Tax, spending divisions rankle Republicans despite momentum on reconciliation

Republican leaders in the House and Senate emerged from a meeting at the Treasury Department Tuesday afternoon sounding upbeat about their “big, beautiful bill” that has an extension of the 2017 tax cuts as its centerpiece.

But lawmakers on key committees are sounding nervous about divisions they have over the bill, issues that range from spending cuts and accounting assumptions to the far-reaching scope of the legislation itself.

“I think it’s good that the House an...