New Department of Government Efficiency (DOGE)

[LevelUP]

I agree the numbers need to add up so cut away.

Downsizing the Federal Government

Here are most of the tax cut proposals we know so far:

• Extension of TCJA Provisions  (previous tax cuts from 2017)
  
• Exempting Tips from Taxation
  
• No Tax on Overtime Pay
  
• Exempting Social Security Benefits
  
• Lower Corporate Tax Rate (15% from 21%)
  
• Deduction for Auto Loan Interest
  
  

We might see higher tariffs used to help pay for some of these tax cuts, though they won’t come close to covering the full cost. If spending cuts or other tax increases don’t offset the tax cuts, the changes will likely be temporary, expiring in about eight years—just like before.

Musk and Ramaswamy say DOGE will target $500 billion in spending. Here's where they say they'll cut.
https://www.cbsnews.com/news/musk-ramasw...-will-cut/

Cutting all the new programs added during 2020–2021 would significantly help curb spending. However, it’s not feasible to cut $2 trillion in yearly spending solely through the reconciliation process.