Senate Finance Chair Mike Crapo released draft legislation to make 2017 tax cuts permanent and cut green new deal spending in the GOP budget bill.
US Senate Finance Committee Chairman Mike Crapo (R-Idaho) released legislative text within the Finance Committee’s jurisdiction for inclusion in Senate Republicans’ budget reconciliation bill on 16 June 2025.
“This bill prevents an over-USD 4 trillion tax hike and makes the successful 2017 Trump tax cuts permanent, enabling families and businesses to save and plan for the future.
“It delivers additional tax relief to middle-class families still recovering from record inflation under the Biden Administration. It powers the economy by permanently extending critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in their workers.
“The legislation also achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.
“I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible.”
Earlier, US President Donald Trump stated on Wednesday, 28 May 2025, that he plans to negotiate certain aspects of the “big, beautiful” tax bill, after he expressed mixed feelings about some of its provisions.
