Hill Watch: Republicans’ Reconciliation Plan Moves Forward

The GOP’s 2025 agenda is shaping major policy changes with significant implications for budgets, taxes, and governance. Stay ahead with Bloomberg Government’s comprehensive Hill Watch OnPoint covering the major proposals and deadlines.

Top priorities:

• Tax cuts: Extending 2017 tax reforms amid party divisions over deficit impacts.
• Spending reductions: Targeting $2 trillion in cuts to programs like Medicaid and SNAP.
• Debt ceiling: Integrating an increase into budget plans before a fall deadline.
• Border security: Boosting funds for walls, agents, and deportations.

Key dates:

• May 9: Reconciliation plans due.
• September 30: Budget deal or government shutdown.
• December 31: Tax cuts and ACA subsidies expire.

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