Quarreling Republicans Float Plan to Cut Taxes, Raise Debt Limit

House Republican leaders took the first step Wednesday toward enacting trillions of dollars in tax cuts and raising the nation’s $36 trillion debt limit, offering a plan that risks rankling quarreling factions in the party.

The proposal aims to smooth the passage of President Donald Trump’s top legislative priorities: extending expiring individual and business taxes passed in 2017, boosting defense and border security spending and cutting other spending.

The $2 trillion in cuts in the budget plan would likely require scaling back bedrock social safety net programs such as Medicaid health coverage for the poor and disabled and food assistance ...