Latest news with #spendingCuts
Yahoo
3 days ago
- Business
- Yahoo
Elon Musk leaves murky legacy with DOGE
Elon Musk is officially leaving his federal government position after boldly claiming his Department of Government Efficiency would cut $2 trillion in government spending. Newsflash: it hasn't. The co-hosts of the podcast 'I've Had It', Jennifer Welch and Angie Sullivan, weigh in on the impact of Musk and discuss their new book, 'Life is a Lazy Susan of Sh*t Sandwiches.'


Fox News
28-05-2025
- Business
- Fox News
DeSantis goads Congress to follow FL's DOGE blueprint as Musk's cuts still wait for vote
Gov. Ron DeSantis urged House Republicans to take note of Florida's successful implementation of "DOGE"-type governance and get moving on slashing waste, fraud and abuse identified by the executive branch organization. "Elon Musk took massive incoming – including attacks on his companies as well as personal smears, to lead the effort on DOGE," DeSantis posted on X. "He became public enemy #1 of legacy media around the world. To see Republicans in Congress cast aside any meaningful spending reductions (and, in fact, fully fund things like USAID) is demoralizing and represents a betrayal of the voters who elected them," the Republican said on Tuesday. DeSantis had reposted a comment from former government scientist Matt van Swol, who claimed congressional Republicans have not done enough to go to bat for DOGE. "DOGE is literally one of the most popular government initiatives in history. 73% of Americans say they support cutting government waste. Trump brought in the smartest man on earth to do it… …the Left destroyed Elon for it …the GOP won't vote on it I can't believe this," van Swol said in the shared message. In remarks Tuesday, DeSantis expounded upon his concerns, saying that Florida's executive branch has successfully implemented DOGE-type policies in the state, increasing affordability, lowering taxes and ridding Tallahassee of waste and fraud. He said Florida has been a state for 180 years, and it was his own administration who reportedly paid down 41% of its accumulated debt to-date. DeSantis said the average Floridian's share of the state debt is $400, while federally, their onus is about $105,000. The governor noted how Musk stuck his neck out for DOGE and saw his car dealerships "firebombed" and how the media "smearing him relentlessly because he basically said, look, we can't keep doing this…" "And yet, we have a Republican Congress, and to this day, we're in the end of May, past Memorial Day, and not one cent in DOGE cuts have been implemented by the Congress," the one-time congressman said. "That's one of the reasons why we need a balanced budget amendment to the U.S. Constitution. It's another reason why we need term limits for members of Congress. But I think what you've seen with how, and I kind of said this early on, that DOGE and Elon were on a collision course with the swamp." Libertarian-minded Rep. Thomas Massie, R-Ky., had lodged a similar complaint – claiming that rescission votes to act on DOGE's proposed cuts were "cancelled" earlier in May – but a top aide to House Speaker Mike Johnson, R-La., disputed the claim. "No votes on rescissions were cancelled this week. The Speaker has repeatedly expressed his commitment to save taxpayer funds via the rescissions process," wrote press secretary Athina Lawson. "Under law, this process requires a special message to Congress detailing proposed rescissions before Congress can act." House Republicans could not include any DOGE cuts in the "big beautiful bill" because, in order to pass the Senate, the bill could only deal with statutorily "mandatory" spending concerns. The rules of Senate Reconciliation preclude that move as well. The two options House Republicans have are to wait for a formal rescission request for a cut or cuts from Office of Management and Budget Director Russ Vought – a Trump appointee – and take that up within 45 days, or try to pass separate legislation themselves through the appropriations process. The issue with the latter is that legislation independent of a request originating from the executive branch would require 60 votes – while a rescission request only requires a simple majority. Republicans currently hold 53 seats in the Senate. Two independents – Sens. Bernie Sanders of Vermont and Angus King, Jr. of Maine – caucus with Democrats. However, Republicans have had luck putting Democrats in a bind via the appropriations process, as the last passage of the typically massive bills led to members of that party turning on its leader – Sen. Charles Schumer of New York – for ultimately voting to fund the government earlier this year. Fox News Digital reached out to DeSantis and Johnson for comment.

Wall Street Journal
23-05-2025
- Business
- Wall Street Journal
Video: Breaking Down the Last-Minute Changes to Trump's Tax Bill
Senate Republicans are split. Some are eyeing further spending cuts, while others are looking for bigger tax relief or gentler phaseouts of clean-energy incentives.


Washington Post
20-05-2025
- Politics
- Washington Post
Massie says bill in current form isn't 'sufficient for me'
Politics Massie says bill in current form isn't 'sufficient for me' May 20, 2025 | 7:11 PM GMT After a contentious GOP caucus meeting on May 20, Rep. Thomas Massie (R-Ky.) said his objection to Trump's bill was that the spending cuts didn't go far enough.


