The U.S. House tax committee unveiled a portion of President Donald Trump’s proposed tax agenda on Friday, aiming to make his 2017 tax cuts permanent. The 28-page proposal by the House Ways and Means Committee includes plans to raise the child tax credit, impose requirements for recipients, and reduce taxes for certain businesses. However, the proposal does not address contentious issues like the deduction limit for state and local taxes, Medicaid, or clean energy tax credits. Ways and Means Committee Chair Jason Smith expressed confidence in delivering for the American people. Congressional Republicans are grappling with how to fund Trump’s ambitious tax and immigration reform plans, with debates on Medicaid and the nation’s debt ceiling ongoing. The party is divided between those seeking spending reductions and moderates wary of cuts to Medicaid. The committee is set to discuss and advance the legislation on Tuesday.
