https://www.taxtmi.com/news?id=39826 The budget resolution authorizes use of budget reconciliation to enable simple-majority passage of tax and spending legislation, instructs committees to draft bills under scoring assumptions that treat extensions of prior individual and estate tax cuts as not increasing deficits, and directs committees to identify both modest required spending reductions and additional deficit room for targeted priorities while permitting increases in borrowing authority and funding for border and defense. en-us Sat, 05 Apr 2025 00:01:03 +0530 Sat, 05 Apr 2025 00:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39826 The budget resolution authorizes use of budget reconciliation to enable simple-majority passage of tax and spending legislation, instructs committees to draft bills under scoring assumptions that treat extensions of prior individual and estate tax cuts as not increasing deficits, and directs committees to identify both modest required spending reductions and additional deficit room for targeted priorities while permitting increases in borrowing authority and funding for border and defense. News - Sat, 05 Apr 2025 00:01:03 +0530 https://www.taxtmi.com/news?id=39826