Washington, D.C. —
A major US tax and spending bill has cleared a critical hurdle after intense internal Republican conflicts, moving closer to a full House vote.
On Sunday night, four conservative Republican congressmen who had previously blocked progress due to concerns over insufficient debt reduction chose to vote “present” instead of opposing the legislation. This strategic move allowed House Speaker Mike Johnson to claim a rare procedural victory, though explicit party unity remains elusive.
The bill aims to extend tax cuts originally introduced during President Donald Trump’s first term, eliminate taxes on tips, and increase funding for military and border security. These measures would be partially financed by cuts to Medicaid and reductions in green energy subsidies.
Speaker Johnson indicated that the House Rules Committee is expected to review the bill by midweek, with a floor vote potentially scheduled for later this week.
Conservative Demands and Party Divisions
Chip Roy, a leading hard-line Republican from Texas, expressed cautious optimism but noted the bill “does not yet meet the moment.” Hard-liners seek stricter work requirements for Medicaid eligibility and the elimination of clean energy subsidies introduced under President Joe Biden.
At the same time, a group of moderate Republicans from high-tax states like New York and California object to a provision that triples the local tax deduction cap for couples from $10,000 to $30,000, arguing for an even higher limit.
Financial Implications
Analysts warn that the bill could increase the national debt by $3 to $5 trillion, adding to the existing debt that has already surpassed $35 trillion. This growing debt burden contributed to Moody’s recent downgrade of the US credit rating, signaling concerns about fiscal sustainability.
If the House passes the bill, it will move to the Senate for consideration before heading to the president for approval.
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