An updated forecast from the nonpartisan Joint Committee on Taxation shows a tax package from House Republicans would cost $3.7 trillion, leaving the budget legislation on track with room to spare for adjustments, including a cap on state and local tax deductions.
The committee’s forecast comes before a Tuesday afternoon meeting, during which the Ways and Means Committee will take up the tax package formally, reported Politico.
Further changes are possible during the meeting, and later when Republicans plan to take the legislation to the House floor.
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