House Republican $237B Tax Cut Package Revealed

House Republicans have proposed a broad tax cut package with some key tax changes. Will any provisions have bipartisan support?

US Capitol Building for House Republican tax cut package
(Image credit: Getty Images)

Republicans in the U.S. House of Representatives are proposing about $237 billion in tax cuts on the heels of the averted debt limit crisis. It's unclear at this time, whether the trio of bills has sufficient support for a floor vote. However, the package addresses key tax changes involving research and development (R&D) credits and 1099-K relief for casual online sellers. In the past, both of those issues have shown potential for some bipartisanship.  

The bills include other notable proposals, including a temporary (two-year) renamed, higher individual standard deduction, and a repeal of some clean energy tax credits from the Inflation Reduction Act, including the federal EV tax credit for "clean vehicles."

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Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.