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The Texas Reporter > Blog > Politics > This is the heinous manner Republicans plan to fund tax cuts for the wealthy
Politics

This is the heinous manner Republicans plan to fund tax cuts for the wealthy

Editorial Board
Last updated: February 13, 2025 12:16 am
Editorial Board
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This is the heinous manner Republicans plan to fund tax cuts for the wealthy
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Home Republicans launched a funds 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 budget resolution is a key step to start the process in delivering President Trump’s America First agenda. With nearly every House Republican directly engaged in this deliberative process, this resolution reflects our collective commitment to enacting the President’s full agenda—not just a part of it,” House Speaker Mike Johnson, Republican of Louisiana, posted on X

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

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

This is the heinous manner 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 latest days, Republicans and DOGE bro Elon Musk have prompt that they’re coming for Social Safety, the favored social security internet program that gives an earnings for retirees. Politicians have traditionally averted chopping Social Safety for concern of voter backlash.

All of those cuts can 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 median tax minimize of greater than $60,000 in 2025, whereas the underside 60% obtained a median annual tax minimize of simply $500.

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

Republicans plan to have a funds listening to on Thursday, with a purpose of passing the funds by the tip of the month, CNN reported.

Republicans have admitted that these sorts of cuts might be “painful” for People. Finally, making these sorts of cuts might 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 as a way to pay for tax cuts.

Democrats instantly lambasted the Republican funds 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 comparable opposition to the GOP funds proposal in a publish on X. 

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

Thanks to the Each day Kos neighborhood who continues to combat so arduous with Each day Kos. Your reader assist means all the pieces. We’ll proceed to have you ever coated and maintain you knowledgeable, so please donate simply $3 to assist assist the work we do.

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