(Massive tax breaks for the wealthy, crippling austerity for the poor. The Glorious Gilded Age Revolution has begun)
from USA Today
After a long day of arm-twisting and internal party clashes, House Republicans on Tuesday narrowly passed their plan to advance President Donald Trump's legislative agenda.
The GOP plan was passed by a vote of 217-215, after House Speaker Mike Johnson, R-La., had to convince several Republican holdouts including Reps. Victoria Spartz of Indiana, Tim Burchett of Tennessee and Warren Davidson of Ohio to come on board with the proposal.
After the House plan passed on Tuesday night, Trump congratulated Johnson.
"Big First Step Win for Speaker Mike Johnson, and AMERICA. Now let’s start to BALANCE THE BUDGET. IT CAN BE DONE!!!" he wrote in a Truth Social post on Wednesday morning.
The House's plan would set up a massive reconciliation bill that would extend Trump's 2017 tax cuts and implement new ones at a cost of $4.5 trillion over the next decade.
It would also allocate $300 billion for spending on defense and border security, raise the debt ceiling by $4 trillion over two years, and add almost $3 trillion to the federal deficit over 10 years.
The budget blueprint would also direct multiple committees to cut billions of dollars, including $880 billion in cuts spearheaded by the Energy and Commerce Committee. Because Trump has ruled out cuts to Medicare and Social Security, budget experts say that may necessitate cuts to Medicaid, which is under the committee's jurisdiction...
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