Friday, February 20, 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

Trump Totally Lost It After The Supreme Court Gutted His Tariffs
Politics

Trump Totally Lost It After The Supreme Court Gutted His Tariffs

February 20, 2026
Supreme Court strikes down Trump’s tariff regime
Politics

Supreme Court strikes down Trump’s tariff regime

February 20, 2026
A Sweaty And Babbling Trump Tried To Deliver An Economic Speech In Georgia And It Was A Disaster
Politics

A Sweaty And Babbling Trump Tried To Deliver An Economic Speech In Georgia And It Was A Disaster

February 19, 2026
Trump Hints At Prosecuting Obama For Leaking Classified Information
Politics

Trump Hints At Prosecuting Obama For Leaking Classified Information

February 19, 2026
The US government keeps using dangerous chemicals on protestors
Politics

The US government keeps using dangerous chemicals on protestors

February 19, 2026
Trump made us a soundtrack to world peace
Politics

Trump made us a soundtrack to world peace

February 19, 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
MAKA: Make America Kittens Again

MAKA: Make America Kittens Again

November 18, 2024
As Conclave Nears, Catholics Wonder if New Pope Will Support Latin Mass

As Conclave Nears, Catholics Wonder if New Pope Will Support Latin Mass

May 5, 2025
Trump inauguration pulls in 0 million in donations, doubling previous record

Trump inauguration pulls in $200 million in donations, doubling previous record

January 4, 2025
Plant-based meat has been relentlessly — and unfairly — attacked as “ultra-processed.” Can the industry save itself?

Plant-based meat has been relentlessly — and unfairly — attacked as “ultra-processed.” Can the industry save itself?

August 14, 2025
Here’s What The Shutdown Is REALLY About

Here’s What The Shutdown Is REALLY About

October 8, 2025
Thomas Gaither, Who Chose Jail After Civil Rights Sit-ins, Dies at 86

Thomas Gaither, Who Chose Jail After Civil Rights Sit-ins, Dies at 86

January 25, 2025
“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
Billy Preston’s life was a gospel of joy — and a blues of survival

Billy Preston’s life was a gospel of joy — and a blues of survival

February 20, 2026
Trump’s tariff defeat, briefly explained

Trump’s tariff defeat, briefly explained

February 20, 2026
Trump Totally Lost It After The Supreme Court Gutted His Tariffs

Trump Totally Lost It After The Supreme Court Gutted His Tariffs

February 20, 2026
Trump Flies Into A Rage After Supreme Court Decision On Tariffs

Trump Flies Into A Rage After Supreme Court Decision On Tariffs

February 20, 2026
Supreme Court strikes down Trump’s tariffs

Supreme Court strikes down Trump’s tariffs

February 20, 2026
And America’s worst top role model is . . . Tyra Banks

And America’s worst top role model is . . . Tyra Banks

February 20, 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

  • Billy Preston’s life was a gospel of joy — and a blues of survival
  • Trump’s tariff defeat, briefly explained
  • Trump Totally Lost It After The Supreme Court Gutted His Tariffs
  • 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