US House Republicans divided over how to pay for Trump's tax cuts
federal deficit approaching $2 trillion.
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With a narrow 218-215 House majority, they need near-total unity as they prepare to vote within weeks on a fiscal 2025 budget resolution that will be a critical step toward passing Trump's sprawling agenda of tax cuts, border and immigration reform, energy deregulation and increased military spending.
Ahead of a three-day policy retreat that kicks off in Miami on Monday, some worried openly that House Speaker Mike Johnson's leadership team might balk at the spending cuts needed to offset the cost of Trump's $6 trillion tax-cut agenda while also addressing the nation's more than $36 trillion in debt.
Republicans have vowed to extend Trump's tax cuts from the 2017 Tax Cuts and Jobs Act, or TCJA, which are set to expire at the end of this year. The nonpartisan Committee for a Responsible Federal Budget estimates that doing so would cost more than $4 trillion over ten years, while Trump campaign pledges to eliminate taxes on tips, overtime and Social Security benefits could cost another $1.8 trillion.
Failure to reach agreement could trip up Republican lawmakers' plan to pass Trump's agenda by the end of May, using a maneuver to bypass Senate Democrats that will require almost all of the fractious majority to agree.
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