Trump is asking Congress to repeal the Affordable Care Act and slash taxes for corporations and the wealthy, and the GOP is doing its best to push those goals through the Senate.
In the Senate, Senate Majority Leader Mitch McConnell said on Sunday he would be pushing for a version of the tax plan to pass, while Sen. Lindsey Graham said he was ready to vote yes.
But the bill’s passage is far from certain.
The House and Senate passed similar versions of their tax overhaul last month, and Trump has vowed to sign it into law.
If Senate Republicans don’t do their jobs, there will be major tax cuts for the wealthy and corporations, and a tax hike on the middle class.
The Tax Policy Center found that Trump’s tax cuts would cost the middle-class about $1.2 trillion over a decade, more than double the $800 billion in cuts he proposed in his campaign.
Those figures include the $500 billion in economic growth that would be generated by eliminating all deductions and credits that Trump proposed.
The Joint Committee on Taxation estimated that those tax cuts will cost about $4.4 trillion over 10 years.
The Senate’s version of a tax bill that passed the House earlier this month would slash taxes on individuals by $1,000, but it also includes $400 billion in tax cuts, including $150 billion in credits that help middle-income people and $300 billion in deductions that help people who don’t file taxes.
The committee’s analysis said the House’s tax bill would cost taxpayers $2,500 on average over a 10-year period.
The tax plan that passed last month included $5,000 in tax credits for the middle and lower classes.
The GOP tax plan, however, would not include any of those benefits.
On Sunday, Sen. Ben Sasse (R-Neb.) said the tax bill must include “real economic growth,” and he urged GOP senators to come up with “a comprehensive plan that will help people and grow the economy.”
The House bill does not include that kind of growth.
The Congressional Budget Office estimated that repealing the ACA would cost $834 billion over a ten-year time period, with most of that in the form of higher taxes for middle- and lower-income families.
The White House has said that Trump would keep those tax breaks and other tax relief, and that the bill would be revenue neutral.
But many economists argue that eliminating the ACA will cause the economy to shrink and hurt economic growth.
Republicans have said the ACA does not have a large enough deficit to cause an immediate economic impact.
But as the nonpartisan Tax Policy Network pointed out in a recent report, the ACA is an exception to the rule: It provides a substantial tax relief package to the middle income group that is not offset by a larger tax increase for the top income bracket.
The report added that a significant portion of that tax relief will be lost if the ACA were repealed.
Trump’s administration has argued that the ACA tax relief is worth it because it benefits individuals and businesses, as well as businesses and individuals who receive federal subsidies that help them buy health insurance.
A number of Republican lawmakers have also expressed support for a repeal of the ACA, saying that it is costing the country too much.
The bill’s supporters say that would lower costs for the American economy, as the cost of the bill will be passed onto the rest of the country.