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WSJ Opinion: Potomac Watch
All Things with Kim Strassel: The House Tackles Tax Cuts and Spending
Feb 12, 2025
Kevin Hern, Congressman from Oklahoma and chair of the House Republican Policy Committee, shares insights on vital budget battles and tax cuts. He discusses the GOP's strategy to extend 2017 tax cuts while navigating a slim majority. Hern also addresses the looming government shutdown, emphasizing the urgency of bipartisan cooperation. Additionally, he dives into the significant role of federal support in advancing state school-choice initiatives. The conversation is filled with the intricacies of fiscal policy and the evolving political landscape.
27:41
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Quick takeaways
- House Republicans are maneuvering budget reconciliation to extend Trump’s tax cuts while addressing national security funding amidst a slim majority.
- The discussion of school choice emphasizes the need for federal flexibility to empower families in education funding decisions.
Deep dives
Impacts of Budget Reconciliation
Budget reconciliation is a key maneuver that allows the Senate to bypass the usual filibuster rules and pass legislation with a simple majority. This process is being positioned by the House Republicans to ensure the extension of President Trump's tax policies, aiming for permanence, while also addressing national security and defense spending. Recent discussions reveal a concerted effort to finalize numbers for a budget markup, which includes addressing potential tax increases affecting millions of Americans if tax cuts are allowed to expire. The House is focusing on finding a cost-neutral position to pay down existing deficits by carefully negotiating spending cuts alongside economic growth.
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