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Republicans look to fast-track tax, spending cuts but face hurdles

11/13/24 6:10 AM By Philip Brasher
KEYWORDS across-the-board tariff Bill Hoagland Bipartisan Policy Center bonus depreciation budget reconciliation process farm bill House Ways and Means Committee John Barrasso qualified business income deduction Section 199A deduction Senate Budget Committee Senate Finance Committee Supplemental Nutrition Assistance Program Tax Cuts and Jobs Act tax policy trade policy Trump tariffs

Congressional Republicans are likely to move quickly to carry out President-elect Donald Trump’s top legislative priority by extending expiring tax provisions and enacting new tax cuts, and some farm bill measures could go along for the ride.

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Philip Brasher
Editor in Chief

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