That plan released Wednesday—headed for a Budget Committee vote Thursday—calls for a minimum of $1.5 trillion in spending cuts over a decade and a maximum of $4.5 trillion in tax cuts from the Ways and Means Committee.

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.

There will absolutely have to be trade-offs,” a Republican strategist told Politico, of a dispute among GOP lawmakers.

House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump's top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so that the U.

House Republicans released a budget resolution that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.

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 House GOP would fall short of Trump’s ambitious revenue goals—making the expiring provisions of the TCJA permanent and enacting additional tax cuts he proposed.