The Republican Party shared its legislative agenda under a Trump presidency. The party aims to implement significant tax cuts, secure the border, repeal parts of the Inflation Reduction Act, expand school choice, and hold universities accountable. Read the full report from The Hill HERE.
Key takeaways:
- Tax Cuts: Republicans plan to make the 2017 tax cuts permanent and introduce additional cuts, such as restoring immediate expensing for research and development costs. However, there may be internal divisions within the party regarding the state and local tax (SALT) deduction cap.
- Border Security: The GOP intends to increase funding for border security measures, including the construction of a border wall and the deployment of new technologies. They also plan to use the tax code to discourage illegal immigration.
- Inflation Reduction Act: Republicans aim to repeal parts of the Inflation Reduction Act, particularly those related to climate programs. However, they may retain certain provisions, such as green energy tax credits, due to support from some Republican districts.
- Education: The party plans to expand school choice programs and increase accountability for universities, particularly regarding issues of antisemitism and free speech. The Hill reports, “Scalise said Republicans will ‘[hold] colleges and universities accountable for the wave of virulent antisemitism some have tolerated.’”
Overall, the Republican agenda under a Trump presidency is focused on tax cuts, border security, deregulation, and social conservatism. However, the party may face internal divisions on certain issues, such as the SALT deduction cap and the Inflation Reduction Act.
