House and Senate Republicans Differ on Provisions of Proposed Tax and Spending Bill
House and Senate Republicans Differ on Provisions of Proposed Tax and Spending Bill The House of Representatives passed its version of a large tax and spending bill, referred to as the “One Big Beautiful Bill Act” (OBBBA), on May 22nd. The Senate is now considering its version of the bill, with significant differences emerging between the two chambers’ proposals. The bill aims to make many of the 2017 tax cuts permanent and includes various provisions impacting taxes and spending, including…