Washington – The way the Republican Party stands in terms of economic policy in the Second Trump administration is a question reached a reflection point.
Is it a party that promotes the prosperity of the free market or the popularity of the 21st century?
According to President Donald Trump’s suggestion, is it on the “new tax” commitment that GOP has become political orthodoxy or Republicans pay taxes to rich people?
Obama-age health care expansion and protect the federal flow of dollars in the Green Energy Investments or States of President Joe Biden?
Slash deficit costs or the country’s $ 36 trillion debt burden now?
Free trade or Trump’s tariff?
House speaker Mike Johnson, R-L., and Republicans will set the team in a scheduled way to competition to draft 1.5 trillion “big, beautiful bills” to spend $ 4.5 trillion dollars in Trump’s $ 4.5 trillion.
It’s still a work going on.
“This is the idea of American dreams where we are the best country in the world-which I believe we are-it will go away and it will be our fault, so we have to do something to solve it now,” rep. Rich says McCurer, R-Ga.
“And everyone wants to say, ‘Oh, yes, we should do something,’ but no one agrees to say what this hard choice is.”
GOP is changing its economic policy priorities in real time, converting from a party that once less taxes and put a premium on the premium that further reflects the interests of the working class alliance that depends on the federal security nets and keeps Trump in the White House.
On the one hand, there are old-school Republican Stalwarts who have carried out the policy for years. Among these, former house speaker Newt Jingreich, anti -tax anti -Crusader Grover Norokuist, who has said that tax increases “stupid, destructive” and will be the dominant club of growth, which gives millions of political promotion.
However, a growing neo-loved energy center with Trump’s closeness carries the cloud, Steve Bannon and others who reject the traditional thawing trick-down economic policies and offer a new aspect that benefits Americans more.
The divisions are strong in the Republican Party, which keeps the majority of Capitol Hill and is bulldozing the past democratic objections to push its package forward. The GOP lawmakers are under pressure to distinguish their differences by Johnson Memorial Day, especially as Trump’s tariffs are unclear, and they are eager to indicate that the economy is under control on their clock.
Chairman of the Republican Study Committee, a huge group of House Conservatives, Rep.
He said that the emerging package would not only increase tax breaks and reduce the cost, “it gives us a mentality to settle the markets, to give some predictions, to give everyone the ability to go to our country, hey, our economy is about to strengthen.”
In this weekend, Republican leaders are working to finish the 5 separate divisions that will create the big package before the possible public hearing next week.
However, the final three – tax policy, Medicaid and Green Energy Program and Food Stamp Assistance – have proven to be the most difficult, creating the largest political risk.
Moderate Conservative Republicans in the House signed a letter opposing Medicaid’s steep cuts, providing health care to more than Million5 million Americans.
The Medicaid program has been expanded within 15 years from the affordable care law, known as Obama Care, as more states have signed up for federal expenditure, and people benefited from the extended federal credit to provide their insurance premium. Republicans who have promised to “cancel and replace the health law in the first term of Trump are now emphasizing that what they have just told them want to target medical waste, fraud and abuse, because many fight to save more of it.”
Many of the same moderate GOP lawmakers opposed the Green Energy Tax break dispute, which the Democrats were approved under biden to invest in air, solar and other renewable energy.
At the same time, more conservative Republicans are roaring back with insistence on deepening.
About 5 Republicans said that the team must maintain the original GOP budget structure up to $ 2 trillion, which they need to argue that they need to prevent tax cuts from piling on annual deficiencies in the country’s debt. During Trump’s first term, the cost of tax cuts approved by Republicans is expected to increase first by Republicans in 20 2017 If Republicans add other priorities, so that there is no tax with any taxes on tipped wages or social security income. Estimates the final expenditure keeps $ 7 trillion out of dollars.
Rep. Lloyd Smuker, Ar-Pa, and colleagues wrote, “We must hold the line in the financial chain to return the country in a sustainable way.”
Meanwhile, Johnson is discussing with a core group of five Republicans from the highest tax zone of New York, New Jersey and California who claim that they will not vote for a plan unless it restores a larger state and local tax discount salts for their electoral field.
They called the latest proposal for the state and local tax discount cap triple, which is now $ 10,000 a year, $ 30,000 “disrespectful”.
Trump itself is involved in an unequal way. The President told Johnson last week that he would like to see a higher tax rate on a $ 2.5 million for couples for single filers or for couples, just to close this idea on Friday.
“Republicans should probably not do this, but if they do that I am okay !!!” Trump wrote on social media.
As the Republicans go alone, the Democrats ‘objections and criticizing the tax package in the Senate criticize the rich, which will damage the Americans’ federal services, the leaders will need almost every Republican on the board.
House Freedom Caucas member is a Texas rep. Chip Roy requested a Republican not to think about the politics of the next elections in the next intermediary and to stick to party policies.
He posted on social media, “We were elected 5 months ago and how do we work where we see the chips read.” “Cut the expenses. Shrink the deficit. Tax cut. Lead.”
__
Associated Press Writer Kevin Frying and Leia Askinam contributed to the report.
Leave a Reply