Key House Tax Writer Urges Against Using Debt to Finance Big Cuts

Feb. 6, 2025, 6:52 PM UTC

A senior House Ways and Means Committee member said he would oppose his party’s signature tax bill this year if it is “debt-financed” and questioned senior party members’ proposed scoring that could mask its overall price tag.

Rep. David Schweikert (R-Ariz.), who chairs the tax-writing panel’s subcommittee on oversight, warned against addressing expiring provisions of the 2017 tax law for families and businesses without addressing that bill’s impact on increasing debt and deficits.

“There’s no free options,” Schweikert said during a Bloomberg Government event Thursday. “We’re going to have to do hard things.”

His remarks illustrate the challenges congressional Republicans ...

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