Latest news with #ultraconservatives
Bloomberg
18-07-2025
- Business
- Bloomberg
Right-Wing Revolt Over Crypto Signals Angst Over Digital Dollar
An internal Republican fight over a drive to prevent the US government from issuing a crypto 'digital dollar' ground activity in the House to a halt this week as the party's right flank fought to ensure the ban would become law. Digital asset prices briefly faltered during ultra-conservatives' two-day revolt, which held hostage a pair of industry-backed bills to regulate stablecoins and other cryptocurrencies, and left GOP leadership scrambling to appease the hardliners.
Bloomberg
21-05-2025
- Business
- Bloomberg
Trump Tax Bill Threatened by Ultraconservatives After SALT Deal
Conservative hardliners threatened to block President Donald Trump's massive tax and spending package just as an agreement to increase the state and local tax deduction removed a key obstacle. House Speaker Mike Johnson announced Wednesday that he had an agreement with lawmakers from high-tax states to increase the limit on the SALT deduction to $40,000 and shortly after ultraconservatives lashed out.
Bloomberg
21-05-2025
- Business
- Bloomberg
Tax Bill Set to Bring Forward Medicaid Work Requirements to 2026
House Republicans leaders are planning to accelerate new Medicaid work requirements to December 2026 in a deal with ultra-conservatives on the giant tax bill, according to a lawmaker familiar with the discussions. The revised version of President Donald Trump's economic package — slated to be released publicly Wednesday — calls to move up work requirement to December 2026 from 2029, the lawmaker said, who requested anonymity to discuss private talks.
