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Republicans wrestle with economic priorities

  • House Speaker Mike Johnson and Republicans are drafting Trump's economic plan called the 'big, beautiful bill' as of May 2025 in Washington.
  • The GOP is evolving from its traditional emphasis on tax reductions and limited government intervention toward policies that address the needs of working-class voters who rely on federal assistance programs.
  • The plan includes $4.5 trillion in tax reductions alongside $1.5 trillion in cuts to government spending, but internal disagreements persist over proposed Medicaid reductions and modifications to the SALT deduction.
  • Rep. August Pfluger called it "a once-in-a-generation bill," while opponents view the proposed tripling of SALT caps to $30,000 as "insulting."
  • The final bill will define the Republican economic path amid tight party unity needed and criticism from Democrats branding it as favoring the wealthy.
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Santa New Mexican broke the news in on Saturday, May 10, 2025.
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