House Budget Would Extend Individual TJCA Provisions

On June 19, 2018, the House Budget Committee released a 10-year budget plan that, if passed, would provide a vehicle to extend the individual tax provisions enacted under the TJCA past their current expiration date in 2025 through the budget reconciliation process. To help reduce the cost of extending the cuts, the budget plan requires committees to submit legislation to reduce the federal deficit by $150 billion over the next ten years. The committee has not yet announced a timeline for passage of the budget proposal or any additional tax legislation.

Read more: House GOP Budget Would Enable Phase 2 Tax Bill

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