What are any taxes on costs in tax revenue?

The main element in the tax package that the Trump administration and the Republicans in Congress have been approved to pass it by the Senate as an independent procedure, although it carries a great cost.

The Senate was passed unexpectedly No tax on advice He spoke late on Tuesday when Senator Jack Rosen, De Neve. , In favor of the draft law, presented by Senator Ted Cruz, R-TEXAS. , Earlier this year with original participant sponsors. Rosen requested unanimous approval to pass the draft law, and when members of the Senate did not object to his hand, he passed the upper chamber.

“No tax on advice was one of President Trump’s main promises to the American people, which he revealed in my state in Nevada, and I am not afraid to embrace a good idea, wherever it is,” said Rosen on the draft law formulated by Cruz.

The approval of the independent Senate management occurred without a tax on the council before the council passed the broader tax package preferred by Republicans and the President Donald TrumpAnd, which also includes temporary savings without tax. Despite these differences, economists have put the cost of the procedure about $ 10 billion in developed tax revenues annually.

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The independent tax law on the advice would create a new and permanent federal tax discount of up to $ 25,000 for cash advice for qualified employees who work in it. Jobs that receive advice “Traditionally and moderately” based on a definition that the Treasury should be established. Those qualified workers will have to earn less than $ 160,000 in 2025, a number that will be modified for inflation in the coming years.

Although the Independent Senate Bill will always make change, the ruling on the draft law of the House of Representatives is similar, although the sunset is scheduled after four years. Congress often makes tax provisions or spending temporarily because budget effect effects can be lower and therefore can help legislators comply with the rules that limit Impact One of the bills that was considered through the reconciliation process.

A recent analysis of the Non -Performance Foundation Legislation by the non -partisan Peter Pterson Foundation, as part of a wider look at the “One Big and Beautiful” tax package at home, found that the ruling will It costs about 40 billion dollars In renewable tax revenues over a decade, with costs of $ 10 billion annually for four years before sunset.

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Brett Lubber, the Petr GJ Business Policy Vice President, told the Peter Ji Pterson, Fox Business. Impact on economic growth Looking at the modest relief it provides for a relatively small sub -group of American workforce.

“I think this will have a little effect on the economy. You are talking about a very small number of workers who will be eligible for that, which is similar to 1.7 % of the workforce, and the amount of tax reduction that they will get is relatively modest,” said Lotber. “I think you can offer arguments, for any benefit you will get from these individuals who have additional salaries at home, you can indicate the additional cost to keep this debt that the government will have to issue in order to cover this unimportant tax ruling.”

Luber added that Congress has “an exclusive number of ways in which other revenues can be found to compensate for these types of provisions, and that the Senate does not do that, and the house, while they have a slightly different approach with the maximum for four years, they do not do it too. In both cases, only we are only. Tax discounts to finance deficit“

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The non -partisan committee on the responsible federal budget (CRFB) in the law of no tax on the Senate advice is estimated at the cost of $ 100 billion or more over a decade, which was criticized by the President of CRFB Maya Macguineas to add it to National debt.

“Chefs does not even start to do so. This last vote for not providing any tax on advice is especially terrible because it indicates that the only thing that the Senate in the United States seems to be able to agree on it unanimously is that they want to provide more tax cuts and ignore the potential impact on the national debt, which we can exceed more than $ 100 or more on entering.”

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She added: “This policy is not only expensive, but it also benefits from a specific group and is not the way we must deal with the design of the tax policy.” “The complete target of tax reform is to reduce sculpture and expand the tax base, and not to narrow them more by giving specific industries boxes.”

Charles Cretz from Fox News Digital contributed to this report.