House GOP takes first step toward tax cuts, debt limit increase

House GOP takes first step toward tax cuts, debt limit increase

House Republican leaders took the first step Wednesday toward enacting trillions of dollars in tax cuts and raising the nation’s $36 trillion debt limit, offering a plan that risks rankling quarreling factions in the party.

House GOP Releases Budget That Raises Debt Limit by $4 Trillion,

U.S. House Republicans released their budget resolution Wednesday, laying out a vision for raising the debt limit and drafting a reconciliation package that is significantly different from the one Senate Republicans released last week. The House budget resolution proposes Congress pass one bill that would extend the 2017 tax cuts passed during Donald Trump’s first term and boost spending on border security and defense, while paying for the trill…

U.S. House GOP releases budget that raises debt limit by $4 trillion, extends tax cuts

WASHINGTON (States Newsroom) — U.S. House Republicans released their budget resolution Wednesday, laying out a vision for raising the debt limit and drafting a reconciliation package that is significantly different from the one Senate Republicans released last week. The House budget resolution proposes Congress pass one bill that would extend the 2017 tax cuts passed during Donald Trump’s first term and boost spending on border security and defe…