https://www.taxtmi.com/news?id=42724 The presidential budget proposal sets topline targets and urges steep reductions across federal programmes, including targeted rescissions of enacted funding and workforce cuts, while proposing alternative revenue avenues such as tariffs. The Office of Management and Budget presents these measures as part of a broader government reorganisation effort and to test Congressional willingness to vote to roll back appropriations. Appropriations and any binding fiscal changes remain subject to Congress's constitutional authority and committee review, which will shape whether proposed cuts become law. en-us Fri, 02 May 2025 18:31:03 +0530 Fri, 02 May 2025 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42724 The presidential budget proposal sets topline targets and urges steep reductions across federal programmes, including targeted rescissions of enacted funding and workforce cuts, while proposing alternative revenue avenues such as tariffs. The Office of Management and Budget presents these measures as part of a broader government reorganisation effort and to test Congressional willingness to vote to roll back appropriations. Appropriations and any binding fiscal changes remain subject to Congress's constitutional authority and committee review, which will shape whether proposed cuts become law. News - Fri, 02 May 2025 18:31:03 +0530 https://www.taxtmi.com/news?id=42724