House Republicans Advance Budget Plan with $4.5 Trillion in Tax Cuts

The proposal includes steep spending cuts and projected deficit increases, sparking debate over its feasibility and priorities.

The House GOP budget blueprint proposes $4.5 trillion in tax cuts over 10 years, extending the 2017 Tax Cuts and Jobs Act and introducing additional tax relief measures.
The plan includes $1.5 trillion in spending cuts, with $2 trillion targeted for mandatory programs like Medicaid, SNAP, and student loans, though achieving these cuts faces political challenges.
Critics argue the proposal would increase deficits by $3.3 trillion over the next decade, with optimistic economic growth projections being key to offsetting costs.
The Senate Republicans are pursuing a separate two-bill strategy, focusing on border security, defense, and energy, creating potential conflicts between the chambers' approaches.
Democrats have criticized the plan, claiming it prioritizes tax breaks for the wealthy over essential programs for middle- and low-income Americans.