EPISODE · Apr 12, 2025 · 7 MIN
Senate’s Budget Policy Change Sparks Debate
from America's Talking · host The Center Square
(The Center Square) – As Senate Republicans work on the floor to pass a compromise budget resolution, fiscal watchdogs are warning that permanently extending President Donald Trump’s tax cuts will have dire consequences. The Senate’s amendment to the House’s $4.5 trillion budget resolution would theoretically subtract $3.8 trillion from the price tag by adopting a current policy baseline, which treats renewing the 2017 Tax Cuts and Jobs Act as a continuation of current law rather than new policy. The unconventional tactic would also allow the TCJA to become permanent since it puts the costs of extension at zero. Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxxFull story: https://www.thecentersquare.com/national/article_501c956b-b50d-4fe9-8972-1b1f8d3a7f14.html Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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(The Center Square) – As Senate Republicans work on the floor to pass a compromise budget resolution, fiscal watchdogs are warning that permanently extending President Donald Trump’s tax cuts will have dire consequences. The Senate’s amendment to the House’s $4.5 trillion budget resolution would theoretically subtract $3.8 trillion from the price tag by adopting a current policy baseline, which treats renewing the 2017 Tax Cuts and Jobs Act as a continuation of current law rather than new policy. The unconventional tactic would also allow the TCJA to become permanent since it puts the costs of extension at zero.
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Senate’s Budget Policy Change Sparks Debate
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