of days," said House Speaker Mike Johnson, who joined Senate Republicans at their meeting.
Read more: https://www.usnews.com/news/top-news/articles/2024-12-03/us-senate-republicans-eye-two-step-trump-legislative-agenda
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(187,641 posts)Extending Trump's tax cuts for individuals and small businesses will add $4 trillion to the current $36 trillion in total U.S. debt over 10 years.
Trump also promised voters generous new tax breaks, including ending taxes on Social Security, overtime and tip income and restoring deductions for car loan interest.
The tab is likely to reach $7.75 trillion above the CBO baseline over 10 years, according to the Committee for a Responsible Federal Budget, a non-partisan fiscal watchdog group.