GOP leaders in the House and Senate are seeking to repeal and replace the Affordable Care Act, but there is a $200 billion tax cut attached to the package.
The package includes $1 trillion in tax cuts for the wealthiest Americans, according to the Wall Street Journal, which reported Tuesday.
It would also extend tax cuts enacted in the GOP’s health care overhaul.
The tax cuts would also expand Medicaid, which has become a major issue for GOP lawmakers in the past few weeks.
House Speaker Paul Ryan said Tuesday he is “working to put together an omnibus package that includes everything that we can.”
Ryan also announced that he has a budget to be unveiled in the next two weeks, but did not elaborate.
A $500 billion tax hike would go into effect on April 1.
Republicans are hoping to pass it before then, and it is unclear how much the tax hike will cost the GOP.
Democrats have not endorsed the bill.
They are still waiting for the Congressional Budget Office to score the bill, and Democrats have said they will oppose it.
A House Republican aide said the tax cut is a “good first step.”