Quarreling Republicans Float Plan to Cut Taxes, Raise Debt Limit
- Budget blueprint would bypass Democrats on debt ceiling
- Spending cuts would likely require curtailing safety net
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House Republican leaders took the first step Wednesday toward enacting trillions of dollars in tax cuts and raising the nation’s $36 trillion debt limit, offering a plan that risks rankling quarreling factions in the party.
The proposal aims to smooth the passage of President Donald Trump’s top legislative priorities: extending expiring individual and business taxes passed in 2017, boosting defense and border security spending and cutting other spending.