House GOP panel passes budget blueprint with $4.5 trillion in tax cuts and steep spending reductions

www.nbcnews.com — February 26, 2025

“This budget rips health care away from millions while handing out $4.5 trillion in tax breaks, the overwhelming majority of which go to billionaires and wealthy corporations,” said Rep. Brendan Boyle, D-Pa., the top Democrat on the Budget Committee. “It slashes at least $230 billion from food assistance programs at a time when grocery prices remain at record highs. And it proposes, and I hope every American listens to this, it proposes at least $880 billion in cuts to Medicaid and the Affordable Care Act. ... All so billionaires can get even a bigger tax cut that they don’t need and the hard-working people in this country can’t afford to give them.”