The Hitchhiker’s Guide to House Republicans releasing their tax and spending cut plan

House Republican leaders recently spent several hours at the White House, including some time with President Donald Trump, as they worked on finalizing the details of their tax and spending cut package. The plan is to release a framework with specific numbers in the coming days. Sources indicate that the package could include over $1 trillion in spending cuts and make the 2017 Trump tax cuts permanent. Additionally, there may be a provision to prevent taxes on tips.

Despite hopes of having a bill ready for the Budget Committee this week following a retreat at Mar-a-Lago, House Republicans have faced delays. They are now aiming to have the bill prepared for the House Budget Committee next week.

House Speaker Mike Johnson indicated that there was no concrete plan to unveil on Friday. He mentioned that there are still details to be worked out before the committee markup, which may occur on Tuesday. It is crucial for Republicans to have a budget framework adopted on the floor in order to utilize the budget reconciliation tool to avoid a Senate filibuster.

Senate Republicans have been moving forward with their own plan, adding pressure on House GOPers to act swiftly. There are concerns that if the House falters in taking the lead, they may face obstacles from the Senate.

Chad Pergram, a senior congressional correspondent for FOX News Channel, has been closely following these developments. He provides valuable insights into the legislative process and the dynamics at play within the Republican Party.

Overall, the efforts to finalize the tax and spending cut package are intensifying, with both House and Senate Republicans working towards a common goal. The coming days will be crucial in determining the success of this legislative endeavor.