Tax Brief: House Passes Senate Budget Framework that Extends 2017 Tax Cuts

Passage by both chambers is a critical step in the process for budget reconciliation legislation.

The House of Representatives passed its budget resolution 216-214 on April 10, 2025, following Senate passage of the resolution last week. The bill would implement a major part of President Donald Trump’s agenda by allowing up to $5.5 trillion in net tax cuts over 10 years ($4 trillion for the extension of the TCJA and $1.5 trillion for additional tax c…