Senate Republicans are working on a crucial bill that aims to make the 2017 Trump tax cuts permanent, potentially leading to friction in the House due to new provisions. The Senate Finance Committee's release of the bill occurs alongside an alternate estimate from the Congressional Budget Office indicating a significant increase in the deficit from the prior House version. Meanwhile, Senate Democrats criticize the bill for favoring wealthy corporations. With a tight GOP majority, Republicans face pressure to pass the legislation by July 4, complicating the coalition previously achieved in the House.
Senate Republicans are advancing a bill aimed at making the 2017 Trump tax cuts permanent, but face significant opposition from Senate Democrats and intraparty divisions.
Senate Majority Leader John Thune is under pressure to pass the legislation by July 4, as the bill's modifications could risk the fragile coalition built in the House.
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