Republicans Brace for High-Stakes Tax Cut Showdown in Trump's Term

Republicans, led by President-elect Donald Trump, are planning an ambitious 100-day agenda focused on renewing $4 trillion in expiring tax cuts, reducing government spending on social programs, and rolling back Biden-era policies. The agenda includes lowering corporate tax rates and eliminating taxes on tips and overtime pay, despite concerns about increasing federal deficits. The GOP aims to use the reconciliation process to pass these measures without Democratic support, reviving debates on income inequality and government size.