Republicans Weigh Zero-Cost Extension for Trump's Tax Cuts

Republicans are strategizing on how to extend former President Trump's 2017 tax cuts, which are set to expire soon, potentially leading to significant tax increases for many Americans next year. To avoid the estimated $4 trillion cost of extending these cuts, GOP lawmakers are exploring a 'current policy' approach, arguing that since the cuts are already in place, extending them should be considered a zero-cost action. This strategy aims to circumvent the need for substantial spending cuts, which could alienate some fiscal conservatives within the party. House Budget Committee Chair Jodey Arrington is considering various spending cuts to offset costs, including reductions in food stamps and Medicare. However, there is tension between the House and Senate GOP on budget matters, as the House is generally more cautious regarding deficits. The internal Republican debate on how to manage these tax policies is critical, especially with slim margins in Congress and the looming expiration of the tax cuts.