From the opinion pages of the Wall Street Journal, this is Potomac Watch.

House Republicans unveil more details of their big, beautiful reconciliation bill,

including their plans for the tax code and the Medicaid health insurance program.

But has Speaker Mike Johnson managed to bridge the

GOP divisions enough to get this over the line? And what of this is good policy and what can

the Senate ditch? Welcome, I'm Kyle Peterson with The Wall Street Journal. We're joined today by

my colleagues editorial board member Kate Batchelder O'Dell and columnist Alicia Finley. Three big House committees are set today to mark up their portions of the big reconciliation bill that the narrow GOP majority wants to use to pass its priorities and President Trump's agenda. They include the Ways and Means Committee, which has jurisdiction over America's

mess of a tax code, and on Monday, that committee dropped the details of its proposal. As a reminder,

big portions of the 2017 tax cut signed by President Trump are set to phase out at the end of this

year, including the lower rates on individual income tax earners. And so a

big part of what is motivating Republicans is that if this Congress takes no action, that amounts

to a tax increase over the next decade of about $4.5 trillion. Kate, you've looked at this House

proposal. What do you make of what is headed today toward

the Ways and Means Committee? Well, to your point, Kyle, all three major committees, energy and

commerce, the Agriculture Committee, and Ways and Means are all advancing their bills today on

Tuesday. And so it is an enormous amount of policy moving through Washington at once.

I would note, too, even if these

bills move through committee today, I think the House is still in a live negotiation and we'll

have to make further changes to this bill before they take it to the Rules Committee and try to get a

version of it on the floor. So what we have now are drafts from these three committees. You asked about

ways and means. The ways and means draft, I would call a mixed bag. You want tax policy to raise revenue for the

government while minimizing distortions. You want it to improve the incentive to work and invest.

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