GOP Proposes $4.5 Trillion Tax Giveaway to the Rich, CUT MEDICAID AND FOOD STAMPS

Its the @astros123 and @fchowd0311 anthem

 

People are dying

 

did you watch the video??

 

I guess the devil is in the details of those "other health and education subsidies"

 

I'm only laughing at the video and the quote about "always lying" that prompted it

 

i fix it for ya, HP3. Like they said, they don't care.

Sacrifices will have to be made for the country to be great and if it means old and poor folks, so be it - Republicans.

 

I don't think they can do 1 trillion in cuts to Medicaid and SNAP--that would basically have to eliminate BOTH programs in total. Don't see that happening.

 

do you have anything more detailed than the House proposal (at https://docs.house.gov/meetings/BU/BU00/20250213/117894/BILLS-119NAih.pdf ) which includes NO details, or more detailed than the Bobby Kagan tweet which is a simple assertion without any supporting detail? I'm not seeing any specifics, anywhere. Not that I necessarily want to spend much time with this at the moment . . . game time is in one hour.

 

Deleted

 

okay. here is some slightly more sober reporting from the WSJ and with luck that should help alleviate at least SOME of the anxiety:

"That plan released Wednesday—headed for a Budget Committee vote Thursday—calls for a minimum of $1.5 trillion in spending cuts over a decade and a maximum of $4.5 trillion in tax cuts from the Ways and Means Committee."​

I think the key word there is "minimum." The second key word is "decade."

anyway. link will work for everyone

https://www.wsj.com/politics/policy...2?st=JuD9vs&reflink=desktopwebshare_permalink

House GOP Plan Envisions $4.5 Trillion in Tax Cuts
Senate is moving ahead with its own narrower plan focusing on border security
By Richard Rubin, Siobhan Hughes and Olivia Beavers
Updated Feb. 12, 2025 at 7:48 pm ET

WASHINGTON—House Republicans released the first blueprint for their “one big, beautiful bill” that would cut taxes, reduce spending and provide money for border enforcement.

Lawmakers created the outline after weeks of tense internal meetings among their competing factions, and some members indicated they weren’t fully on board.

That plan released Wednesday—headed for a Budget Committee vote Thursday—calls for a minimum of $1.5 trillion in spending cuts over a decade and a maximum of $4.5 trillion in tax cuts from the Ways and Means Committee. It would increase the federal debt limit by $4 trillion, likely enough to get through about two years. The plan calls for $300 billion in new spending, likely for immigration enforcement and the military.

The spending-cut minimum is below the $2 trillion or $2.5 trillion floor that the most conservative House Republicans wanted to hit. The tax-cut maximum is below the $5.5 trillion that would allow for extending all of the tax cuts that expire at the end of this year and make room for priorities of President Trump such as tax-free tips, overtime pay and Social Security benefits.

The release of the plan came as Senate Republicans also claimed progress Wednesday in implementing Trump’s top priorities. The House and Senate are still moving in different and incompatible directions, however, and they have to resolve that dispute before they can get anything significant to Trump’s desk.

The House plan says it ultimately is aiming for $2 trillion in spending-cut reductions and that the goal would be to reduce the Ways and Means deficit-increasing allowance if spending cuts don’t hit that target.

The targets are going to test House Republicans’ ability to unify their fractious, narrow majority, now at 218-215. Rep. Ralph Norman (R., S.C.), a Budget Committee member, said Wednesday that progress had been made in setting the floor for spending, but he was undecided on whether he would support the plan. And Rep. Eric Burlison (R., Mo.) said the plan was “pathetic” and that the spending cut floor needed to be higher.

Even if House Republicans adopt a budget, subsequent legislation that stays within those thresholds could prove challenging to write and pass.

“This is Trump’s agenda. Would you want to be the person that stands between the president and his agenda?” said Rep. Lisa McClain (R., Mich.), the House GOP conference chair.

Rep. Jason Smith (R., Mo.), the Ways and Means chairman, had previously said that a $4.5 trillion maximum allowed for tax cuts wouldn’t be enough to accomplish all of Trump’s tax priorities. On Wednesday, he said, “It’s a good starting point.”

