As congressional Republicans aim to implement Trump's proposed sweeping tax cuts, they are considering funding these cuts by reducing benefits for low-income families. A recently circulated menu of options includes proposed cuts to health care benefits for those relying on government assistance. Among the most significant proposals is the elimination of the federal estate tax, which could result in a $370 billion revenue loss over ten years, primarily benefiting the wealthiest Americans and potentially undermining the populist image of Trump's campaign.
"House Republicans have circulated a menu of tax and spending cut options, eyeing cuts to benefits for low-income families to fund tax breaks for the wealthy."
"The proposal to eliminate the federal estate tax, costing an estimated $370 billion over a decade, primarily benefits the ultra-wealthy, raising concerns for the populist image of Trump’s agenda."
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