House GOP Unveils Sweeping Tax, Spending Cuts Plan
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House Republicans unveiled details of their proposed tax and spending cuts package, aiming to extend the 2017 tax cuts and fulfill Trump's campaign promises. This includes ending taxes on tips and significant investments in border security. To offset trillions in tax cuts, $1.5 trillion in spending cuts are sought, impacting areas like federal student loans, Medicaid, and food stamps. The plan also includes restructuring student loan programs, increasing immigration fees, modernizing air traffic control, and boosting military spending. House committees are marking up sections, with a House vote targeted before Memorial Day, but Senate approval remains uncertain.
House Republicans unveiled details of their proposed tax and spending cuts package, aiming to extend the 2017 tax cuts and fulfill Trump's campaign promises. This includes ending taxes on tips and significant investments in border security. To offset trillions in tax cuts, $1.5 trillion in spending cuts are sought, impacting areas like federal student loans, Medicaid, and food stamps. The plan also includes restructuring student loan programs, increasing immigration fees, modernizing air traffic control, and boosting military spending. House committees are marking up sections, with a House vote targeted before Memorial Day, but Senate approval remains uncertain.
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