Most of that amount would be consumed by extending tax cuts that expire at the end of this year. If Congress doesn’t act, taxpayers’ standard deduction would shrink, rates would climb and the child tax credit would be cut in half. Republicans also want to loosen the cap on the state and local tax deduction and fulfill Trump’s campaign-trail promises. Rep. Lloyd Smucker (R., Pa.), said the administration has backed the $4.5 trillion number.

Republicans have several options that could help hit that target. Ways and Means could cut spending in its jurisdiction, including programs for low-income households and Medicare changes that wouldn’t directly hit beneficiaries. The panel could also curb tax breaks, including clean-energy tax credits that the Democratically controlled Congress enacted in 2022.

On the spending side, the largest cuts would be at least $880 billion from the Energy and Commerce Committee, which has jurisdiction over Medicaid, the health insurance program for low-income people. Republicans have talked about a variety of Medicaid changes, including work requirements for able-bodied beneficiaries and revisions to funding formulas for the federal-state program. Other possible spending-cut targets include student-loan programs and food assistance for low-income people.

Republicans are planning to assume that real economic growth—caused by their plans and Trump’s actions on deregulation and fossil-fuel production—can be higher than the 1.8% forecast by the Congressional Budget Office. That would throw off enough tax revenue so Republicans can claim that their plan wouldn’t add to budget deficits.

But such growth is difficult to achieve and sustain, economists say, especially because Trump’s immigration and tariff policies tend to slow growth.

Democrats highlighted the contrast between the potential cuts to Medicaid and food assistance and the tax cuts that would go to some of the wealthiest households.

“This is the same crew that, when Democrats are in charge, cried crocodile tears about deficits and debt, but then once they’re in office, they blow up the debt far more than any Democratic president or Democratic Congress has,” said Rep. Brendan Boyle (D., Pa.), the top Democrat on the Budget Committee.

Meanwhile, in the Senate, the Budget Committee advanced the first phase of its two-track plan, voting 11-10 on party lines to back a budget blueprint after rejecting Democratic amendments.

Instead of one big bill, Republican senators wrote a budget aimed at allowing a roughly $350 billion package focused on border-security and national defense. They want to save the messier tax and spending debate until later in the year, though that approach runs the risk that Republicans might struggle to do that and need to seek Democratic votes to avoid a tax increase.

Tom Homan, Trump’s border czar, and budget chief Russell Vought met Tuesday with Senate Republicans and emphasized how they are running out of money for the immigration enforcement Trump wants, said Sen. Lindsey Graham (R., S.C.), the Budget Committee chairman.

“Why would they come over and tell us, begging for money, if they didn’t want to move?” Graham said. “I think they came over to create a sense of urgency, that we need the money and we need it now for border and the military.”

Graham and Republican senators say they understand the House’s approach—the theory being that the House can only corral its members once in a single pass-fail exercise—but they just don’t think it is doable now. The Senate budget doesn’t make room for tax-cut extensions nor does it require spending cuts as large as the House plan.

“This isn’t easy,” said Sen. Ron Johnson (R., Wis.). “I think we’re all finding one big beautiful bill is also one really big, complex and hard to even draft—much less pass—bill as well.”

Republicans are using the process known as budget reconciliation to advance Trump’s priorities. The approach lets them advance a bill in the Senate with a simple majority, avoiding the 60-vote filibuster threshold and the need for Democratic votes.

Appeared in the February 13, 2025, print edition as 'House GOP Aims for Tax Cuts of $4.5 Trillion'.

​

 

Look bro, I think you genuinely do care about people but like @Os Trigonum stated... Need more specifics..

 

the WSJ article provides more than the article in the OP:

Republicans have several options that could help hit that target. Ways and Means could cut spending in its jurisdiction, including programs for low-income households and Medicare changes that wouldn’t directly hit beneficiaries. The panel could also curb tax breaks, including clean-energy tax credits that the Democratically controlled Congress enacted in 2022.
​

bolded emphasis added. anyway.