House GOP unveils plan to extend tax cuts, lift debt ceiling

Wednesday, February 12, 2025

House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump's top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the U.S. can continue financing its bills.

Posted by lamplighter at 03:40 PM | 13 COMMENTS | permalink | Comment on This Entry |

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... The budget plan also directs a variety of House committees to cut spending by at least $1.5 trillion while stating that the goal is to reduce spending by $2 trillion over 10 years.

The blueprint represents a first step in a lengthy legislative process that would allow Republicans to pass some of their top priorities in a simple majority vote. The House Budget Committee is expected to hold votes on the plan on Thursday. House Speaker Mike Johnson predicted it would easily advance out of committee.

"Then, we'll work with everybody over the week to make sure they are on board," Johnson said. ...

#1 | Posted by LampLighter at 2025-02-12 03:42 PM | Reply

SO... they want borrow money and pay interest (which interest is our already largest expense... more than Military) so they can give tax cuts slanted to the wealthy?

Where have I heard that before?

#2 | Posted by Corky at 2025-02-12 04:22 PM | Reply

To pay for these tax cuts, the GOP will savage SNAP, Medicare, and housing assistance. I guess there are no poor Republicans nationwide nor do they have any elderly, sick, homeless, or hungry relations. Good for them.

#3 | Posted by C0RI0LANUS at 2025-02-12 04:31 PM | Reply | Newsworthy 1

- savage SNAP, Medicare, and housing assistance

They will have to, as they so often tried in the past, because he's only now dealing something like .7 percent of the Budget.

He's certainly not going after banks to cut their interest rates for loaning money to the Treasury, or the Military budget, so starving and killing old people is where the money's at.

#4 | Posted by Corky at 2025-02-12 04:42 PM | Reply

Probably about time to get to sharpening the scythes.

#5 | Posted by Doc_Sarvis at 2025-02-12 05:30 PM | Reply

Burn Down The Mission - Live

www.youtube.com

#6 | Posted by Corky at 2025-02-12 05:50 PM | Reply

Hi Corky

Well, don't worry, the "Americans" below will be just fine-- "Jim Dandy" as we used to say. BTW: If any of these US oligarchs simply gave $1m to every American family, they would end poverty in our country forever-- and they would still be billionaires. One billion = one thousand million. US population as of 12 Feb 2025 =346,574,532 people.

#7 | Posted by C0RI0LANUS at 2025-02-12 06:10 PM | Reply | Newsworthy 1

How much s#it does the 0.00001% elite, the GOP, and the oligarchs think Americans can stomach? The US is looking more and more like Louis XVI's France or the Romanov's Russia.

#8 | Posted by C0RI0LANUS at 2025-02-12 06:16 PM | Reply

"Those who make peaceful revolution impossible will make violent revolution inevitable."
John F. Kennedy, 1962

#9 | Posted by Doc_Sarvis at 2025-02-12 06:19 PM | Reply | Newsworthy 1

Jimi Hendrix said, "When the power of love overcomes the love of power, the world will know peace".

#10 | Posted by Corky at 2025-02-12 06:25 PM | Reply

#10 that was Ghandi.

#11 | Posted by oneironaut at 2025-02-12 06:54 PM | Reply

Originally designed to hold back war and postwar inflation, our present income tax rate structure now holds back consumer demand, initiative, and investment.
John F. Kennedy, 1963

#12 | Posted by oneironaut at 2025-02-12 06:57 PM | Reply

Really 1Nut.... you should just give up, go home to Greenland, and stop embarrassing yourself.

"While widely associated with Jimi Hendrix, some sources also mention Mahatma Gandhi as a potential origin for this sentiment, given his strong advocacy for nonviolence and love as a means to achieve peace."

www.google.com

Unlike #2 Son, Ghandi has 'potential', but Hendrix is the main author noted almost always.

#13 | Posted by Corky at 2025-02-12 07:05 PM | Reply