You may remember back in December 2015 Paul Ryan passed Barack Obama’s $1.1 trillion, 2,000 page omnibus bill; that’s the bill that included funding for Obama’s controversial amnesty program and Obamacare. Neither Paul Ryan nor Mitch McConnell had a problem passing that monstrosity. It seems however that they’ll have a whole new attitude with the incoming president.
Ryan and McConnell are threatening to block Trump’s spending plan.
Bloomberg reports,
In the afterglow of Donald Trump’s unexpected triumph, Republicans exulted over what they could accomplish with control of both chambers of Congress and the White House.
But behind the public show of unity, a stark difference looms. House Speaker Paul Ryan is a fiscal hawk who wants to couple tax cuts with deep spending cuts. Trump catapulted himself into the presidency talking about tax cuts too, but he also is proposing a multi-billion-dollar infrastructure plan and has vowed to protect entitlement programs like Social Security and Medicare.
Such gaps went unmentioned when Trump met with Ryan and Senate Majority Leader Mitch McConnell last week. But ultimately, one side will have to bend, whether Trump ends up moderating his spending and tax-cut plans, or congressional fiscal hawks relent on their opposition to new spending.
The signs of a looming clash are already there. One day after meeting with Trump, McConnell poured cold water on Trump’s spending plans, telling reporters that a government stimulus wasn’t going to help the economy.
“A government spending program is not likely to solve the fundamental problem of growth,” he said Friday.
Ryan and McConnell are threatening to block Trump’s spending plan.
Bloomberg reports,
In the afterglow of Donald Trump’s unexpected triumph, Republicans exulted over what they could accomplish with control of both chambers of Congress and the White House.
But behind the public show of unity, a stark difference looms. House Speaker Paul Ryan is a fiscal hawk who wants to couple tax cuts with deep spending cuts. Trump catapulted himself into the presidency talking about tax cuts too, but he also is proposing a multi-billion-dollar infrastructure plan and has vowed to protect entitlement programs like Social Security and Medicare.
Such gaps went unmentioned when Trump met with Ryan and Senate Majority Leader Mitch McConnell last week. But ultimately, one side will have to bend, whether Trump ends up moderating his spending and tax-cut plans, or congressional fiscal hawks relent on their opposition to new spending.
The signs of a looming clash are already there. One day after meeting with Trump, McConnell poured cold water on Trump’s spending plans, telling reporters that a government stimulus wasn’t going to help the economy.
“A government spending program is not likely to solve the fundamental problem of growth,” he said Friday.
