https://www.taxtmi.com/news?id=40447 Republican leaders postponed a vote on the budget framework after conservative GOP holdouts demanded deeper spending cuts to offset extensive tax breaks. The package preserves prior tax measures and adds new tax provisions while proposing steep reductions to domestic programs and targeted increases for immigration enforcement and defense. Disputes center on an unusual accounting method that excludes the cost of maintaining earlier tax cuts and on differing House-Senate positions, meaning further reconciliation, votes, and negotiation over the debt limit are required. en-us Thu, 10 Apr 2025 06:16:03 +0530 Thu, 10 Apr 2025 06:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40447 Republican leaders postponed a vote on the budget framework after conservative GOP holdouts demanded deeper spending cuts to offset extensive tax breaks. The package preserves prior tax measures and adds new tax provisions while proposing steep reductions to domestic programs and targeted increases for immigration enforcement and defense. Disputes center on an unusual accounting method that excludes the cost of maintaining earlier tax cuts and on differing House-Senate positions, meaning further reconciliation, votes, and negotiation over the debt limit are required. News - Thu, 10 Apr 2025 06:16:03 +0530 https://www.taxtmi.com/news?id=40447