https://www.taxtmi.com/news?id=44380 Republican leaders are pursuing a legislative package extending prior tax cuts and adding new tax benefits while offsetting revenue loss through rollbacks of renewable energy incentives, cuts to federal safety-net programs, and new work requirements for Medicaid and SNAP recipients. The measure includes a sizable increase to the state-and-local-tax deduction with income-based phaseouts, and independent budget estimates forecast large deficit increases alongside reductions in health and nutrition program enrollment. en-us Thu, 22 May 2025 04:01:04 +0530 Thu, 22 May 2025 04:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44380 Republican leaders are pursuing a legislative package extending prior tax cuts and adding new tax benefits while offsetting revenue loss through rollbacks of renewable energy incentives, cuts to federal safety-net programs, and new work requirements for Medicaid and SNAP recipients. The measure includes a sizable increase to the state-and-local-tax deduction with income-based phaseouts, and independent budget estimates forecast large deficit increases alongside reductions in health and nutrition program enrollment. News - Thu, 22 May 2025 04:01:04 +0530 https://www.taxtmi.com/news?id=44380