💨 Abstract

House Republicans aim to vote on a multi-trillion-dollar tax breaks package by Wednesday, despite internal disagreements. President Trump urged passage, linking it to his political influence. The Congressional Budget Office reports the package would increase the federal deficit by $3.8 trillion and reduce spending on social services. The bill extends Trump's 2017 tax cuts, adds new breaks, cuts safety net programs, and funds military and immigration measures.

Courtesy: WTOP Staff