US: House Budget Committee Reconcilliation Markup Underway Shortly

The House Budget Committee is set to gavel in shortly to mark up the Republican tax and spending 'megabill' known as the 'One Big Beautiful Bill'. The markup comes amid a rebellion from conservative deficit hawks and blue-state ‘SALT’ Republicans. LIVESTREAM 

• Conservatives are furious the ‘megabill’ is set to be marked up without hard numbers from the Congressional Budget Office on the debt implications of the package. CBO chief Phillip Swagel told conservatives yesterday the final score for the Energy and Commerce portion of the package is only likely to be available next week, irking conservatives who believe cuts to Medicaid aren’t deep enough to offset tax cuts and spending.
• Blue-state Republicans, to whom SALT is an existential political issue, are threatening to torpedo the package if Johnson doesn’t hike the State and Local Tax (SALT) deduction cap higher than the $30,000 currently written into the tax bill.
• Johnson can only lose two votes in the Budget Committee if all Democrats are present and voting, as expected. The vote will be 'up-down', meaning there is no debate or amendment permitted.
• Reps Chip Roy (T-TX), Josh Brecheen (R-OK), and Ralph Norman (R-SC) are all potential noes. Rep Brandon Gill (R-TX) could also miss the markup due to parental leave. If conservatives are to back the package, it will likely be due to a 'handshake' agreement from Johnson that the bill will be open to revision in the Rules Committee next week.