GOP Tax Plan to Cost US $4.5 Trillion, Sparking Outrage
The House Republican budget resolution proposes a $4 trillion debt ceiling increase and allocates $4.5 trillion for tax cuts, primarily to make permanent the Trump-era tax reductions. This plan, which also includes spending cuts and allocations for immigration and military initiatives, faces internal GOP divisions, particularly between the Freedom Caucus and more moderate members. Democrats strongly oppose the tax cuts, citing concerns about increased deficits and potential cuts to social programs. The resolution, while aiming to enact a significant portion of the Trump agenda, will likely undergo substantial negotiation before final passage.
John Q. Hosedrinker