House GOP leaders requested an additional 24 hours to finalize reconciliation talks with the White House, indicating they're nearing a consensus. Speaker Mike Johnson reported optimism about wrapping up the agreement soon, highlighted during an intense meeting attended by key figures including Vice President Vance and President Trump, the latter stressing the need for permanent tax cuts. Despite this, specifics of their progress remain vague, particularly concerning huge discrepancies in proposed spending reductions, ranging from $500 billion to $2 trillion. Trump's discussions included both enduring and newly emphasized tax provisions, which elicited immediate responses from affected industries.
House GOP leaders asked for another 24 hours on reconciliation after a lengthy meeting with the White House, expressing optimism about reaching an agreement.
Speaker Mike Johnson indicated that progress was made, stating they are 'close' to wrapping up negotiations by tonight.
The gap between proposed spending cuts remains significant, estimated between $500 billion and $2 trillion, highlighting ongoing challenges for lawmakers.
While Trump emphasized tax cut permanence, he also spotlighted some campaign promises and provisions he previously overlooked, stirring reactions from the business sector.
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