Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts
6 days, 11 hours ago

Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’ and his Congressional allies could add requirements to welfare programs such as Medicaid, withhold prescription drugs from federal health care coverage, repeal environmental regulations and more in order to reduce federal spending and pay for his new round of tax cuts. Here are some ideas Republicans have floated to reduce federal spending and pay for Trump’s tax cuts: open image in gallery Trump wants to reduce taxes for Americans while also limiting federal spending as not to increase U.S. debt Tariffs The president-elect has proposed adding tariffs to imports to supplement lowering taxes for Americans – an idea that many economists have opposed. The Committee for a Responsible Federal Budget suggests Trump’s proposals could save the U.S. $700 billion in spending. Repeal student loan forgiveness Republicans have been unwelcoming toward Biden’s student loan forgiveness plan, Saving on a Valuable Education, and Trump could make their wish come true by canceling it entirely once he takes office.

History of this topic

"Please take care of us": Low-income Trump voters worry he'll cut benefits they rely on
2 weeks ago
Johnson’s spending nightmare points to grueling GOP problems next year
3 weeks, 1 day ago
'Hit hard': Trump’s budget expected to be especially painful for his supporters
4 weeks ago
Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
1 month ago
'Landmines loom over' GOP agenda with warning Congress not 'on the same page' with Trump
1 month ago
'What a racket': CBO finds extending Trump tax cuts would shrink U.S. economy
1 month ago
Rand Paul: 'You don't get close' to Musk's spending cut goals without key social programs
1 month ago
'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security
1 month ago
'Have the stomach': Republican claims Dems need to back Social Security and Medicare cuts
Trending News
1 month ago
Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
1 month, 1 week ago
Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
Trending News
1 month, 1 week ago
Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
1 month, 1 week ago
'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'
1 month, 1 week ago
Musk wants $2 trillion of spending cuts. Here’s why that’s hard.
1 month, 1 week ago
The country's social safety net could be in danger as Trump looks to slash spending
1 month, 2 weeks ago
"No mistake on who they're serving": Republicans eye Medicaid, SNAP cuts to pay for Trump tax plan
Top News
1 month, 3 weeks ago
MAGA allies eye drastic Medicaid and food stamp cuts to fund tax breaks for rich: report
1 month, 3 weeks ago
Trump made a lot of tax promises. Can he keep them?
1 month, 3 weeks ago
Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy
1 month, 4 weeks ago
Frustrated Americans await the economic changes they voted for with Trump
1 month, 4 weeks ago
Cost-cutting lessons from Musk world for DOGE
2 months ago
Trump Economist on Tariffs and Tax Cuts in Second Term
2 months ago
Elon Musk’s ‘crazy’ plan to rip $2 trillion out of America
2 months ago
Trump claims he’ll fight for working-class Americans. His first presidency suggests he won’t
2 months ago
Donald Trump Claims 'Nobody's Going To Feel It' When Elon Musk Slashes Government
2 months, 1 week ago
Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts
2 months, 1 week ago
How Trump’s tariffs would work
2 months, 3 weeks ago
How Trump’s tariffs would work
2 months, 3 weeks ago
Study shows Trump plan would slash taxes for richest 5%, hike them for everyone else
2 months, 4 weeks ago
Expert: Analysis shows Trump tax plan "taking money" from bottom 95% and "giving it" to richest 5%
3 months ago
Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
3 months ago
Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says
3 months ago
The Scary Truth Behind Donald Trump's Promises To Workers
5 months, 2 weeks ago
Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
5 months, 3 weeks ago
Tuning into the narratives in the American election
6 months, 1 week ago
Mike Pence’s foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts
6 months, 2 weeks ago
Trump's "all-tariff" proposal would increase middle-class taxes by up to $8,500 a year: analysis
6 months, 3 weeks ago
Trump's idea to replace income taxes with tariffs is a "sure way" to hurt the poor and help the rich
6 months, 3 weeks ago
Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report
6 months, 3 weeks ago
Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say
7 months, 2 weeks ago
Extending Trump tax cuts would add $4.6 trillion to deficit: CBO
8 months ago
Trump 'open' to slashing taxes that fund Social Security and Medicare: report
8 months, 3 weeks ago
Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'
9 months, 4 weeks ago
Biden unveils a budget that would cut costs for families and hike taxes for the rich
9 months, 4 weeks ago
Where the Republican presidential candidates stand on the economy
1 year ago
'Tax scam': Republicans follow debt ceiling fight by proposing tax cuts for wealthy
1 year, 6 months ago
Republicans Pitch Cuts To Federal Food Benefits
1 year, 9 months ago
GOP taking budget advice from Trump official who wants to cut $2 trillion from Medicaid
1 year, 10 months ago
'Need to stop Biden's excess spending': Trump warns Republicans to avoid cuts to medicare, social security
1 year, 11 months ago

Discover Related