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of <h1>Tax Cuts Bill Proposes Major Reductions, Challenges Social Safety Net with Potential $3.8 Trillion Deficit Impact</h1> House Republicans are advancing a comprehensive tax cuts bill with significant implications. The proposed legislation extends previous tax breaks, introduces new provisions, and includes spending cuts to federal programs. A Congressional Budget Office report indicates the bill would increase the federal deficit by $3.8 trillion over ten years, potentially reducing health insurance and food assistance for millions. The package faces internal party challenges and aims to reshape tax policy and social safety net programs.
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