Debt Limit and Tax Bill Negotiations in Congress

SOURCE www.semafor.com
House Ways and Means Chair Jason Smith is pushing Senate Republicans to raise the debt limit as part of a tax and border bill, but they are hesitant due to strategic differences. The article discusses the challenges Republicans face in getting a bill to Trump's desk by Memorial Day.

Key Points

  • Senate Republicans are hesitant to raise the debt limit as part of the bill
  • Strategic differences between House and Senate Republicans pose challenges
  • Efforts to get bill to President Trump's desk by Memorial Day

Pros

  • Efforts to raise debt ceiling could prevent default on debt
  • Discussion of extending expiring tax cuts and enacting new ones

Cons

  • Strategic differences between House and Senate Republicans
  • Need for bipartisan support if debt ceiling increase is dropped from bill