The House and Senate are on different paths to reconciliation, but there is growing consensus that the debt limit will not be addressed in reconciliation. Speaker Johnson has set an ambiguous timeline for passage, but it has yet to be decided which baseline will be used to determine the cost of the TCJA extension. See PwC's 2025 Tax Policy Outlook for more information.  
 
IN THIS EPISODE
Chairman Dave Camp, Senior Policy Advisor, PwC’s Tax Policy Services Practice

IN CASE YOU MISSED IT
2025 Tax Policy Outlook: A year for action (01/16/25)

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