Republicans Continue to Move on Tax/Reconciliation Bill
Over the last several weeks, the House has introduced and passed out of committee 11 components of their massive budget reconciliation bill that cuts taxes, cuts various mandatory spending and invests in border security and national defense. Here are links to the committees that have passed their reconciliation proposals:
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Armed Services Committee
approved their title 35-21. This title appropriates roughly $100 billion into weapons systems, shipbuilding, and military readiness activities.
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Education and Workforce Committee
approved their title 21-14. This title largely reforms the federal student aid system by restricting eligibility and placing more financial risk on institutions of higher education.
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Financial Services Committee
approved their title 30-22. This title rescinds “green” programs under the Department of Housing and Urban Development.
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Homeland Security Committee
approved their title 18-14. This title appropriates roughly $90 billion for border security infrastructure, personnel, and training.
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Oversight and Government Reform Committee
approved their title 22-21. This title largely reforms retirement and benefit programs for federal employees.
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House Judiciary Committee
approved their title 23-17. This title largely imposes new fees on immigration applications.
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Transportation and Infrastructure Committee
approved their title 36-30. This bill appropriates funds for Coast Guard equipment and infrastructure, rescinds “Green New Deal” transportation programs, and imposes fees on electric and hybrid vehicles.
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Natural Resources Committee
approved their title 26-17. This title largely opens up federal lands to oil and gas development.
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Energy and Commerce Committee
approved their title 30-24. This title deals largely with Medicaid.
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Agriculture Committee
approved their title 29-25. This title deals with SNAP benefits and includes a $60 billion farm bill package.
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Ways and Means Committee
approved their title 26-19. This title deals with the tax code.
The House Budget Committee will bundle all portions together into a single bill to markup on May 16, 2025, ready for consideration by the whole House on the floor. If the House can pass the “One Big Beautiful Bill,” or OBBB, the Senate would begin its own deliberations, and their version would be drastically different. Republican leaders originally hoped to sign the OBBB package into law by the end of May, but their new goal for passage is July 4, 2025, but Senate staff indicated that they believe the real deadline is before the start of the August recess. Read more
here.