https://www.taxtmi.com/news?id=40536 The House approved a partisan budget framework that preserves and expands prior tax cuts while coupling them with proposed deep domestic spending reductions and increases in defense and immigration enforcement funding. The measure raises the statutory debt limit and relies on an accounting approach that excludes the cost of preserving earlier tax cuts from new spending totals. Narrow passage followed negotiations with conservative holdouts and leaves significant House-Senate differences to be reconciled in subsequent legislative drafting and floor votes. en-us Thu, 10 Apr 2025 21:16:03 +0530 Thu, 10 Apr 2025 21:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40536 The House approved a partisan budget framework that preserves and expands prior tax cuts while coupling them with proposed deep domestic spending reductions and increases in defense and immigration enforcement funding. The measure raises the statutory debt limit and relies on an accounting approach that excludes the cost of preserving earlier tax cuts from new spending totals. Narrow passage followed negotiations with conservative holdouts and leaves significant House-Senate differences to be reconciled in subsequent legislative drafting and floor votes. News - Thu, 10 Apr 2025 21:16:03 +0530 https://www.taxtmi.com/news?id=40536