GOP Divided Over Cost and Duration of Trump Tax Cut Extensions

House and Senate Republicans clash over extending 2017 tax cuts, with debates on deficit impact and potential offsets.

House Republicans propose a four-year extension of the 2017 Trump tax cuts to limit their impact on the federal deficit, while Senate Republicans push for a 10-year extension for long-term stability.
Extending the tax cuts for a decade could add over $4 trillion to the deficit, raising concerns among fiscal conservatives in the GOP about the nation's growing $36 trillion debt.
Senate Finance Committee Chair Mike Crapo advocates for scoring the tax cuts as a continuation of current policy to minimize their official budgetary impact, a move some conservatives label a 'gimmick.'
Additional Trump-backed tax proposals, including eliminating taxes on tipped income and Social Security benefits, could add $3.6 trillion in costs over the next decade, complicating negotiations.
Republicans face challenges in reconciling deficit concerns, internal divisions, and narrow House and Senate majorities to pass the tax package, with potential offsets like spending cuts and tariffs under consideration.