That's why making big changes to tax laws is so hard — and why it hasn't been done for 30 years.
Unless Congress simply cuts taxes for everyone, there will be winners and losers, and the losers won't go quietly. If Congress does cut taxes for everyone, lawmakers risk exploding an already large budget deficit.
Republican leaders in the House and Senate say they don't want a tax overhaul to add to the national debt. That's what they mean when they say "revenue neutral." The new system would raise the same amount of tax revenue as the old one, after taking into account some broader economic effects.
President Donald Trump has said he will make public a tax proposal in the coming weeks. Republicans in Congress are also working on plans, with the House GOP taking the lead.
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