Republican Plan Ties Tax Cuts for Wealthy to Deep Federal Spending Cuts

Proposals include repealing student debt relief, cutting social programs, and imposing tariffs to offset a $5 trillion tax plan.

The GOP aims to extend and expand Trump’s 2017 tax cuts, projected to cost nearly $5 trillion over the next decade, primarily benefiting the wealthiest Americans.
To offset the cost, Republicans propose repealing President Biden's student loan forgiveness programs, which would save an estimated $275 billion over 10 years.
Other proposed cuts include slashing food stamp benefits by $180 billion, eliminating the Department of Education for a $200 billion reduction, and imposing Medicaid work requirements to save $109 billion.
Revenue-raising measures include a broad tariff plan expected to generate $2.7 trillion but likely to increase consumer costs and strain relations with key trading partners.
Critics warn these policies could harm low-income Americans, undermine public services, and exacerbate economic inequality while ballooning the national debt.