This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Here is the heinous approach Republicans plan to fund tax cuts for the wealthy
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Politics > Here is the heinous approach Republicans plan to fund tax cuts for the wealthy
Politics

Here is the heinous approach Republicans plan to fund tax cuts for the wealthy

Editorial Board Published February 13, 2025
Share
Here is the heinous approach Republicans plan to fund tax cuts for the wealthy
SHARE

Home Republicans launched a price range proposal Wednesday outlining plans to pay for President Donald Trump’s tax cuts for the wealthy by forcing deep cuts to packages like meals stamps and Medicaid.

“This price range decision is a key step to begin the method in delivering President Trump’s America First agenda. With almost each Home Republican instantly engaged on this deliberative course of, this decision displays our collective dedication to enacting the President’s full agenda—not simply part of it,” Home Speaker Mike Johnson, Republican of Louisiana, posted on X

The price range blueprint requires $880 billion in cuts to Medicaid—this system that gives medical insurance to 72 million low-income People—over the following 10 years, which might require states to both give you the cash to fund it themselves or slash advantages for recipients.

The price range additionally requires $230 billion in cuts to meals stamps, which the Heart for American Progress says quantities to a 20% reduce to this system that helps feed 42 million People yearly. Many meals stamp recipients dwell in crimson states that Trump received by massive margins, reminiscent of West Virginia, Oklahoma, and Louisiana, which have a few of the highest populations of meals stamp recipients within the nation.

Here is the heinous approach Republicans plan to fund tax cuts for the wealthy
A protester holds an indication that reads, “Save our lives … don’t cut Medicaid.”

And in current days, Republicans and DOGE bro Elon Musk have steered that they’re coming for Social Safety, the favored social security internet program that gives an earnings for retirees. Politicians have traditionally prevented slicing Social Safety for worry of voter backlash.

All of those cuts could be used to pay for the $4.5 trillion renewal of Trump’s 2017 tax cuts, which overwhelmingly benefited the wealthiest tax payers. A Tax Coverage Heart evaluation discovered that the highest 1% of earners obtained a mean tax reduce of greater than $60,000 in 2025, whereas the underside 60% obtained a mean annual tax reduce of simply $500.

The Republicans’ price range says that their final objective is to cut back necessary spending by $2 trillion—this consists of Medicare, Social Safety, Medicaid, and veterans advantages. If they can not discover $2 trillion, the tax cuts “should be reduced by a commensurate amount to offset the difference,” in response to the price range.

Republicans plan to have a price range listening to on Thursday, with a objective of passing the price range by the top of the month, CNN reported.

Republicans have admitted that these sorts of cuts will likely be “painful” for People. In the end, making these sorts of cuts may very well be politically disastrous for the GOP.

A January ballot from the Democratic agency Hart Analysis discovered that 76% of voters have a positive view of Medicaid, and that 78% disapprove of main Medicaid cuts. It additionally discovered that 82% of voters disapprove of creating cuts to well being care packages with a purpose to pay for tax cuts.

Democrats instantly lambasted the Republican price range proposal.

“Senate Republicans’ partisan budget resolution would toss programs like SNAP and Medicaid into the woodchipper—all in service of passing tax giveaways for the wealthiest Americans,” Sen. Patty Murray of Washington wrote on X.

And Rep. Jim Clyburn of South Carolina shared related opposition to the GOP price range proposal in a publish on X. 

“They have one agenda — stealing from the poor and giving to the rich.”

Thanks to the Every day Kos neighborhood who continues to battle so exhausting with Every day Kos. Your reader assist means every thing. We’ll proceed to have you ever lined and maintain you knowledgeable, so please donate simply $3 to assist assist the work we do.

TAGGED:cutsfundHeinousHeresplanRepublicansRichtax
Share This Article
Twitter Email Copy Link Print
Previous Article Nearly one-quarter of Canadians averted the dentist over value: StatCan – Nationwide Nearly one-quarter of Canadians averted the dentist over value: StatCan – Nationwide
Next Article 18 Finest Beard Wash and Shampoos for Males 2025 | Fashion 18 Finest Beard Wash and Shampoos for Males 2025 | Fashion

Editor's Pick

Mr Unifier – a Somalian Tale

Mr Unifier – a Somalian Tale

Authors, Mr Musse Bashire Ahmed. Ma, Ba (hons) and Neil Watson. PhD In Somalia, it is not uncommon for tribal…

By Editorial Board 3 Min Read

Oponion

Congress races to patch B Veterans Affairs shortfall

Congress races to patch $3B Veterans Affairs shortfall

Lawmakers are shifting shortly to cross emergency laws to plug…

September 19, 2024

US client sentiment held regular in October, however labor market worries persist

State Road Funding Administration CIO Michael…

October 12, 2025

Disney proclaims main plans to commemorate America’s 250th anniversary

Disney plans to point out off…

October 21, 2025

Earthquake permits Croatian officers to find Roman theater beneath city corridor: photos

An earthquake in Croatia led to…

May 13, 2025

Trump says US has ‘Silly Commerce,’ not ‘free commerce’

U.S. Commerce Secretary Howard Lutnick breaks…

March 13, 2025

You Might Also Like

A lot for the Trump regime’s ‘spiritual freedom’ hogwash
Politics

A lot for the Trump regime’s ‘spiritual freedom’ hogwash

The Trump administration by no means misses a chance to tout its deep dedication to non secular freedom.  Why, simply…

8 Min Read
Here is a present of some cartoons of Christmas previous
Politics

Here is a present of some cartoons of Christmas previous

Take pleasure in these further Merry Christmas cartoons—and please be happy to share extra of your favorites within the feedback. The…

1 Min Read
Every part you should learn about Christmas, and the way it has developed into a worldwide vacation
Politics

Every part you should learn about Christmas, and the way it has developed into a worldwide vacation

Christmas is a Christian vacation that observes the beginning of Jesus. However do you know that the earliest followers of Jesus…

10 Min Read
All the very best presents for the worst folks, courtesy of the Trump household
Politics

All the very best presents for the worst folks, courtesy of the Trump household

There’s by no means been a president—or a presidential household—so hyped to slap their identify on merchandise. It’s simply our…

8 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?