About the Project
House GOP Budget
The FY 2015 House budget is largely a restatement of the priorities that Chairman Ryan laid out in his budgets from the past several years – including prioritizing defense spending, repealing the Affordable Care Act (ACA), phasing in premium support for Medicare, block granting and reducing funding for means-tested programs, and enacting revenue-neutral tax reform.
On New Years Eve, while fireworks were going off to celebrate the arrival of 2014, a number of different tax breaks and incentives expired. These tax provisions are collectively known as the “tax extenders,” a set of breaks for activities that range from deductions for higher-education tuition to special treatment for film and TV productions to the research and experimentation tax credit. The extension of many of these tax extenders has become an annual tradition and a cause for legislative fireworks.