Republican leaders are rapidly running out of ways to pay for President Trump’s agenda as GOP lawmakers shoot down various proposals to cut spending or increase revenues. Without finding some new i…
thehill.com
“I just don’t see them getting the money. There’s no ‘there’ there, to be quite honest about it. If they want to spend money, they’re going to end up putting it on the debt,” said former Sen.
Judd Gregg (N.H.), who previously served as the Republican chair of the Senate Budget Committee.
“They’re not going to get it out of tariffs, either. You have [White House trade adviser Peter] Navarro running around saying they’re going to get $600 billion in tariff revenue. That’s absurd. It’s basic economics. You raise the price on it, people stop buying it,” he said.
...
trending:
sponsored:
Senate
GOP lawmakers running out of options to pay for Trump’s costly agenda
by
Alexander Bolton - 04/21/25 6:00 AM ET


Unmute
FullscreenPlay
NOW PLAYING
DC Bureau: House Passes Budget Framework
Republican leaders are rapidly running out of ways to pay for President Trump’s agenda as GOP lawmakers shoot down various proposals to cut spending or increase revenues.
Without finding some new ideas, the GOP risks adding trillions of dollars to future deficits by passing Trump’s agenda, something many conservatives are loath to do.
Outside observers are expressing pessimism the Republicans will land on ideas that have enough support to get passed into law.
“I just don’t see them getting the money. There’s no ‘there’ there, to be quite honest about it. If they want to spend money, they’re going to end up putting it on the debt,” said former Sen.
Judd Gregg (N.H.), who previously served as the Republican chair of the Senate Budget Committee.
“They’re not going to get it out of tariffs, either. You have [White House trade adviser Peter] Navarro running around saying they’re going to get $600 billion in tariff revenue. That’s absurd. It’s basic economics. You raise the price on it, people stop buying it,” he said.
Up Next - DC Bureau: Pope Francis dies at 88
-00:12
“It’s all a joke, to be honest with you, when it comes to money saving and reducing debt,” he added. “This president doesn’t care too much about debt.”
Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, said lawmakers need to steel themselves to political blowback and make significant cuts, even though it will reduce some benefits.
Sign up for the Morning Report
The latest in politics and policy. Direct to your inbox.
By signing up, I agree to the Terms of Use, have reviewed the Privacy Policy, and to receive personalized offers and communications via email, on-site notifications, and targeted advertising using my email address from The Hill, Nexstar Media Inc., and its affiliates
“If you take all the big pots of money off the table, it becomes very hard to find enough savings to offset $4, $5 — or more — trillion in tax cuts, let alone bring the debt down, which is the stated goal of many members,” she said.
“People say you can’t touch benefits for anything, you can’t raise taxes. OK, then we’re going to have a debt crisis. That is the result of not talking about benefits and/or taxes,” she warned.
The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter
Subscribe
The most ambitious plan floated so far, to reduce Medicaid spending by hundreds of billions of dollars, now appears all but dead after a dozen House Republicans informed their leadership this week that they would not support a bill that includes any reduction in Medicaid coverage to vulnerable populations.
Republicans who have balked at Medicaid cuts say they’re willing to support new work requirements for the program, which would save an estimated $109 billion over 10 years, and to root out “fraud.” But that would achieve limited savings.
Budget experts say the proposed discretionary spending cuts recommended by
Elon Musk’s Department of Government Efficiency (DOGE), which would still need to be approved through a vote by Congress, will end up saving relatively little money over the long term compared to the huge projected cost of Trump’s agenda.
So far, Musk hasn’t come close to finding the $1 trillion in cuts he initially said he would find. Even if his DOGE team cut all nondefense, discretionary federal funding — just about all the money appropriated by Congress outside the Pentagon on an annual basis — he would still fall $50 billion short of his goal.
Musk has since significantly pared back his budget-cutting goal for next year, saying he now anticipates savings of $150 billion from the reduction of waste and fraud.