Press "Enter" to skip to content

Posts tagged as “The Congressional Budget Office”

Republicans Push to Make 2017 Tax Cuts Permanent Amid Senate Budget Rule Debate, Eyeing Trump’s Fiscal Legacy

Republican lawmakers are deliberating the future of the 2017 tax cuts, with a key Senate decision pending that could allow these cuts to become permanent through the reconciliation process. The debate focuses on whether to use a "current policy" baseline to calculate the cost, potentially setting it at $0 and bypassing traditional budget negotiations, a move criticized for undermining Congress' budgetary authority. Democrats have limited involvement in these discussions, and the Congressional Budget Office estimates the extension would cost $4.6 trillion over the next decade, as Republicans aim to secure a budget resolution before the Easter recess to advance Trump's fiscal agenda.