Tax Alert: Senate Republicans Approve Budget Resolution in Key Step Toward Tax Bill
On April 5, 2025, Senate Republicans voted 51-48 to adopt a budget resolution that would allow up to $5.5 trillion in net tax cuts over a decade, increase spending on border security and military, and cut spending by at least $4 billion. The Senate plan would also increase the debt ceiling by up to $5 trillion. Republicans Rand Paul and Susan Collins vo…
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