Trump and GOP Plan Sweeping Tax Cuts and Spending Reductions in First 100 Days

Republicans aim to extend $4 trillion in expiring tax cuts, roll back Biden-era policies, and target safety net programs as they prepare for unified government control.

President-elect Donald Trump and Republican congressional leaders are prioritizing the renewal of $4 trillion in expiring tax cuts, a key policy from Trump’s first term.
Proposals include lowering the corporate tax rate from 21% to 15% and eliminating individual taxes on tips and overtime pay.
Republicans are also targeting spending cuts to food stamps, healthcare subsidies, and green energy programs established during the Biden administration.
Critics warn the tax cuts could exacerbate income inequality and add significantly to the federal deficit, which is nearing $2 trillion annually.
The GOP plans to use the reconciliation process to bypass Senate filibusters, enabling rapid passage of their agenda despite expected Democratic opposition.