https://www.taxtmi.com/news?id=29805 Republican leaders and the president elect are negotiating whether to pursue a single comprehensive legislative package or multiple bills, reflecting narrow GOP majorities and mixed signals from the president elect. The central procedural focus is the use of budget reconciliation to pass measures by simple majority in the Senate without filibuster, a mechanism that is procedurally strict and time consuming but can enable passage of tax and fiscal legislation; sequencing and risk increase if reconciliation is used more than once. Substantive priorities include tax changes, border security and deportation, program cuts, energy development, and defense funding. en-us Thu, 09 Jan 2025 07:31:02 +0530 Thu, 09 Jan 2025 07:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29805 Republican leaders and the president elect are negotiating whether to pursue a single comprehensive legislative package or multiple bills, reflecting narrow GOP majorities and mixed signals from the president elect. The central procedural focus is the use of budget reconciliation to pass measures by simple majority in the Senate without filibuster, a mechanism that is procedurally strict and time consuming but can enable passage of tax and fiscal legislation; sequencing and risk increase if reconciliation is used more than once. Substantive priorities include tax changes, border security and deportation, program cuts, energy development, and defense funding. News - Thu, 09 Jan 2025 07:31:02 +0530 https://www.taxtmi.com/news?id=29805