President Trump Rallies House Republicans On Tax Cut And Border Security Bill With Four Votes To Spare
https://dailytorch.com/2025/05/president-trump-rallies-house-republicans-on-tax-cut-and-border-security-bill-with-four-votes-to-spare/
President Donald Trump addressed the House Republican Conference on May 20 in favor of the One Big Beautiful Bill Act that will extend and expand the 2017 Trump tax cuts including no income taxes on tips and overtime plus the boosted deduction for seniors, puts $46.5 billion towards the border wall and removes Medicaid from 1.4 million illegal aliens. The House is currently composed of 220 Republicans and 213 Democrats following the 2024 elections and the death of two Democratic members in 2025, with special elections not until later this year That gives House Speaker Mike Johnson (R-La.) just four votes to spare if Republican members vote in opposition, or up to six votes to spare if Republican members voted present or didn’t vote. That’s a little bit of wiggle room, but not much in terms of getting Republicans’ signature legislation to the Senate and from there to the desk of President Trump. The National Taxpayers Union Foundation finds that income taxes will increase on 80 percent of Americans if the 2017 Trump tax cuts expire. That’s not good. A Public Opinion Strategies-Americans for Prosperity poll conducted April 10 to April 14 that found 80 percent of voters think it would be a really bad time to raise taxes. Especially since President Trump and House and Senate Republicans swept the 2024 elections in part on the promise to extend and expand the Trump tax cuts. The American people are expecting the President’s agenda to get enacted. That’s what they voted for. But do all House Republicans remember?
Nikki Haley proposes requiring social media users to verify their identities over ‘national security’ concerns:
https://nypost.com/2023/11/14/news/nikki-haley-proposes-requiring-social-media-users-to-verify-their-identities/
In a recent House Oversight hearing, shocking revelations about the corrupt business dealings of Joe Biden and his family in China and Romania were brought to light. The evidence presented shows how the Bidens used their political influence to secure favorable deals with foreign governments, oftentimes at the expense of American interests. This video provides a thorough analysis of the evidence presented, highlighting the key takeaways from the hearing and exposing the depth of corruption within the Biden family. From Hunter Biden’s lucrative business dealings in China to Joe Biden’s role in securing a multi-million dollar energy deal in Romania, the truth about the Biden Crime Family’s corrupt activities is finally coming to light. Don’t miss this important video that uncovers the real story behind the Biden family’s dealings overseas.
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U.S. Senator James Lankford (R-OK) joins Americans for Limited Government President Rick Manning live to discuss President Biden’s refusal to get serious about the national debt crisis looming over America.
$100 billion run on deposits, rising interest rates put First Republic into FDIC receivership, JP Morgan takes over as another one bites the dust:
https://dailytorch.com/2023/05/100-billion-run-on-deposits-rising-interest-rates-put-first-republic-into-fdic-receivership-jp-morgan-takes-over-as-another-one-bites-the-dust/
The Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation put the $229.1 billion California-based First Republic Bank into receivership today on May 1, while the FDIC also entered into a “purchase and assumption agreement” with JP Morgan-Chase Bank for the nation’s largest bank to assume First Republic’s assets as well as its $103.9 billion of deposits. Another one bites the dust. Once again, like Silicon Valley and Signature Banks, the bank was caught upside down on interest rates causing a run on uninsured bank deposits of more than $100 billion in March. So, far three major bank runs have occurred in the span of a little more than a month. This thing could just be clearing its throat even as worried investors hope the worst is past us. I guess we’ll see?
Joe Biden is playing a game of chicken on default with no-strings increase of $31 trillion debt ceiling:
https://dailytorch.com/2023/05/joe-biden-is-playing-a-game-of-chicken-on-default-with-no-strings-increase-of-31-trillion-debt-ceiling/
President Joe Biden is set to meet with House Speaker Kevin McCarthy (R-Calif.) and other Congressional leaders on May 9 to discuss the looming the $31.4 trillion debt ceiling. It’s about time. So far, Biden’s only plan has been for Congress to simply increase it into perpetuity or else threaten to default, never bothering to address the dismal fiscal outlook facing the nation, even as regional banks continue to fail because of the unsustainable burden caused by taking on U.S. treasuries — a problem that will only grow as the White House Office of Management and Budget (OMB) projects the national debt will rise to $50.7 trillion by 2033. In truth it could be much larger than that, since the debt has been growing at more than 8 percent a year on average since 1980. In fact, if it continues at its current clip, it will rise to more than $100 trillion by 2037. Either way, $50 trillion or $100 trillion, or most likely somewhere in between, who is going to buy all of those treasuries? Why, U.S. banks will, naturally, as foreign governments continue to reduce their overall share of U.S. treasuries and the Federal Reserve reaches its own limit of being able to print money to pay the debt after spiraling inflation.
Speaker McCarthy roasts President Joe Biden for failing to pass the debt limit. Click the link below to email the Senate and tell them to pass the Limit, Save, Grow Act to cut government spending: https://limitgov.salsalabs.org/PassLimitSaveGrowAct/index.html
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After spying on Trump, Congress should use FISA Section 702 reauthorization to end domestic political surveillance under Title I
https://dailytorch.com/2023/04/after-spying-on-trump-congress-should-use-fisa-section-702-reauthorization-to-end-domestic-political-surveillance-under-title-i/
“We need to make changes to the FISA process. I think we should not even reauthorize FISA, which is going to come up in the next Congress.” That was House Judiciary Committee Chairman Jim Jordan (R-Ohio) — then the ranking member — in Oct. 2022, speaking with Fox Business’ Maria Bartiromo, outlining his opposition to reauthorization of section 702 of the Foreign Intelligence Surveillance Act (FISA), which expires on Dec. 31, 2023. Executive branch officials say is critical to protecting national security will expire. It is the only section of FISA that sunsets on a periodic basis, and thus, provides a periodic opportunity for members of Congress to address the decades-long problem of domestic political surveillance. Whenever the question of Section 702 has come up since 2008, attempts at intelligence reform are always deflected and rebuffed. “That’s the wrong section,” civil liberties groups are always told. And yet, once all the information from Chairman Jordan’s committee has been gathered, besides must-pass pieces of legislation, whether it be Section 702 reauthorization, the annual national defense authorizations, the $31.4 trillion national debt ceiling or the annual omnibus spending bills and appropriations bills, what other leverage do members of Congress have to enact reforms?
