https://www.taxtmi.com/news?id=44129 Legislation seeks permanent extension of broad income tax cuts, expansion of personal deductions, and new targeted tax exemptions paired with additional border, defence, and immigration funding. Core disputes center on accelerating and deepening programmatic spending cuts as offsets, notably earlier Medicaid work requirements and rollback of green energy tax credits, while some lawmakers press for larger state and local tax deductions. Nonpartisan estimates project substantial debt increases and reduced health coverage; leadership is pursuing expedited committee action and a compressed floor schedule amid narrow legislative margins. en-us Tue, 20 May 2025 10:16:03 +0530 Tue, 20 May 2025 10:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44129 Legislation seeks permanent extension of broad income tax cuts, expansion of personal deductions, and new targeted tax exemptions paired with additional border, defence, and immigration funding. Core disputes center on accelerating and deepening programmatic spending cuts as offsets, notably earlier Medicaid work requirements and rollback of green energy tax credits, while some lawmakers press for larger state and local tax deductions. Nonpartisan estimates project substantial debt increases and reduced health coverage; leadership is pursuing expedited committee action and a compressed floor schedule amid narrow legislative margins. News - Tue, 20 May 2025 10:16:03 +0530 https://www.taxtmi.com/news?id=44129