Economy

House GOP Budget Plan Slashes $2 Trillion as Dems Push Spending Hysteria

Published

February 28, 2025

House Republicans are taking a stand against reckless government spending with a new budget resolution that cuts $2 trillion—a historic move that dwarfs previous congressional budget reductions. But instead of applauding fiscal responsibility, Democrats and their media allies are scrambling to distort the truth.

On The Ingraham Angle, Rep. Jason Smith (R-MO), Chairman of the House Ways and Means Committee, dismantled Democratic talking points, calling out the real crisis in Washington: overspending, not revenue shortfalls.

“We do not have a revenue problem,” Smith explained. “For 50 years, revenue has averaged 17% of GDP, while spending—typically 20%—has surged to 26% in the last five years. That’s unsustainable.”

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Democrats like Rep. Ro Khanna (D-CA) have attempted to claim that the GOP plan adds to the deficit by extending Trump-era tax cuts. But Smith was clear: extending those tax cuts is essential for economic growth, and the real threat to America’s financial future comes from out-of-control federal spending.

Meanwhile, the New York Times is already trying to stir panic over potential spending cuts under a future Trump administration, citing concerns about tariffs and agency-level reductions impacting the economy. Yet Smith dismissed their fearmongering, pointing to Trump’s first term economic success as proof that conservative policies work.

“President Trump created the best economy in my lifetime—Biden followed and created the worst,” Smith said. “Whether it’s tariffs bringing in revenue or cutting spending, Trump has the right economic plan.”

The resolution passed by House Republicans sets the stage for major spending cuts while allowing the Senate to extend Trump’s tax policies with 51 votes. But as Smith warned, the real fight lies ahead, where the details will determine if $2 trillion in cuts truly materialize.

While Democrats push their spend-and-tax agenda, House Republicans are making it clear: fiscal sanity is back on the table.