Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts
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Incoming administration is expected to cut federal spending to federal programs they don’t prioritize like environmental regulations. Donald Trump’ and his Congressional allies could add requirements to welfare programs such as Medicaid, withhold prescription drugs from federal health care coverage, repeal environmental regulations and more in order to reduce federal spending and pay for his new round of tax cuts.
![[More than 72 million people rely on Medicaid for health insurance and prescription drugs in the United States]](https://static.independent.co.uk/2024/08/15/15/SEI213894542.jpg)
Trump is determined to cut taxes for Americans but doing so means the government will need to cut federal spending elsewhere, or risk raising the national debt by trillions of dollars. Advisers to Trump, such as Elon Musk and Vivek Ramaswamy, are focused on dramatically reducing federal spending by as much as $2 trillion. They have been given positions heading the advisory committee, the Department of Government Efficiency (DOGE), to suggest funding reductions.
![[The Biden administration has implemented regulations on fossil fuel emissions, oil drilling, clean water and more as part of its efforts to protect the environment]](https://static.independent.co.uk/2024/06/28/21/GettyImages-2150754136.jpg)
Their input, along with Republicans efforts, means that popular federal programs that have expanded under the Biden administration may face restrictions. Here are some ideas Republicans have floated to reduce federal spending and pay for Trump’s tax cuts:.
The president-elect has proposed adding tariffs to imports to supplement lowering taxes for Americans – an idea that many economists have opposed. “To me, the most beautiful word in the dictionary is ‘tariff,’” Trump said at the Chicago Economic Club in October. “It’s my favorite.”.
