Official budget documents and government reports

House GOP Proposes $5.3 Trillion to $5.7 Trillion in Cuts to Medicare, Medicaid, ACA, SNAP, and Climate Policies

Jan 10, 2025, 06:46 PM

House Republicans are proposing a range of spending cuts aimed at generating savings between $5.3 trillion and $5.7 trillion over the next decade. The plan includes significant reductions to programs such as Medicare, Medicaid, and the Affordable Care Act (ACA), with Medicaid cuts alone potentially amounting to $2.3 trillion. The proposed changes are part of a strategy to fund tax cuts for wealthier individuals and corporations, raising concerns among various stakeholders about the impact on health care services and other benefit programs. Critics argue that these cuts disproportionately affect working-class individuals while benefiting the ultra-wealthy. The GOP's proposals also include adjustments to clean energy tax credits, which are seen as crucial for job creation in various districts.