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One thing, however, remains certain. For a bill to become a law, the House and Senate must send to the president the same bill passed by each body. With six months to go before the largest tax hike in American history takes effect, Congress must successfully reconcile seemingly irreconcilable differences before the president’s “big, beautiful bill” becomes the law of the land. law that either increase or decrease spending and, most importantly, avoids meaning a current Republican majority of 53 seats would need at least seven Democrats to move controversial (and The so-called Trump tax cuts of 2017 lowered individual rates, lowered the corporate tax rate, and carried forth a bevy of other tax provisions that are set virtually every American taxpayer will pay says extending these tax cuts — or in other words to stop this tax hike — will cost north of $4 trillion dollars over 10 years. It will cost the federal government $4 trillion, never mind that it could also be viewed as taking $4 trillion out of the doesn’t increase the debt limit for the U.S. Department of the Treasury by September, the federal government runs out of borrowing authority to pay upcoming bills and may default on those www.rendermagazine.com coming months. This process requires is expected to cut $230 billion. In the Senate, the magic number is $1 billion in targets must be reconciled. norms have been cast aside at a breakneck pace during the early days of the second remains certain. For a bill to become a law, the House and Senate must send to the president the same bill passed by each largest tax hike in American history takes seemingly irreconcilable differences becomes the law of the land. R LOOKING FOR SHELF LIFE? With Camlin Fine Sciences you have options. You’ll get the shelf life performance you need with our NaSure® and Xtendra® antioxidant solutions, a custom application system and backed by our comprehensive customer application testing. Email: info.us@camlinfs.com | TOLL: 1-844-808-2063 Render 7
