Republicans Considering $1.5 Trillion Tax Cut

Senate Republicans are considering writing a budget that would allow for up to $1.5 trillion in tax cuts over the next decade, the Wall Street Journal reports.

Axios: “Writing a budget is the first step in working on tax legislation and adhering to its guidelines would let a tax bill pass the Senate with a simple majority. Details on the GOP tax plan are due next week. Putting a tax cut in the budget would put off decisions on how to pay for the cuts.”