“House Republicans are seriously considering proposals to further limit tax deductions that companies can take for their highest-paid workers’ compensation, expanding restrictions that now apply only to a handful of current or former executives making more than $1 million,” the Wall Street Journal reports.
Trump Urges Stephen A. Smith to Run
President Trump said ESPN commentator Stephen A. Smith should totally run for president in 2028, the New York Post reports.
Said Trump: “I’ve been pretty good at picking people and picking candidates and I will tell you — I’d love to see him run.”
Kamala Harris Condemns Trump’s ‘Reckless’ Policies
Former vice president Kamala Harris marked President Donald Trump’s first 100 days in office by condemning his “reckless” tariffs, “unconstitutional demands” and efforts to stoke a climate of fear to silence his dissenters, the Washington Post reports.
The Perils of Punting
Punchbowl News: “All year, top House and Senate Republicans have been in punt formation.”
“What would Medicaid cuts look like under President Donald Trump’s reconciliation package? Punt. How would House GOP leaders get $880 billion in savings from the House Energy and Commerce Committee? We’ll decide later. How about scrapping clean energy tax credits? Need to get back to you. What will Republicans do about the nettlesome SALT cap? Let’s keep the conversation going.”
“It’s now May 1. Speaker Mike Johnson wants to pass the totality of Trump’s domestic policy agenda through the House in the next three weeks.”
“Yet House Republicans still haven’t made decisions on some of the biggest issues hanging over the massive reconciliation package. They’re still fighting over the basic contours of the trickiest tax cuts and spending reductions.”
Tesla Pushes Back Hard on Reported CEO Search
Playbook: “Tesla and Elon Musk are pushing back hard against a sensational WSJ report which said the auto company began searching for a new CEO after a miserable start to 2025.”
“In a statement published on X at 1:23 a.m., Tesla insisted it is “highly confident” in Musk’s abilities, and said it was “absolutely false” to say its board had contacted recruitment firms to initiate a CEO search. Musk then started posting lots of angry stuff on X.”
Quote of the Day
“Congratulations to President Trump for drawing 4,000 people last night to a rally Warren, MI. Keep it up. You brought out almost half as many people as we did in the same city last month!”
— Sen. Bernie Sanders (I-VT), on X.
Tesla Opened Search for CEO to Succeed Elon Musk
“About a month ago, with Tesla’s stock sinking and some investors irritated about Elon Musk’s White House focus, Tesla’s board got serious about looking for Musk’s successor,” the Wall Street Journal reports.
“Board members reached out to several executive search firms to work on a formal process for finding Tesla’s next chief executive.”
Republicans Hit Early Snags on Trump’s Agenda
“Republicans are already hitting some snags as they begin the work of crafting a bill for President Donald Trump’s sweeping domestic policy agenda. And they haven’t even made some of their hardest decisions yet,” NBC News reports.
“Fresh off a two-week recess, House committees have begun marking up their respective pieces of the package, which aims to extend Trump’s 2017 tax cuts, boost funding for immigration enforcement and the military, and increase the debt ceiling. In their hunt for steep savings to pay for it all, Republicans are starting with some of the lowest-hanging fruit when it comes to spending cuts.”
House GOP Must Convince Trump on Medicaid Cuts
“President Donald Trump is skeptical of congressional Republicans’ emerging plans to make deep cuts to Medicaid, the safety-net health program covering nearly 80 million Americans,“ Politico reports.
“Speaker Mike Johnson and other House leaders are zeroing in on a framework that would roll back part of the Medicaid expansion enacted under President Barack Obama, generating hundreds of billions of dollars in savings to help pay for the rest of Trump’s legislative agenda — including sweeping tax cuts plus border security and defense spending.”
Polls Suggest Trump’s Base Is Starting to Waver
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Ocasio-Cortez Weighing Bid to Lead House Oversight
Rep. Alexandria Ocasio-Cortez (D-NY) said Wednesday she is considering a run for House Democrats’ top position on the Oversight Committee, Politico reports.
Said Ocasio-Cortez: “It’s something that I’m weighing, but the seat is not yet vacated, and I think that’s a bridge we can cross when we get to it.”
Paramount and Trump Enter Mediation Far Apart
“Paramount Global and President Trump began mediation talks Wednesday millions of dollars—and an apology—apart,” the Wall Street Journal reports.
“It isn’t known what the sides planned to offer to kick off the mediation talks. Among themselves, Paramount leaders have in recent weeks discussed settling the lawsuit for around $15 million to $20 million, according to people familiar with the matter. The range would be in line with what Disney and technology companies have agreed to pay to resolve lawsuits filed by Trump.”
“Meantime, Trump’s team is expected to ask for an apology, different people familiar with the matter said. They are also expected to seek far more than $20 million.”
Republicans Make Little Progress on SALT Cap
“House Republicans came away empty-handed Wednesday afternoon from a high-stakes meeting aimed at ending a yearslong standoff within their caucus over a $10,000 cap on state and local tax deductions,” Politico reports.
Republicans Kill Measure to Overturn Trump’s Tariffs
“The Senate narrowly defeated a resolution seeking to overturn President Donald Trump’s global tariffs, handing GOP leaders a victory,” Punchbowl News reports.
“The measure would have passed with full attendance but was deadlocked at 49% to 49%, with Sens. Sheldon Whitehouse (D-RI) and Mitch McConnell (R-KY) absent. Both would have voted for the resolution if they were present.”
James Carville vs. David Hogg
Tara Palmeri hosts a debate between James Carville, 80, and David Hogg, 25, on the future of the Democratic party.
Senate Republicans Headed for Defeat on Tariff Vote
“Attendance issues in the Senate could prove pivotal for GOP leaders ahead of a vote on a resolution to overturn President Donald Trump’s ‘Liberation Day’ tariffs,” Punchbowl News reports.
“Senate Republican leaders were on track for yet another defeat today, with four GOP senators prepared to cross party lines and vote with Democrats to rebuke Trump’s tariff regime for the second time in less than a month.”
Lindsey Graham Pushes Russia Crackdown
“Sen. Lindsey Graham, a close ally of President Trump, is forging ahead on a plan to impose new sanctions on Russia and steep tariffs on countries that buy Russian oil, gas and uranium, as Trump struggles to fulfill his campaign promise to end the war in Ukraine,” the Wall Street Journal reports.
“The South Carolina Republican said that support for his bill crossed the critical threshold of 60 co-sponsors on Wednesday, meaning it has enough votes to overcome a Senate filibuster. By the end of the week, Graham predicted, the bill will have at least 67 co-sponsors, enough to override a potential presidential veto.”
Jonathan Lemire: What would it take for Trump to stand up to Putin?
Federal Election Commission Effectively Shuts Down
NOTUS: “The Wednesday meeting is likely the FEC’s last for what could be weeks or months due to the departure of Republican Commissioner Allen Dickerson and the failure of President Donald Trump and the Senate to nominate and appoint new commissioners.”
“After Wednesday, the FEC won’t have its required quorum of four commissioners to conduct high-level business.”
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