https://www.taxtmi.com/news?id=44020 A House Republican tax and border security package was reported out of committee after private concessions persuaded conservative holdouts to withdraw opposition; the bill permanently extends prior income tax reductions, adds temporary tax exclusions, increases border and defense spending, accelerates proposed program requirements including Medicaid work mandates, and raises the state and local tax deduction cap. Critics warn tax cuts and spending are front loaded while offsets are back loaded, producing significant near term deficit impact according to nonpartisan estimates, with further negotiation expected on the floor and in the Senate. en-us Mon, 19 May 2025 08:31:04 +0530 Mon, 19 May 2025 08:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44020 A House Republican tax and border security package was reported out of committee after private concessions persuaded conservative holdouts to withdraw opposition; the bill permanently extends prior income tax reductions, adds temporary tax exclusions, increases border and defense spending, accelerates proposed program requirements including Medicaid work mandates, and raises the state and local tax deduction cap. Critics warn tax cuts and spending are front loaded while offsets are back loaded, producing significant near term deficit impact according to nonpartisan estimates, with further negotiation expected on the floor and in the Senate. News - Mon, 19 May 2025 08:31:04 +0530 https://www.taxtmi.com/news?id=44020