House Republicans Face Difficult Trade-Offs to Pass Tax Bill

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 19 May 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 19. To meet their self-imposed deadline of Memorial Day, House Republicans are facing a tug of war over spending cuts. Siobhan Hughes, who covers Congress for WSJ, discusses the major points of contention and where the bill goes from here. Plus, President Trump wants the U.S. to be a manufacturing powerhouse, even though hundreds of thousands of manufacturing jobs are currently unfilled. We hear from Journal economics reporter Chao Deng about what makes those jobs less appealing to workers, and what manufacturers are doing to try to woo them. And the U.S. Supreme Court allows the Trump administration to strip Venezuelan migrants of their legal status. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.2	your credit. Terms and conditions apply. House Republicans tax and spending bill overcomes a key
0:36.6	hurdle but faces a difficult path to get passed by Memorial Day.
0:40.3	Every time people have bet against House Speaker Mike Johnson, they have ended up losing.
0:45.3	And a piece of that track record is he has got the very powerful hammer held by President Donald Trump,
0:52.3	who magically, when votes come up on the floor, is able to
0:56.1	twist enough arms that bills get through this narrow majority.
0:59.5	Plus, why hundreds of thousands of U.S. manufacturing jobs are unfilled.
1:04.5	And President Trump and Russian President Vladimir Putin failed to agree on an immediate ceasefire
1:09.9	in Ukraine.
1:11.3	It's Monday, May 19th.
1:13.1	I'm Alex O'Soullef for the Wall Street Journal.
1:15.5	This is the PM edition of What's News,
1:17.9	the top headlines and business stories that move the world today.
1:25.0	House Republicans have set a deadline of Memorial Day, May 26th, to pass President Trump's big, beautiful, tax and spending bill.
1:33.1	And though the bill passed the critical committee phase in the House last night, there are big parts of it that lawmakers are still hammering out.
1:40.5	Chavonne Hughes covers Congress for the Wall Street Journal.
	...

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