The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA)...
As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of baseline for the eventual reconciliation bill is one...
The House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax cuts and spending increases. Even with those offsets...
