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1 week ago | 
news.bloombergtax.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Greg Tourial
Senate committees have unveiled drafts of the sprawling budget reconciliation package that would advance President Donald Trump’s policy agenda, including extending tax cuts and boosting funds for immigration enforcement. Senate GOP leadership is aiming to bring the measure to the floor next week, with a stated goal of passing the package by July 4.
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3 weeks ago | 
news.bloombergtax.com | Brandon Lee |Karl Evers-Hillstrom |Greg Tourial |Olivia Gyapong
The House returns from its Memorial Day recess to take up legislation that would restrict Small Business Administration loans based on immigration status, close SBA offices in “sanctuary” cities, and limit the number of certified small business lending companies. The Rules Committee plans to meet Tuesday to set the terms of floor debate on those bills, as well as another measure to renew key drug overdose prevention and treatment programs. Simple majorities would be required for passage.
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1 month ago | 
news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial
The House passed Republicans’ sweeping budget reconciliation bill early Thursday morning in a narrow 215-214 vote, advancing key Trump campaign pledges to extend tax cuts from his first term, boost immigration enforcement spending, and more. The measure (H.R. 1) would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks.
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1 month ago | 
news.bgov.com | Kellie Lunney |Karl Evers-Hillstrom
House Republicans are moving ahead with a measure that would fast-track permitting for fossil fuel project applicants as part of President Donald Trump’s sweeping tax-and-spending bill. The language was included as part of a manager’s amendment released Wednesday night to House Republican’s version of the budget legislation, which Speaker Mike Johnson (R-La.) aims to bring to the chamber floor Thursday.
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1 month ago | 
news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial
President Donald Trump’s tax, energy, immigration, defense, and health-care priorities would be enacted under House Republican’s sweeping reconciliation bill, which would use the budget process to bypass Democratic opposition in the Senate. The measure would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks for seniors and tipped and overtime wages.
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1 month ago | 
news.bloombergtax.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial
The House Natural Resources Committee approved its portion of Republicans’ sweeping budget reconciliation bill this week, bringing the number of pieces approved to eight. Still, some of the trickiest parts remain. The Agriculture, Energy and Commerce, and Ways and Means panels have yet to act on their measures, which include the bulk of targeted spending cuts and tax changes. Download the BGOV Reconciliation Update for May 7Republican leaders are aiming to clear the measure for Trump by July 4.
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1 month ago | 
news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial
The House is set to vote on a series of foreign policy measures, including bills to rename the Gulf of Mexico to the “Gulf of America” in federal law and cut off Department of Homeland Security funding to higher education institutions with ties to Chinese entities. The House Rules Committee will meet today to set the terms of floor debate on those bills, which require a simple majority to pass.
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1 month ago | 
news.bloombergtax.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial
The House is set to vote on a series of foreign policy measures, including bills to rename the Gulf of Mexico to the “Gulf of America” in federal law and cut off Department of Homeland Security funding to higher education institutions with ties to Chinese entities. The House Rules Committee will meet today to set the terms of floor debate on those bills, which require a simple majority to pass.
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1 month ago | 
news.bloomberglaw.com | Karl Evers-Hillstrom |Brandon Lee |Greg Tourial
President Donald Trump proposed aggressively slashing federal spending in his fiscal 2026 budget request, seeking to codify his administration’s efforts to shrink the size of government. The request calls on Congress to reduce nondefense discretionary spending by 17% through an array of cuts to most agencies and by eliminating dozens of programs. It was delivered several months behind schedule, as is typical with new administrations.
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2 months ago | 
news.bloombergtax.com | Brandon Lee |Chris Cioffi |Zach Cohen |Erin Durkin |Karl Evers-Hillstrom |Jack Fitzpatrick | +8 more
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