House Republicans moved closer to completing action this week on a reconciliation plan to implement President Trump’s “one, big, beautiful” agenda bill. The final three committees completed action on their portion of the package to renew the 2017 tax cut legislation with some additional tax cuts and to cut roughly $1.5 trillion in spending over the next decade to pay for the tax provisions and reduce overall federal spending. Congress has few legislative days scheduled until the Memorial Day recess, which is Speaker Mike Johnson’s deadline to push the reconciliation package through the House to get the package on Trump’s desk by July 4. The House Budget Committee consolidate the work of the various committees into one package and bring it up for a vote next week. As of right now, Speaker Johnson does not have the votes to pass this big chunk of Trump domestic agenda. It is anticipated changes to this legislation will have to be made in the Rules Committee or on the floor to ensure its passage.
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