Claudia Grisales
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Congressional Republicans are racing to enact key elements of President Trump's domestic policy. But Senate and House lawmakers already face some major divides on what that final multi-trillion dollar measure should look like. It reimagines defense, energy, immigration, and tax policy spending, including plans to extend tax cuts passed during Trump's first term and lifting the U.S.
debt limit by $5 trillion to avert a potential breach this summer. But House Republican fiscal hawks say the Senate blueprint does not reduce enough of the federal deficit, with some saying it's time to cut into Medicaid. Claudia Rosales, NPR News.
debt limit by $5 trillion to avert a potential breach this summer. But House Republican fiscal hawks say the Senate blueprint does not reduce enough of the federal deficit, with some saying it's time to cut into Medicaid. Claudia Rosales, NPR News.
Congressional Republicans are racing to enact key elements of President Trump's domestic policy. But Senate and House lawmakers already face some major divides on what that final multi-trillion dollar measure should look like. It reimagines defense, energy, immigration and tax policy spending, including plans to extend tax cuts passed during Trump's first term and lifting the U.S.
Congressional Republicans are racing to enact key elements of President Trump's domestic policy. But Senate and House lawmakers already face some major divides on what that final multi-trillion dollar measure should look like. It reimagines defense, energy, immigration and tax policy spending, including plans to extend tax cuts passed during Trump's first term and lifting the U.S.
debt limit by $5 trillion to avert a potential breach this summer. But House Republican fiscal hawks say the Senate blueprint does not reduce enough of the federal deficit, with some saying it's time to cut into Medicaid. Claudia Rosales, NPR News.
debt limit by $5 trillion to avert a potential breach this summer. But House Republican fiscal hawks say the Senate blueprint does not reduce enough of the federal deficit, with some saying it's time to cut into Medicaid. Claudia Rosales, NPR News.
Thanks for having me, Scott.
Thanks for having me, Scott.
Thanks for having me, Scott.
Right. This is a blueprint for a multi-trillion dollar measure that could become a hallmark of Trump's second term. It reimagines defense, energy, immigration and tax policy spending. So lots of major elements here. That includes an extension of tax cuts passed during Trump's first term that are set to expire by year end.
Right. This is a blueprint for a multi-trillion dollar measure that could become a hallmark of Trump's second term. It reimagines defense, energy, immigration and tax policy spending. So lots of major elements here. That includes an extension of tax cuts passed during Trump's first term that are set to expire by year end.
Right. This is a blueprint for a multi-trillion dollar measure that could become a hallmark of Trump's second term. It reimagines defense, energy, immigration and tax policy spending. So lots of major elements here. That includes an extension of tax cuts passed during Trump's first term that are set to expire by year end.
Republicans argue Americans would see their tax bills rise without it, but critics say it will come with a huge price tag that would raise the federal deficit. It would also lift the U.S. debt limit by $5 trillion to avoid a breach this summer. And without that, we could be looking at a default. So a big concern there they're hoping to address.
Republicans argue Americans would see their tax bills rise without it, but critics say it will come with a huge price tag that would raise the federal deficit. It would also lift the U.S. debt limit by $5 trillion to avoid a breach this summer. And without that, we could be looking at a default. So a big concern there they're hoping to address.
Republicans argue Americans would see their tax bills rise without it, but critics say it will come with a huge price tag that would raise the federal deficit. It would also lift the U.S. debt limit by $5 trillion to avoid a breach this summer. And without that, we could be looking at a default. So a big concern there they're hoping to address.
But we should also note this is just the beginning of a very long, complicated process known as budget reconciliation. And that includes a series of legislative hurdles designed to overcome a Senate filibuster.
But we should also note this is just the beginning of a very long, complicated process known as budget reconciliation. And that includes a series of legislative hurdles designed to overcome a Senate filibuster.
But we should also note this is just the beginning of a very long, complicated process known as budget reconciliation. And that includes a series of legislative hurdles designed to overcome a Senate filibuster.
Maybe, but it's clearly looking to shape up to be an uphill battle. The house has their own blueprint, and there's big differences between the two chambers they're going to need to sort through. And by big, they're more than a trillion dollars apart in their blueprints.