Wednesday, March 25, 2026
Smart Again
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us
No Result
View All Result
Smart Again
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us
No Result
View All Result
Smart Again
No Result
View All Result
Home Politics

House Republicans move to gut spending and cut taxes (mainly for the rich) by $4.5 trillion

February 12, 2025
in Politics
Reading Time: 3 mins read
0 0
A A
0
House Republicans move to gut spending and cut taxes (mainly for the rich) by .5 trillion
Share on FacebookShare on Twitter


Republican House Speaker Mike Johnson, Arizona Rep. Abraham Hamadeh, and House Majority Whip Tom Emmer of Minnesota following a Capitol press conference on Tuesday, February 11. J. Scott Applewhite/AP

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

The budget resolution released Wednesday by the House Republican caucus contains no concrete details, but it codifies a GOP strategy that should surprise absolutely no one.

In parallel with the mayhem playing out in the Executive Branch, the House lawmakers aim to gut agencies Donald Trump disfavors, boost spending for those that align with his agenda, renew and extend the 2017 tax cuts that enriched America’s most affluent—his latest proposals all told, by one estimate, would raise taxes on all but the top 5 percent. They also pay lip service to the deficit even as their proposals will increase it significantly, perhaps as a way to build political consensus for cuts to programs like Social Security and Medicare.

Specifically, the new resolution directs each House committee to submit recommendations, by March 25, to either cut or increase federal spending under its jurisdiction. The figures below cover the 10-year period from 2025 to 2034.

Cuts (“not less than…”)Agriculture: $230 billionEducation and Workforce: $330 billionEnergy and Commerce: $880 billionFinancial Services: $1 billionNatural Resources: $1 billionOversight and Government Reform: $50 billionTransportation and Infrastructure: $10 billion

Total cuts: $1.5 trillion

Increases (“not more than…”)Armed Services: $100 billionHomeland Security: $90 billionJudiciary: $110 billion

And the doozy: Ways and Means, the committee responsible for tax policy, “shall submit changes in laws within its jurisdiction that increase the deficit by not more than $4,500,000,000,000.”

That’s an invitation for a net $4.5 trillion in tax cuts.

Total increases: $4.8 trillion

If the total cuts from the group above don’t reach $2 trillion, the document states, the difference will come out of Ways and Means’ $4.5 trillion allowance. That would leave us with almost $3 trillion in deficit spending. But at least the rich will get their tax breaks, right?

The resolution also asks Ways and Means to request a $4 trillion increase in the debt limit.

In the past, House Republicans have talked a good game on balanced budgets. This would be anything but. Tellingly, their resolution makes a show of lamenting the growing federal debt, which “poses a significant risk to the country’s long-term fiscal sustainability, with implications for future generations.” The document points to the mandatory spending that accounts for more than 70 percent of the budget, noting that it has increased by 59 percent since 2019.

And yes, the growing debt is a problem, especially when interest rates are higher, which makes servicing payments expensive, but there are ways to narrow the deficit that the Republicans, along with Elon Musk and his DOGE bros, have largely ignored.

Indeed, the gripes about mandatory federal spending, especially in this context, sound like a pre-justification for cutting from the three biggest areas of mandatory spending: Social Security, Medicare, and Medicaid.

Republicans have already targeted Medicaid, the national health insurance program for the poor, by proposing work requirements—which evidence shows are little more than a cruel tactic to purge people from the rolls. Going after Social Security and Medicare would be messing with America’s seniors, who are relatively wealthy and politically engaged, driving up their health care costs.

Historically, the latter two have been political third rails, “but with this group, I kind of never know anymore,” says a Democratic aide who works with the House Ways and Means Commitee. “They’re already talking about doing things on Social Security and Medicare in a way that I never would have thought they would be talking about, but it’s definitely in the ether.”



Source link

Tags: cutgutHouseMoveRepublicansRichspendingtaxestrillion
Previous Post

“Stop this ridiculous war”: Trump teases end of Ukraine conflict after calls with Putin, Zelenskyy

Next Post

Data Analysts Recommend Investigation Into Trump’s Pennsylvania Win

Related Posts

GOP Is Doomed: Trump Economy Approval Rating Sinks Lower Than Joe Biden’s Ever Was
Politics

GOP Is Doomed: Trump Economy Approval Rating Sinks Lower Than Joe Biden’s Ever Was

March 24, 2026
Mad scientist
Politics

Mad scientist

March 24, 2026
Trump Melts Like Frosty The Snowman While Trying To Proclaim The Iran War Over
Politics

