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Trump's 2017 tax cuts will expire at the end of 2025 to avoid increasing long-term budget deficits, for example, but Republicans will try to extend them. ... by the Congressional Budget Act of ...
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
Extending the tax cuts Trump passed during his first term and which expire this year would cost $4 trillion over 10 years, analysts estimate. ... the tariffs would not likely be included in the ...
The corporate tax reform eventually yielded larger revenue growth than expected after the legislation was passed, according to the Congressional Budget Office. ... Congress Should Extend the Trump ...
January 3, 2025: A resolution fixing the hour of daily meeting of the Senate. S.Res. 8: January 3, 2025: A resolution electing Jackie Barber as Secretary of the Senate. S.Res. 9: January 3, 2025: A resolution notifying the President of the United States of the election of a Secretary of the Senate. S.Res. 10: January 3, 2025
Under the legislation passed to avert a shutdown last week, Congress set its new deadline of March 14 to hash out funding for the remainder of fiscal 2025 — and top appropriators on both sides ...
While Trump has called for full TCJA extensions, Project 2025 proposes a “simple two-rate individual tax system” of a flat 15% and 30%. The latter would kick in around the Social Security wage ...
The 119th United States Congress is the current term of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It convened on January 3, 2025, during the final 17 days of Joe Biden's presidency, and the first two years of Donald Trump's second presidency.