House Republican tax plan debate kicks off

The House Republican debate over President Donald Trump’s tax agenda has kicked off.

An early version of the House Ways and Means tax bill would cost about $3.7 trillion over 10 years, according to estimates from the Joint Committee on Taxation.

With a $4.5 trillion limit, there could be significant changes, including for the cap on the deduction for state and local taxes, known as SALT, among other provisions.