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Latest insights on Senate budget resolution
Part of the Tax News & Views podcast series
In this timely episode, Deloitte specialists discuss the most recent developments in the budget resolution process and their immediate implications for tax policy. Explore the challenges lawmakers are currently facing, and learn how the Senate’s latest decisions on combining spending and tax bills, using a current policy baseline, and addressing the SALT cap could shape future tax legislation.
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Latest insights on Senate budget resolution
In this special edition of the Tax News & Views podcast, host Carrie Falkenhayn is joined by Anna Taylor and John Traub to provide an up-to-the-moment analysis on the current budget resolution process. They discuss the Senate’s recent approval of an amended budget resolution, designed to unlock the budget reconciliation process. Key points include the Senate’s decision to combine spending and tax bills into one package, the use of a current policy baseline for tax cuts, and the potential implications for the state and local tax (SALT) cap. The episode also highlights the challenges faced by House leaders in aligning their budget resolution with the Senate’s approach, and the potential hurdles in passing the final bill. Don’t miss this timely update!
Assuming the House can pass the budget, we’re closer than ever to the starting line for actual tax legislation passing.
—Jonathan Traub
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