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 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.

The Republican House Budget resolution out Wednesday reveals the Ways and Means Committee will get $4.5 trillion to lock in tax cuts, one of President Donald Trump's major proposals. The GOP also seeks an increase in the debt limit by $4 trillion,

The House Budget Committee released a budget blueprint Wednesday proposing $2 trillion in spending cuts. Why it matters: The House is going bigger and bolder than the Senate with its proposed budget resolution to implement President Trump's legislative agenda — but they're also a step behind.