Republicans are eager to capitalize on the first 100 days of President Trump's administration, focusing heavily on extending tax cuts enacted in 2017, which are set to expire.
With a brief window of total control in Washington, Republicans aim to pass significant tax and spending reforms while navigating questions regarding cost, political disagreements, and the implications of rising deficits.
Using the budget reconciliation process, Republicans can circumvent the 60-vote requirement in the Senate for tax-related bills, allowing quicker passage of their economic agenda.
While Republicans hold meetings to strategize the extension of the expiring tax cuts, they also face political dilemmas over the legislation’s overall cost and how swiftly they should act.
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