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House GOP Leaders Finalize Tax and Spending Package Details After White House Meeting with Trump

House Republicans, after a five-hour meeting with Trump, are set to announce a budget package focusing on tax cuts and spending reduction.

Overview

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House Speaker Mike Johnson reported progress after a lengthy meeting with President Trump where House GOP leaders worked on finalizing a tax and spending package. Expected to include over $1 trillion in cuts, the framework will propose making the 2017 Trump tax cuts permanent and potentially eliminate taxes on tips and overtime. Johnson noted the plan might integrate the debt ceiling and emphasized the need for unity as they approach a critical deadline. An announcement is anticipated over the weekend, with further details to finalize by Tuesday before submission to the Budget Committee.

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