House Republicans introduced an updated massive bill that seeks to advance President Trump's domestic agenda, aiming for passage by week's end. It tries to reconcile the demands of fiscal conservatives intent on reducing the deficit while also addressing blue state Republicans' desires for favorable taxes. House Speaker Mike Johnson expressed optimism about gaining unanimous support, despite expected Democratic opposition. Key proposals include a $3.8 trillion tax cut, extending the Trump tax cuts due to expire, temporary tax exemptions on overtime, and adjustments to the child tax credit.
"The plan is to move forward as expected," Johnson said. "I think that all of our colleagues here will really like this final product."
The updated legislation came at the end of a day of near-constant negotiations within the GOP, aiming to satisfy competing demands from fiscal hawks and blue state Republicans.
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