“After insisting on spending cuts and deficit reduction in a debt-ceiling deal that came together just before the U.S. breached its borrowing limit, House Republicans are turning to tax cuts,” the Wall Street Journal reports.
“Republicans hope to push a bill through the House Ways and Means Committee as soon as this month that would revive expired business tax breaks and possibly make changes for individuals.”
“The GOP bill likely won’t become law, but it could be the first step toward bipartisan negotiations this year. And it would set the stage for a larger tax-cut package Republicans are expected to push in 2025, when Trump-era breaks for individuals are scheduled to expire.”
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