https://www.taxtmi.com/news?id=39835 The Senate Republican budget plan authorizes broad extensions of individual and estate tax reductions while employing a scoring method that treats those extensions as not increasing future deficits for budget purposes, despite independent estimates projecting substantial net deficit additions when interest is included. It permits adjustment of the federal borrowing limit and directs multiple committees to identify specified budget reductions to help finance border security, defense, and other prioritized measures, and advances through an intensive amendment-and-vote process to shape subsequent reconciliation legislation. en-us Sat, 05 Apr 2025 06:46:03 +0530 Sat, 05 Apr 2025 06:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39835 The Senate Republican budget plan authorizes broad extensions of individual and estate tax reductions while employing a scoring method that treats those extensions as not increasing future deficits for budget purposes, despite independent estimates projecting substantial net deficit additions when interest is included. It permits adjustment of the federal borrowing limit and directs multiple committees to identify specified budget reductions to help finance border security, defense, and other prioritized measures, and advances through an intensive amendment-and-vote process to shape subsequent reconciliation legislation. News - Sat, 05 Apr 2025 06:46:03 +0530 https://www.taxtmi.com/news?id=39835