The legislation for extending the tax cuts and adding additional tax cuts (tips, overtime, SS) was originally going to be included in the House legislation for funding through the end of the 2025 fiscal year. The Senate said nope so they did the CR instead. Extending and increasing the tax cuts comes next but the challenge will somehow showing it won’t increase the deficit, otherwise it will need 60 votes in the Senate. All this disruption with the federal workforce is really a spit in the ocean compared to the actual cost drivers in the budget.
Thanks! I would love to see the tax cuts extended but not at the expense of future generations.