House GOP Introduces New Tax Cut Bills After Debt Debate

House Republicans have introduced a set of proposals that aim to cut taxes for businesses and families, adding billions of dollars to the nation's growing debt. The legislative package includes three bills that would revive tax breaks for companies, allow American families to claim a larger standard deduction, and repeal a requirement that taxpayers report transactions above $600. The nonpartisan Joint Committee on Taxation estimated that the three bills together would add about $21 billion to the deficit over the next 10 years. Democrats have criticized the GOP bills as hypocritical and harmful to clean energy-focused policies.