Tax Cut Chances Rise as House Passes Budget Targeting Safety Net

News February 26, 2025 at 10:50 AM
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What You Need To Know

  • The House GOP budget calls for deep cuts in programs such as Medicaid and food stamps.
  • The vote doesn’t guarantee an extension of the expiring 2017 Trump tax cuts.
  • The budget blueprint is the first step in a process that allows Republicans to bypass Senate Democrats on legislation related to taxes and spending.