Wednesday, February 19, 2025
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

Republicans create extensive list of federal programs for potential reductions


President Trump and Republicans in Congress are planning sweeping tax legislation to fund national security and immigration programs, with cuts to federal programs assisting vulnerable citizens. Options for funding include repealing the $10,000 cap on state and local tax deductions, imposing tariffs on imports, and cutting clean-energy tax credits and Medicaid work requirements. The legislation aims to extend portions of the 2017 tax law that will cost over $4 trillion over a decade. Challenges on Capitol Hill include a slim House majority, the need to lift the debt ceiling, and navigating the filibuster. The plan also includes cuts to health programs, charitable deductions, and child care credits. Food programs like Medicaid and the National Flood Insurance Program are at risk of decreased funding. Republicans hope to pass the bill through budget reconciliation to avoid the need for 60 Senate votes. Rep. Jeff Van Drew warned of a “bumpy ride” ahead as lawmakers work through these complex and contentious issues.

Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles