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House GOP Reveals Budget Slashing Social Programs and Offering “Tax Cuts for the Ultra-Rich”

HeadlineFeb 13, 2025

House Republicans on Wednesday unveiled a draft budget proposing $4.5 trillion in tax cuts, and at least $1.5 trillion in spending cuts, including cuts to Medicaid and food assistance programs. The plan would also add some $3 trillion to the deficit over a decade and raise the debt limit by $4 trillion. Senator Elizabeth Warren accused Republicans of “pulling a fast one on working people,” adding, “Make no mistake: This GOP plan will raise the cost that American families pay for groceries, healthcare and getting an education — all to fund tax cuts for the ultra-rich.”

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