House Speaker Mike Johnson, R-La., has told Republicans that he is pursuing a slimmed-down package of tax cuts over concerns that not enough spending cuts could be found to offset the original $4.5 trillion proposal, Politico reported Thursday.

Instead, Republicans will seek a $4 trillion package with $1.5 trillion in cuts, according to the report. Republicans would need $2 trillion in offsets to move forward with the $4.5 trillion tax package.

“There is no way we’re going to hit $2 trillion,” one senior GOP aide told Politico.

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