Who gets a break? Clashing ideas on tax relief are teed up for the 2024 campaign

Days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows clashing visions for the U.S. economy. GOP lawmakers are pushing deep tax cuts for companies and the affluent as the primary driver for sustaining economic growth. President Joe Biden and fellow Democrats seek more targeted tax cuts to achieve social goals such as reducing child poverty and shifting to renewable energy. The differences will come to the forefront in 2025, when the debt limit drama returns and tax cuts passed in 2017 are due to expire.