Republicans Struggle with Tax Cuts
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expensive tax legislation RepublicansThe Hill
•5 obstacles Republicans will face on the road to tax cuts
75% Informative
Republicans are looking to extend the tax cuts passed by President-elect Trump in 2017 .
Republicans are divided on how to pay for a second round of tax cuts.
Some Republicans want to do away with the SALT cap, the child tax credit and green energy subsidies passed by Democrats .
Republicans need to agree on how much they want to add to the national debt.
Getting rid of parts of Democrats ’ sweeping 2022 climate package, known as the Inflation Reduction Act , has already been floated by Republicans as a way to pay for additional tax cuts.
Trump is reportedly intending to do away with the $ 7,500 consumer credit for electric vehicles.
The most contentious individual provisions under consideration are likely the SALT cap and the CTC .
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