How Budget Reconciliation Works for Tax Cut Extensions
Talking Tax19 Helmi 2025

How Budget Reconciliation Works for Tax Cut Extensions

Republicans in Congress have been working to find consensus to cement tax code changes made in President Donald Trump’s first presidency and jump-start his new administration using the budget reconciliation process. The maneuver allows Republicans with full control of Washington to avoid the Senate’s filibuster, so they can effectively move legislation without Democrats’ support. But the process is complicated and comes with many potential pitfalls. The process will be made all the more difficult for congressional GOP leadership, which must deal with the pressures of Trump's demands for tax cuts while guiding its fractious conference. House GOP lawmakers in particular will need near-uniform consensus because of its thin majority. Sarah Binder is a senior fellow in governance studies at Brookings and a professor of political science at George Washington University. She specializes in Congress and legislative politics as well as Congress’s relationship with the Federal Reserve. On today’s Talking Tax, Binder walks Bloomberg Tax reporter Chris Cioffi through the history of reconciliation since it was created in the 1970s and what lawmakers can and can't enact through the process. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690

Jaksot(430)

Talking Tax - Episode 77 - Do Proposed Regulations for §199A Provide Clarity for Business Owners?

Talking Tax - Episode 77 - Do Proposed Regulations for §199A Provide Clarity for Business Owners?

Jim Kehl of Weil, Akman, Baylin & Coleman, in Timonium MD, joins Talking Tax host Andrea L. Ben-Yosef to talk about the complicated subject of §199A, a tax code provision added by the 2017 tax act, an...

23 Elo 201813min

Talking Tax - Episode 76 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 2)

Talking Tax - Episode 76 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 2)

In Part 2, George D. Karibjanian and Richard S. Franklin of Franklin Karibjanian & Law PLLC join Talking Tax host Andrea L. Ben-Yosef to talk about how the 2017 tax act’s repeal of §682 impacts existi...

10 Elo 201819min

Talking Tax - Episode 75 - Career Tips From 2 of Accounting’s Most Powerful Women

Talking Tax - Episode 75 - Career Tips From 2 of Accounting’s Most Powerful Women

Taking the CPA exam, studying technology, and setting career goals that fit your personality should be top priorities for young female accountants, two winners of the Most Powerful Women in Accounting...

3 Elo 201822min

Hill Roundtable - Episode 75 - IRS Funding Bill Coming Up for Senate Vote

Hill Roundtable - Episode 75 - IRS Funding Bill Coming Up for Senate Vote

The House of Representatives was busy last week passing a set of tax bills related to health savings accounts and a measure to repeal the medical device tax permanently. The House is on summer recess ...

30 Heinä 20188min

Talking Tax - Episode 74 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 1)

Talking Tax - Episode 74 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 1)

George D. Karibjanian and Richard S. Franklin of Franklin Karibjanian & Law PLLC join Talking Tax host Andrea L. Ben-Yosef to talk about how the 2017 tax act affects alimony by taking away the deducti...

20 Heinä 201815min

Hill Roundtable - Episode 74 - Republicans Fine-Tune Timing for Tax Law Changes

Hill Roundtable - Episode 74 - Republicans Fine-Tune Timing for Tax Law Changes

Republicans are preparing a timeline for passing a series of tax law changes, including making the tax cuts for individuals permanent and eliminating taxes that form a key part of the Affordable Care ...

16 Heinä 20186min

Talking Tax - Episode 73 - Association Health Plans

Talking Tax - Episode 73 - Association Health Plans

Alden Bianchi of Mintz Levin and Christopher Condeluci of CC Law & Policy join Talking Tax host Andrea L. Ben-Yosef to discuss the new rules for association health plans, which change the standards fo...

5 Heinä 201818min

Talking Tax - Episode 72 - Tax Court Issues Fewer Opinions in Second Quarter

Talking Tax - Episode 72 - Tax Court Issues Fewer Opinions in Second Quarter

Fewer opinions, frequent disputes about business expense deductions, and the importance of representation. These are takeaways from a Bloomberg Tax analysis of U.S. Tax Court opinions released during...

3 Heinä 20185min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
rss-ootsa-kuullut-tasta
politiikan-puskaradio
ootsa-kuullut-tasta-2
tervo-halme
viisupodi
rss-podme-livebox
rss-asiastudio
rikosmyytit
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
radio-antro
rss-sanna-ukkola-show-verkkouutiset
io-techin-tekniikkapodcast
aihe
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-kyselytunti
rss-tekkipodi