https://www.taxtmi.com/news?id=44032 House Republicans narrowly advanced a tax-and-spending package from the Budget Committee that would permanently extend income tax cuts, add temporary new taxpayer benefits, increase border and defense funding, and roll back certain clean energy credits; it offsets costs through spending reductions and policy changes that critics say are back-loaded. Key points in dispute include accelerating proposed Medicaid work requirements (not slated to begin until 2029 under current text), enlarging the state-and-local tax deduction cap, and resolving deficit and entitlement reduction concerns before a planned House floor vote and subsequent Senate consideration. en-us Mon, 19 May 2025 12:01:03 +0530 Mon, 19 May 2025 12:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44032 House Republicans narrowly advanced a tax-and-spending package from the Budget Committee that would permanently extend income tax cuts, add temporary new taxpayer benefits, increase border and defense funding, and roll back certain clean energy credits; it offsets costs through spending reductions and policy changes that critics say are back-loaded. Key points in dispute include accelerating proposed Medicaid work requirements (not slated to begin until 2029 under current text), enlarging the state-and-local tax deduction cap, and resolving deficit and entitlement reduction concerns before a planned House floor vote and subsequent Senate consideration. News - Mon, 19 May 2025 12:01:03 +0530 https://www.taxtmi.com/news?id=44032