US House speaker to pursue 'one big bill' on Trump's tax agenda
Source: Yahoo! News/Reuters
Sun, February 9, 2025 at 9:49 a.m. EST
WASHINGTON (Reuters) - The U.S. House of Representatives speaker said on Sunday he would stick with a "one big bill" strategy to pass President Donald Trump's tax-cut agenda and fund border and military priorities, despite a limited $340 billion budget plan unveiled on Friday by Senate Republicans.
Mike Johnson told Fox News Sunday that it will take some time to secure a Republican consensus because of the party's thin House majority. But they would find savings to offset the cost of extending 2017 tax cuts that are due to expire at the end of the year and other priorities such as eliminating taxes on tips.
Senate Budget Committee Chairman Lindsey Graham unveiled a plan on Friday that would boost funding by $85.5 billion for four years for border security, deportations of migrants and for the military, leaving the extension of tax cuts to another bill later this year. "Well, I talk with the president and his team about this almost constantly, reminding them that we will get the job done, but it has to be the one big bill strategy," Johnson said.
Johnson said the House Budget Committee had previously planned to consider the Republican budget resolution next week, but "we might push it a little bit further because the details really matter."
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