Rep. Jason Smith outlines a $4.6 trillion reconciliation bill for next year, focusing on tax cuts and other Trump priorities.

Rep. Jason Smith, head of the House Ways and Means Committee, anticipates a major reconciliation bill next year covering President Trump's top priorities like tax cuts, energy, and immigration. With a narrow 217-215 majority, Smith acknowledges the challenge in gaining agreement on key tax issues, including corporate and individual tax measures. The bill could cost around $4.6 trillion, primarily due to extending Trump's 2017 tax cuts.

December 04, 2024
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