Republicans aim for substantial tax cuts but are limited to a $4.5 trillion framework over a decade. Past tax cuts, particularly from 2017, have consumed much of this budget, with nearly $4 trillion required to maintain current rates. As negotiations unfold, House members are grappling with which tax reduction proposals can be prioritized without exceeding this cap. Some corporate tax breaks are phasing out, costing an additional $200 billion, which further restricts the room for new cuts to only about $300 billion.
Republicans face a budgetary limit of $4.5 trillion over ten years for tax cuts, balancing their ambitions against the reality of costs and priorities.
House Republicans are negotiating over which tax cuts can fit under a $4.5 trillion ceiling, but many popular proposals exceed this allowed amount.
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