Trump Tax Cuts: Republicans Fracture Over How Much Debt to Add - Bloomberg


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Republican Divisions Over Tax Cuts

Ultra-conservative House Republicans are blocking a budget blueprint needed to begin negotiations on President Trump's tax cut plan. Their opposition stems from concerns about the plan's impact on the national deficit.

Obstacles to Tax Cut Passage

The Senate has already passed a tax outline. However, both the House and Senate must agree on the parameters of tax and spending cuts before proceeding with the president's economic plan. The House Republicans' actions threaten to delay this key vote this week and stall the entire process.

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Ultra-conservatives in the US House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of President Donald Trump’s economic plan.

The lawmakers oppose a Senate-passed tax outline and are threatening to hold up a key vote this week over concerns it does not adequately address the deficit. Both the House and Senate must agree to the parameters of tax and spending cuts before they can advance the president’s signature economic plan.

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