Huaqun Li

1 week ago | taxfoundation.org | Garrett Watson |Huaqun Li |Erica York |Alex Muresianu

The Senate Finance Committee introduced its reconciliation taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. legislation on June 16, 2025, addressing the expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and making additional changes to US tax policy and spending.