Democrats view the coming fights over President Trump's agenda as an opportunity to put his party on the defensive and damage the president's political standing

House Republicans are preparing to adopt a plan that puts a $4.5 trillion limit on the size of the tax cut, but even that will not be enough for some of President Trump’s promises.

Tax cuts have long been a Republican priority, and part of recent state budgets that became law. For the 2024 tax year, the individual income tax rate is 4.5%, with the 2025 rate dropping to 4.25%. The rate will drop to 3.99% in 2026. The corporate income tax rate is 2.5%, and Republican lawmakers would like to reduce it until it is eliminated.