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House Prepares $4.5 Trillion Tax Cuts Amid GOP Turmoil

2/13/2025

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Summary

Story summary

The House is gearing up for a pivotal committee markup on a reconciliation bill that proposes a staggering $4.5 trillion in tax cuts, $1.5 trillion in spending cuts, and a $4 trillion increase in the debt ceiling. Budget Committee Chair Jodey Arrington's swift action to advance the budget resolution has caught Republicans off guard, leaving them scrambling to finalize their strategies.

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Story summary

The House is gearing up for a pivotal committee markup on a reconciliation bill that proposes a staggering $4.5 trillion in tax cuts, $1.5 trillion in spending cuts, and a $4 trillion increase in the debt ceiling. Budget Committee Chair Jodey Arrington's swift action to advance the budget resolution has caught Republicans off guard, leaving them scrambling to finalize their strategies.