https://www.taxtmi.com/news?id=45604 A Republican bill seeks to extend and add tax cuts while raising the debt ceiling and offsetting revenue loss through spending reductions tied to work requirements and benefit changes. The proposal would shrink Medicaid coverage and SNAP benefits, alter SALT deductions, and faces Senate negotiations over less central tax items. The CBO will score fiscal impacts, and holdout senators cite concerns about Medicaid copays and provider tax terminations, making revisions likely before a narrow Senate vote. en-us Wed, 04 Jun 2025 09:16:03 +0530 Wed, 04 Jun 2025 09:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45604 A Republican bill seeks to extend and add tax cuts while raising the debt ceiling and offsetting revenue loss through spending reductions tied to work requirements and benefit changes. The proposal would shrink Medicaid coverage and SNAP benefits, alter SALT deductions, and faces Senate negotiations over less central tax items. The CBO will score fiscal impacts, and holdout senators cite concerns about Medicaid copays and provider tax terminations, making revisions likely before a narrow Senate vote. News - Wed, 04 Jun 2025 09:16:03 +0530 https://www.taxtmi.com/news?id=45604