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.


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

Alexa and Brennon Lemieux: ‘Love Is Blind’ Stars Announce Divorce 1 Yr After Daughter’s Delivery

Alexa and Brennon Lemieux: ‘Love Is Blind’ Stars Announce Divorce 1 Yr After Daughter’s Delivery

Studying Time: 3 minutes The proof that the Love Is Blind “experiment” just isn't a dependable technique to construct an…

By Editorial Board 4 Min Read
Himalayan black bear enters Kashmir College, SKIMS; wildlife dept units entice cages | India Information
Himalayan black bear enters Kashmir College, SKIMS; wildlife dept units entice cages | India Information

SRINAGAR: Over the previous 4 days, a Himalayan black bear has been…

3 Min Read
Miley Cyrus & Maxx Morando: Formally Engaged!
Miley Cyrus & Maxx Morando: Formally Engaged!

Studying Time: 2 minutes It’s official! Miley Cyrus and Maxx Morando are…

3 Min Read

Oponion

Visa report highlights rising scams concentrating on customers and vacationers

Visa report highlights rising scams concentrating on customers and vacationers

Sen. Ted Cruz, R-Texas, A.I. cyber exploitation sufferer Elliston Berry…

October 26, 2024

Larry Magid: Macs are on sale and Home windows PCs have gotten higher

In the event you’re in search…

November 20, 2025

Nation In Secure Palms, Says Ahmed Patel’s Son Faisal, Praises PM Modi And Amit Shah | Unique | Politics Information

Final Up to date:August 09, 2025,…

August 9, 2025

Sarah Jessica Parker Blasts ‘And Simply Like That …’ Haters: We Did Our Greatest!

Studying Time: 3 minutes After twenty-seven…

October 2, 2025

Labour MP Vicky Foxcroft quits as authorities whip over cuts to incapacity advantages | Politics Information

Labour MP Vicky Foxcroft has stop…

June 20, 2025

You Might Also Like

The World Cup sucks as much as Trump, and it sucks
Politics

The World Cup sucks as much as Trump, and it sucks

Keep in mind after we realized in 2018 that the US would host the 2026 World Cup together with Mexico…

6 Min Read
Why the GOP’s ‘affordability’ message flops
Politics

Why the GOP’s ‘affordability’ message flops

Republicans are in disarray as they start to appreciate that they could lose the Home within the 2026 midterm elections.…

4 Min Read
Trump’s revenge plot unravels as one other grand jury shuts him down
Politics

Trump’s revenge plot unravels as one other grand jury shuts him down

President Donald Trump’s plans for revenge towards his political enemies had been disrupted but once more on Thursday after a…

4 Min Read
FBI brokers now reportedly performing as Kash Patel’s private Uber
Politics

FBI brokers now reportedly performing as Kash Patel’s private Uber

FBI Director Kash Patel is as soon as once more below scrutiny for allegedly bending the bureau’s assets to assist…

5 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?