Last week, the House passed a budget resolution that lays the groundwork for extending the 2017 Tax Cuts and Jobs Act tax cuts at a cost of $4.5 trillion and sets a goal of $2 trillion in spending cuts. In addition, the budget resolution also proposes a $4 trillion increase in the federal debt limit. Listen today for an update on these items, the Senate’s current plan for tax reform, and how these actions may impact the future of tax-exempt debt.
(March 5, 2025)
Last week, the House passed a budget resolution that lays the groundwork for extending the 2017 Tax Cuts and Jobs Act tax cuts at a cost of $4.5 trillion and sets a goal of $2 trillion in spending cuts. In addition, the budget resolution also proposes a $4 trillion increase in the federal debt limit. Listen today for an update on these items, the Senate’s current plan for tax reform, and how these actions may impact the future of tax-exempt debt.
(March 5, 2025)
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