https://www.taxtmi.com/news?id=47928 The legislative package would make many prior tax breaks permanent, add new tax exemptions, and offset revenue losses through targeted spending reductions and reallocated national security funding. Advanced under a budget reconciliation framework and subject to the Byrd Rule, several provisions were revised after the Senate parliamentarian found them noncompliant, prompting amendments. Narrow majorities and intra party dissent raise procedural hurdles for floor passage and require near unanimous party support and further action in the other chamber. en-us Sun, 29 Jun 2025 06:31:04 +0530 Sun, 29 Jun 2025 06:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47928 The legislative package would make many prior tax breaks permanent, add new tax exemptions, and offset revenue losses through targeted spending reductions and reallocated national security funding. Advanced under a budget reconciliation framework and subject to the Byrd Rule, several provisions were revised after the Senate parliamentarian found them noncompliant, prompting amendments. Narrow majorities and intra party dissent raise procedural hurdles for floor passage and require near unanimous party support and further action in the other chamber. News - Sun, 29 Jun 2025 06:31:04 +0530 https://www.taxtmi.com/news?id=47928