Trump Melts Like Frosty The Snowman While Trying To Proclaim The Iran War Over

March 24, 2026
“Flagrant Violation”: Judge orders return of mother deported despite DACA
Politics

“Flagrant Violation”: Judge orders return of mother deported despite DACA

March 24, 2026
Trump’s Mail In Voting Hypocrisy Blows Up In His Face
Politics

Trump’s Mail In Voting Hypocrisy Blows Up In His Face

March 24, 2026
The problem with condemning MomTok’s Taylor Frankie Paul
Politics

The problem with condemning MomTok’s Taylor Frankie Paul

March 24, 2026
Next Post
Data Analysts Recommend Investigation Into Trump’s Pennsylvania Win

Data Analysts Recommend Investigation Into Trump's Pennsylvania Win

Happy Birthday, Abe

Happy Birthday, Abe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Expelliarmus! How to enjoy Harry Potter while disarming J.K. Rowling.

Expelliarmus! How to enjoy Harry Potter while disarming J.K. Rowling.

October 12, 2025
Judge Blocks Trump’s Funding Freeze, Saying White House Put Itself ‘Above Congress’

Judge Blocks Trump’s Funding Freeze, Saying White House Put Itself ‘Above Congress’

March 6, 2025
Why the DOJ is looking into DC crime stats

Why the DOJ is looking into DC crime stats

August 19, 2025
The cautionary tale of the real-life Snow White who lived among us in Hollywood

The cautionary tale of the real-life Snow White who lived among us in Hollywood

March 29, 2025
Trump Tantrums And Threatens To Primary The Indiana GOP Senate As Gerrymandering Scheme Crumbles

Trump Tantrums And Threatens To Primary The Indiana GOP Senate As Gerrymandering Scheme Crumbles

November 16, 2025
AI is moving fast. Should you ditch the job you love?

AI is moving fast. Should you ditch the job you love?

March 15, 2026
“They stole an election”: Former Florida senator found guilty in “ghost candidates” scandal

“They stole an election”: Former Florida senator found guilty in “ghost candidates” scandal

0
The prime of Dame Maggie Smith is a gift

The prime of Dame Maggie Smith is a gift

0
The Hawaii senator who faced down racism and ableism—and killed Nazis

The Hawaii senator who faced down racism and ableism—and killed Nazis

0
The murder rate fell at the fastest-ever pace last year—and it’s still falling

The murder rate fell at the fastest-ever pace last year—and it’s still falling

0
Trump used the site of the first assassination attempt to spew falsehoods

Trump used the site of the first assassination attempt to spew falsehoods

0
MAGA church plans to raffle a Trump AR-15 at Second Amendment rally

MAGA church plans to raffle a Trump AR-15 at Second Amendment rally

0
Trump Thinks He’s Winning Because Daily Videos Show U.S. Blowing Stuff Up

Trump Thinks He’s Winning Because Daily Videos Show U.S. Blowing Stuff Up

March 25, 2026
McGovern Blasts Trump’s 4-Day Golf Trip As Gas Prices Soared

McGovern Blasts Trump’s 4-Day Golf Trip As Gas Prices Soared

March 25, 2026
“Big Tech can no longer place our kids in danger”: Meta loses New Mexico child exploitation case

“Big Tech can no longer place our kids in danger”: Meta loses New Mexico child exploitation case

March 24, 2026
GOP Is Doomed: Trump Economy Approval Rating Sinks Lower Than Joe Biden’s Ever Was

GOP Is Doomed: Trump Economy Approval Rating Sinks Lower Than Joe Biden’s Ever Was

March 24, 2026
Mad scientist

Mad scientist

March 24, 2026
Disgraced Mark Robinson Admits He Lied About CNN Story On His Porn Obsession

Disgraced Mark Robinson Admits He Lied About CNN Story On His Porn Obsession

March 24, 2026
Smart Again

Stay informed with Smart Again, the go-to news source for liberal perspectives and in-depth analysis on politics, social justice, and more. Join us in making news smart again.

CATEGORIES

  • Community
  • Law & Defense
  • Politics
  • Trending
  • Uncategorized
No Result
View All Result

LATEST UPDATES

  • Trump Thinks He’s Winning Because Daily Videos Show U.S. Blowing Stuff Up
  • McGovern Blasts Trump’s 4-Day Golf Trip As Gas Prices Soared
  • “Big Tech can no longer place our kids in danger”: Meta loses New Mexico child exploitation case
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Smart Again.
Smart Again is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Trending
  • Politics
  • Law & Defense
  • Community
  • Contact Us

Copyright © 2024 Smart Again.
Smart Again is not responsible for the content of external sites.

Go to mobile version