Tax cuts at risk as Freedom Caucus demands changes to $3.4 trillion bill

Republicans in the House of Representatives are trying to collect votes to pass the “major and beautiful draft law” for President Donald Trump, and if they fail to do so, a wide range of Americans may feel influenced on their governorates.

The financial falcons in the House of Representatives in the House of Representatives are annoyed by the changes made by the Senate on the draft law, which barely ran the legislative package until Tuesday morning with the assistance of Vice President JD Vance.

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The members of the conservative faction spent most of them at Wednesday’s meeting first in the White House, then behind the closed doors with parliament Speaker Mike Johnson, R does not. , And the office of the director of the administration and the budget Russian to rid a road forward.

They have called for changes to the draft law to find deeper spending cuts and the most cruel backing retreats of green energy credits that were in the original version of the home of the bill.

But some Republicans have warned that any changes to legislation at this stage will actually kill the bill.

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President Donald Trump, the oath, and the Speaker of Parliament Mike Johnson, a Republican of Louisiana, arrived at a republican meeting in the House of Representatives in the Capitol in Washington, DC, on Tuesday, May 20, 2025. (Nathan Howard / Bloomberg via Getti Embers / Getty Erch)

“If this does not pass, it never passes.”

“My biggest interest, if this does not pass, is that we are unable to address it at all.” “We are not able to accomplish this for the rest of the year, and we have a significant increase in taxes starting from January 1.”

The main central point of the draft law extends, or makes Trump’s law and jobs for Trump. While their validity does not end until the end of this year, Republicans have a series of final dates, such as the deadline for raising the roof of the debt or facing a debt crisis, to deal with it.

“About 80 % of taxpayers will pay taxes above next year,” Joe Rosenberg, an older colleague at the Urban-Grokes Tax Policy Center, told Fox News Digital.

He said that on average, families will witness an increase in their taxes by about 2100 dollars if the provisions are expired. However, he agreed that due to the presence of the operation, the bill is more expensive, and that the tax part of the package was the main cost engine.

The draft law also includes many of the tax holiday priorities that Trump paid on the campaign trail, such as canceling taxes on advice and additional work, and allowing the interest of car loan.

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The majority leader of the Senate John Thun (R-SD) is going to the Senate Hall during the voices of overnight in the Capitol on July 1, 2025 in Washington, DC. (Al Drao / Getty Images / Getty Images)

The latest degree of the non -partisan Congress budget office (CBO) found that the bill will cost about $ 3.4 trillion over the next decade.

He said, “The Senate Bill is more expensive than the House of Representatives Bill,” he said. “And you know, even the changes at the last minute before passing until it made it a little more expensive.”

Tad Dihaven, a policy analyst at the Kato Institute, agreed that the cost of the bill was rising, and he argued that it is still not dealing with the increasing federal debts in the country, which links only $ 37 trillion.

He pointed out that the markets will monitor what happened, and that if they fail, “the markets will interact with them badly. My understanding is some of the continuous strength that we see is a secondary result of merchants who believe they are positive positive.”

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However, it was sure that Republicans in the House of Representatives would not allow this, despite the noise and occurred in the Capitol Hill.

“Look at the end of the day, the Republican Party conference does not revolve when it comes to Donald Trump,” he said. “Donald Trump does not want to do so, and that will be done.”