Republican Party Outlines Bold 100-Day Agenda Post Election Triumph
ICARO Media Group
**Republicans Plan Aggressive 100-Day Agenda After Election Sweep**
Following their recent success on Election Day, the Republican Party has emerged as the controlling force over the House, Senate, and the White House, with ambitious plans set for their first 100 days in power under President-elect Donald Trump.
Central to their agenda is the extension of approximately $4 trillion in GOP tax cuts, marking a key achievement from Trump’s earlier term. Inspired by past successes, GOP lawmakers are coordinating with the incoming president to maintain key tax provisions that benefit various income groups and businesses.
House Majority Leader Steve Scalise emphasized the importance of being prepared for immediate action. After significant internal discussions, Republicans are ready to tackle long-standing policy debates involving federal deficits, which are nearing $2 trillion annually, and income inequality.
In Trump’s first term, the GOP faced notable challenges, particularly their failed attempt to repeal and replace the Affordable Care Act, which ended with Senator John McCain's dramatic thumbs-down vote. However, they swiftly shifted focus to securing tax cuts, which have substantially benefited higher-income households. According to the Tax Policy Center, the top 1 percent received significant reductions in their tax bills, while gains for lower-income earners were minimal.
To bolster Trump's return, Republicans have been extensively planning to extend and enhance expiring tax breaks, ensuring the continuation of various tax brackets and deductions. They also aim to further reduce the corporate tax rate from 21% to 15% and eliminate taxes on tips and overtime pay—despite projections from the Congressional Budget Office that such measures could increase deficits by $4 trillion over a decade.
Conservative policy experts, such as Avik Roy from the Foundation for Research on Equal Opportunity, argue that attributing income inequality to the tax cuts is misguided. They highlight other influences, such as the Federal Reserve's low interest rates, which make borrowing easier for the wealthy.
Extending these tax cuts without compensating for the cost is a point of contention. Republicans claim that if the tax policies remain unchanged, there would be no impact on federal revenue, a stance strongly voiced by Senator Mike Crapo.
In addition to tax policies, the new GOP-led Congress aims to trim spending, particularly targeting the rollback of COVID-19-era health care subsidies and safety net programs such as food stamps. The expanded subsidies under the Affordable Care Act, extended through 2025 by President Joe Biden's Inflation Reduction Act, are among the components facing potential cuts alongside green energy tax benefits.
Despite their ambitious plans, Democrats, led by House Democratic leader Hakeem Jeffries, argue that the narrow Republican majority is far from a sweeping mandate, reflecting the intensely competitive nature of the recent elections.