https://www.taxtmi.com/news?id=48204 Republican leaders are rushing final passage of a tax and spending package that makes prior tax breaks permanent, adds new individual deductions, and pairs roughly permanent tax reductions with increased defense and immigration spending. The bill offsets part of its cost through reductions in Medicaid and food-assistance programs, imposes new work requirements and greater state cost-sharing for benefits, and is projected to substantially increase federal deficits; leaders press a fast timetable and party unity despite narrow margins and intra-party objections. en-us Wed, 02 Jul 2025 09:46:03 +0530 Wed, 02 Jul 2025 09:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48204 Republican leaders are rushing final passage of a tax and spending package that makes prior tax breaks permanent, adds new individual deductions, and pairs roughly permanent tax reductions with increased defense and immigration spending. The bill offsets part of its cost through reductions in Medicaid and food-assistance programs, imposes new work requirements and greater state cost-sharing for benefits, and is projected to substantially increase federal deficits; leaders press a fast timetable and party unity despite narrow margins and intra-party objections. News - Wed, 02 Jul 2025 09:46:03 +0530 https://www.taxtmi.com/news?id=48204