House Republicans unveiled a budget resolution aiming to reduce federal spending by $2 trillion, directing various committees to identify spending reductions. The proposal includes $4.5 trillion in tax cuts and a $4 trillion debt ceiling increase. Critics argue the cuts disproportionately impact working-class programs while overlooking areas like the Department of Defense.
House Republicans on Wednesday released a new budget resolution which would cut $2 trillion from the federal checkbook.
Also included in the proposal are $4.5 trillion in tax cuts and a $4 trillion debt ceiling increase. The House Budget Committee is slated to consider the plan Thursday. “There will be ongoing debates and discussions in the coming weeks, and we remain focused on working through the process to deliver on our promises made to the American people,” he added. “There’s still much work to be done, but we are starting on the right path.”
BUDGET REPUBLICANS TAX CUTS DEBTCEILING MUSK
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