CNN
13-05-2025
- Business
- CNN
Johnson attempts to hold together fragile GOP coalition ahead of key committee votes on Trump agenda
House Republicans are heading into a blockbuster week for President Donald Trump's 'one big, beautiful bill,' as Speaker Mike Johnson attempts to stave off a revolt from any one faction of his conference that could tank the sweeping GOP agenda. House lawmakers will return to Washington on Tuesday to kick off a series of high-stakes committee votes, key hurdles that Republicans must clear for Johnson to pass Trump's tax and spending cuts package by Memorial Day, as planned. A slate of committees must vote to advance pieces of the legislation before it can be assembled into one bill. But there are already warning signs as Johnson and his leadership team are facing friction from both moderates and hardliners. With a slim majority, the speaker will need almost complete unity in his conference to advance the bill – and many Republicans expect Trump will need to weigh in to deliver the votes. The committee markups will be the first opportunity for public debate from lawmakers on Capitol Hill since GOP leadership revealed key details of Trump's plan on contentious issues like cuts to Medicaid and food stamps, as well as a dense tax package. It'll also be the first time GOP lawmakers can huddle privately in Washington to plot their next steps. At least two conservative hardliners, Reps. Chip Roy of Texas and Thomas Massie of Kentucky, have been publicly critical about what they see as inadequate changes to Medicaid, among other issues. 'I remain open-minded because progress has been made based on our forceful efforts to force change. But we cannot continue down the path we've been going down - and we will need SIGNIFICANT additional changes to garner my support,' Roy posted on X as part of a long list of complaints about the bill. Then there's the so-called SALT Caucus — a loose coalition of roughly a half-dozen Republicans from high-tax states like New York, New Jersey and California who have sought to repeal the 2017 deduction cap on state and local taxes. GOP tax-writers proposed to triple the current cap on state and local taxes, from $10,000 to $30,000 per year, but it is limited to people who are making $400,000 or less. That $30,000 cap, however, has been a nonstarter for those members. 'Oh, hell no, no. We're here to fight for a much higher cap on the state and local tax,' Rep. Nick LaLota of New York told CNN last Thursday, when the tax committee was first discussing a $30,000 cap. LaLota posted on X after the text was unveiled Monday, reiterating that he remains a 'hell no.' GOP Rep. Mike Lawler also said he cannot back the sweeping bill to implement Trump's agenda until more favorable terms over the key tax break are negotiated in the proposal. 'As I have said repeatedly, I will not support any bill that does not adequately lift the cap on SALT,' Lawler told CNN on Monday. 'This bill as written fails to deliver and will not have my support. I look forward to continuing to negotiate with leadership and the administration to provide real tax relief for my constituents.' Further complicating matters: One of the GOP lawmakers who has stridently opposed the $30,000 cap is Rep. Elise Stefanik – a member of Johnson's leadership team. Three key committees, including the tax-writing Ways and Means Committee, will hold votes midweek to advance their own slices of Trump's big domestic package. That will be followed by another big vote by the end of the week from the fiscally conservative House Budget Committee. A full floor vote in the House could follow as soon as next week. Democrats, meanwhile, are preparing for marathon committee meetings, particularly on the Energy and Commerce and Ways and Means panels on Tuesday. As Republicans have unveiled details of their plans, Democrats have continued to hammer the claim that millions could lose health coverage under the GOP's plan because of changes to Medicaid. Republicans, however, dispute the Democrats' calculations because the congressional nonpartisan scorekeeper hasn't yet weighed in on their specific plan, which was just unveiled late Sunday. Republicans have outlined big changes to Medicaid, such as work requirements for people who are physically 'capable' of working, and new $35 co-pays for those enrolled in the program. There's also a new restriction on state matching funds for states that allow undocumented immigrants to enroll in state health programs. Still, the plans revealed by the House Energy and Commerce Committee late Sunday night did not include two of the biggest potential changes to Medicaid that Republicans were weighing — big cuts to the federal match rates for Medicaid or a push to turn federal dollars into effectively a block grant, in a policy that's known as a 'per capita cap.' Many of the House GOP's more moderate members were elated by the committee's Medicaid plan — which they believe represented a big win over their hardliner counterparts. Energy and Commerce Chairman Brett Guthrie has told members that he believes his plan will reach the target of $880 billion in savings that Republicans called for in their budget resolution, and the congressional budget office confirmed it would in a letter Monday. But he has not yet said exactly how, because the panel is still awaiting key documents from the Congressional Budget Office that will help determine the bill's overall price tag. As of Monday night, many Republicans were still digging into the details of the nearly 400-page tax bill. That plan includes some of Trump's big campaign promises, including scrapping federal taxes on tips, on overtime pay and on car loan interest. It's a big win for Trump, as is the name of the bill — 'The One, Big, Beautiful Bill,' adopting the president's moniker for the legislation. As expected, it also includes Trump's demand for a debt limit hike, which would cost a total of $4 trillion to punt the problem for another few years. Congress needs to raise the debt limit before its August recess to prevent default and Trump hopes to do so using this bill, rather than strike a deal with Democrats. The bill includes dozens of tax extensions from Trump's 2017 tax bill. There's also one relatively new idea – a so-called 'MAGA' savings account for kids under 18 years old. It's short for 'money account for growth and advancement,' which would create a new, flexible type of tax-free savings account for kids.