FOX Business host Larry Kudlow shares his perspective on the Congressional spending bill debate and what it means for the coming Republican majority on “Kudlow.”
A lesson for the GOP: Simple, simple, simple — and that's the riff.
The most important thing I have seen so far this year Congressional spending drama And the difficulty of reaching an agreement – that tells us about the difficulty of more than one compromise bill next year.
So far, the House of Representatives has reached an agreement twice to prevent a government shutdown.
And avoiding a government shutdown is desirable — not economically, but politically, it could give Sen. Chuck Schumer more power through confirmation of the Jan. 6 presidential election and even the Jan. 20 inauguration.
Schumer's Democrats are evil and you never know what will happen if you lead them – even if it's just a few weeks.
Now, a third continuing resolution deal has been struck by House Republicans and is awaiting President Trump's approval.
Kevin O'Leary Reveals Government Shutdown Solution to Congress' 'Classic, Bad Christmas Movie'
This is very similar to the short trade that failed last night. It would delay the debt ceiling until March 14 and apparently cut about $2.5 trillion in federal spending during yet-to-be-determined reconciliation bills next year.
But as anyone can clearly see, this relatively simple exercise of extending the budget for a few weeks has been very difficult, very controversial and very unpredictable.
And I believe that's a major indicator of the potential trouble Republicans may face next year if they continue to believe they can actually pass several compromise bills in 2025. They have to make fun of themselves.
A recent poll by McLaughlin & Associates shows that nearly half of voters think we're in a recession, and more than four-fifths are still worried about inflation.
Thirty-five percent of voters say it's very important for Trump to secure the border — and just behind, 26 percent say continued growth by making Trump's tax cuts permanent. The overall economy is still the No. 1 issue, breaking the bank.
and Trump Tax Cuts 2.0 are overwhelmingly popular — with 82% in favor of ending the federal tax on Social Security earnings, 71% in favor of ending the federal tax on tips for service workers, 64% in favor of ending the federal tax on overtime pay for workers, and 70% They are in favor of creating Trump in 2017. Permanent tax reduction
Former World Bank President David Malpass joins “Mornings with Maria” to discuss the government spending bill deadline and how it could affect President-elect Donald Trump's agenda.
Right now, Mr. Trump and his transition team are very popular. His popularity is above 50%. He is enjoying an almost unprecedented post-election honeymoon.
But back to the legislative strategy, which will be crucial. Mr. Trump's policy The verdict from the election — and I think Republicans who think it's going to be easy to pass several reconciliation bills are sorely mistaken.
The parliamentary confusion in Republican ranks over the past few days, focusing on what should be a relatively simple exercise, is a stark warning to complicate matters next year.
Delaying tax cuts would be a big mistake. Deferring tax cuts doesn't put extra money in the hands of workers. Delaying tax cuts won't fatten blue-collar wallets. These are the people who voted and voted for Mr. Trump in the battleground states.
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Republicans have winning issues – like closing the borders. tax reduction; And drill, baby, drill; and reducing the regulatory situation. Collect them all and do it as soon as possible.
And be realistic about the almost impossible problems that multiple massive compromise bills will create.
A source close to President Trump He says he wants a big and beautiful bill. As usual, he is right.
This article is adapted from Larry Kudlow's opening commentary in the December 20, 2024 edition of “Kudlow.”