#spending-cuts

#spending-cuts

The Tory leader told her party's conference that in England and Northern Ireland she would abolish the tax that new buyers have to pay on house purchases over 125,000. The Conservatives calculate that this would cost 9bn a year to the Treasury. Stamp duty would still apply to additional properties and properties bought by companies, and for purchases by non-UK residents.

President Trump claimed that the largest spending cut, $1.7 trillion, would go unnoticed, as it targets individuals gaming the system, like illegal immigrants and able-bodied adults on Medicaid.

The President's Emergency Program for AIDS Relief (PEPFAR) is exempt from Congressional spending cuts, with Senate Republicans agreeing to maintain $400 million funding.

Mayor Daniella Levine Cava is considering significant spending cuts and increased fees to tackle a budget deficit exceeding $400 million in Miami-Dade County. The budget proposal is likely to include layoffs and cuts to departments like Parks and nonprofit grants.

Democratic leader Hakeem Jeffries criticized the proposed spending cuts, asserting that "Cruelty is the point," implying that these reductions undermine the U.S.'s international standing.

House Republicans propose a $900 billion spending cut plan focusing on Medicaid reform and the elimination of climate change initiatives from previous legislation.

"I am helping out with this because if we don't cut spending, nobody has a future... Cutting spending is not an ideological thing."