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GOP wages a tax battle that offers little political upside

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The package they are struggling to assemble will largely head off tax increases instead of creating broad, new benefits.
The article from Yahoo News discusses the ongoing tax battle between the Republican Party and the Democrats, focusing on the GOP's recent proposal to extend the Trump-era tax cuts. The GOP's plan, led by House Ways and Means Committee Chairman Jason Smith, aims to make permanent the tax cuts set to expire in 2025, arguing that they have spurred economic growth and benefited middle-class families. Democrats, however, criticize the proposal as favoring the wealthy and increasing the federal deficit. The article highlights the political divide, with Democrats pushing for tax policies that target corporations and the rich, while Republicans emphasize the need for tax relief for all Americans. The looming expiration of these tax cuts sets the stage for a contentious debate in the upcoming election cycle.

Read the Full Politico Article at:
[ https://www.yahoo.com/news/gop-wages-tax-battle-offers-165057489.html ]