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House GOP Takes First Step Toward Tax Cuts, Debt Limit Increase
News February 12, 2025 at 11:35 AM
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What You Need To Know
- The proposal requires at least $1.5 trillion in cuts over a decade in programs like Medicaid and SNAP.
- It would also fast-track a debt ceiling increase to avoid a standoff with Democrats later.
- The defection of any two Republicans could scuttle the plan.
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