Trump's Economic Plan: Cuts to Medicaid and SNAP for Tax Extension
President-elect Trump's advisors propose reducing social safety nets to fund tax cuts for the wealthy.
- Republicans are considering new work requirements and spending caps for Medicaid and SNAP to offset the cost of extending Trump's 2017 tax cuts.
- The proposed tax cuts, set to expire next year, would add an estimated $4 trillion to the national debt.
- Critics argue these cuts would disproportionately affect 70 million low-income Americans who rely on these programs.
- The GOP's plans include potentially transforming Medicaid funding into block grants, which could lead to reduced eligibility and benefits.
- Democratic leaders condemn the proposal, emphasizing the impact on healthcare access and food security for vulnerable populations.