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07 January 2025

WCEY guide to Washington in 2025

Budget reconciliation is focus under all-Republican control

Republicans in control of the House and Senate, along with President-elect Trump, want to use the budget reconciliation process to enact several priorities, including extension of TCJA tax provisions at the end of 2025. How many reconciliation bills will be pursued — there is the opportunity for two packages in 2025 using the FY2025 and FY2026 budget resolutions — and where tax may fall have yet to be decided for certain, along with whether tax provisions will be paid for with revenue offsets and what they might be. President-elect Trump said he prefers one big reconciliation bill, possibly meaning plans for an initial reconciliation bill focused on border issues will fall away in favor of an all-encompassing effort. Some members have argued that border and tax will need to be combined to provide momentum to bring both over the finish line. Regardless, reconciliation efforts will be underway soon in the new Congress. Learn more in the attached EY publication.

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Attachment

WCEY guide to Washington in 2025

Document ID: 2025-0163

 

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