WASHINGTON—Republicans in the House of Representatives released a fiscal 2018 budget plan on Tuesday that could pose a major new political test for President Donald Trump’s legislative agenda by combining tax reform with controversial spending cuts.
The $4 trillion blueprint would allow an overhaul of the tax code to pass Congress without support from Democrats, along with a partial repeal of the 2010 Dodd-Frank Wall Street reform law and $203 billion in savings from mandatory federal programs including food stamps over the next decade.
Those changes and others would be combined in a single piece of legislation.
“In past years the budget has only been a vision but now with a Republican Congress and a Republican White House this budget is a plan for action,” House Budget Committee Chair Diane Black said at a news conference.
The prospect of reduced benefits for the poor and major tax cuts for businesses and individuals is already a source of infighting between House Republican conservatives who want larger spending reductions and moderates who oppose them.
