Politics and Government Politics and Government
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ] - Brian Stokes
Thursday Briefing

Expect one big 'thread the needle' reconciliation bill with Trump tax cuts next year: House Ways and Means Chair Jason Smith


Published on 2024-12-05 00:01:22 - Brian Stokes, N@N
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  • Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.

The article from MSN discusses the emerging tensions between House and Senate GOP leaders over key policy issues as the 2024 election approaches. House Speaker Mike Johnson and Senate Minority Leader Mitch McConnell are at odds on several fronts: tax cuts, energy policy, and immigration. The House, under Johnson's leadership, is pushing for an extension of the Trump-era tax cuts set to expire in 2025, while the Senate GOP, led by McConnell, is more focused on addressing the national debt and fiscal responsibility, showing reluctance to extend these cuts without offsetting measures. On energy, the House passed bills to expedite oil and gas projects, contrasting with the Senate's interest in a broader energy policy that includes renewable sources. Immigration has also become a flashpoint, with the House advocating for stricter border security measures, whereas the Senate seeks a bipartisan approach that might include pathways to citizenship. These differences highlight the GOP's internal struggle to unify its legislative strategy ahead of the elections.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/on-trump-tax-cuts-energy-and-immigration-plans-clash-emerges-between-house-senate-gop-leaders/ar-AA1vh6WA ]
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