The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional tax cuts, as the Fiscal Year (FY) 2025 Senate...
The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA)...
Updated 4/16/25: On April 10, following action in the Senate, the House adopted a final concurrent budget resolution setting the stage for work on a future reconciliation bill. This version of the...
