Tax Notes | House Looks to Assert ‘First Mover’ Status on Tax Bill

As House Republicans continue their efforts to advance a reconciliation package, Trump Administration agency heads will testify before Congress on their funding requests for the 2026 fiscal year. Meanwhile, the Administration announced the United States and China have significantly reduced tariffs for 90 days, giving the countries more time to work on a longer-term trade agreement.

Joe Boddicker is quoted on the strategies negotiators may use in the initial stages of reconciling differences in the House- and Senate-passed tax bills.

This week, the House takes up the Senate-passed budget resolution. Speaker Mike Johnson (R-LA) hopes for passage before the upcoming two-week recess, but key differences remain over the spending cuts needed to offset the tax measures. Meanwhile, President Trump will meet with Israeli Prime Minister Benjamin Netanyahu today to discuss the war in Gaza as well as last week’s larger-than-anticipated tariffs.

Joe Boddicker is quoted on how Congress may score the tax changes proposed in the budget reconciliation package.

On Wednesday, the Trump Administration will mark what it’s calling “Liberation Day” by launching an array of reciprocal tariffs on various countries. In Congress, House and Senate GOP leaders will continue to reconcile their bodies’ differing budget resolutions. And the House will vote on a bill to restrict federal judges’ ability to issue injunctions blocking administrative policies.