#TrumpTaxCuts To offset the estimated tax cut of up to $4.5 trillion over the next decade, Republican lawmakers are considering cuts to social programs such as Medicaid and SNAP. This has led to protests and opposition from Democratic lawmakers, who argue that this plan will harm low- and middle-income families.

Additionally, President Trump has proposed using revenue from tariffs to fund income tax cuts, particularly for those earning under $200,000. However, experts warn that increasing tariffs could lead to higher consumer prices, affecting consumers and the economy as a whole.

Currently, negotiations between the House and Senate are underway to seek consensus on the tax bill. However, divisions within the Republican Party and pressure from interest groups complicate the process.

POLITICO