House Republicans Face Difficult Trade-Offs to Pass Tax Bill

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  House Republicans' tax and spending bill overcomes a key hurdle,

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  but faces a difficult path to get past by Memorial Day.

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  Every time people have bet against House Speaker Mike Johnson, they have ended up losing.

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  And a piece of that track record is he has got the very powerful hammer held by President Donald Trump,

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  who magically,

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  when votes come up on the floor,

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  is able to twist enough arms that bills get through this narrow majority.

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  Plus, why hundreds of thousands of U.S. manufacturing jobs are unfilled.

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  And President Trump and Russian President Vladimir Putin failed to agree on an immediate ceasefire in Ukraine.

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  It's Monday, May 19th.

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  I'm Alex Oseleff for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  House Republicans have set a deadline of Memorial Day, May 26th.

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  to pass President Trump's big, beautiful tax and spending bill.

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  And though the bill passed the critical committee phase in the House last night,

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  there are big parts of it that lawmakers are still hammering out.

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  Siobhan Hughes covers Congress for The Wall Street Journal.

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  Siobhan, like I mentioned, the bill passed a key hurdle.

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  Where does it stand now?

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