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)...
Last week, the Senate Finance Committee released its proposals for the One Big Beautiful Bill Act (OBBBA) reconciliation package. The Committee claims its tax proposals would add $441 billion to the...
Updated 5/22/25: The House passed the reconciliation package, officially titled the "One Big Beautiful Bill Act," on May 22 by a vote of 215 to 214. The bill will now head to the Senate. On May 18...
