https://www.taxtmi.com/news?id=47965 A major federal tax and spending package is advancing through the Senate with expedited procedures, proposing permanent extension of earlier tax-rate reductions and additional tax provisions, alongside substantial spending cuts and stricter eligibility rules for Medicaid and nutrition assistance through work requirements. The bill also reduces renewable energy tax incentives and provides new border and national security funding financed in part by immigration-related fees. A nonpartisan budget analysis projects increased uninsurance and a significant deficit rise, and senators have employed extended floor debate and a full reading to oppose the measure. en-us Mon, 30 Jun 2025 06:01:03 +0530 Mon, 30 Jun 2025 06:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47965 A major federal tax and spending package is advancing through the Senate with expedited procedures, proposing permanent extension of earlier tax-rate reductions and additional tax provisions, alongside substantial spending cuts and stricter eligibility rules for Medicaid and nutrition assistance through work requirements. The bill also reduces renewable energy tax incentives and provides new border and national security funding financed in part by immigration-related fees. A nonpartisan budget analysis projects increased uninsurance and a significant deficit rise, and senators have employed extended floor debate and a full reading to oppose the measure. News - Mon, 30 Jun 2025 06:01:03 +0530 https://www.taxtmi.com/news?id=47965