Date: 4/24/2025 | Author: Bill McDevitt, CPA
House Republicans are planning to bring Tax Legislation to the floor during the week of May 19, which is the final week the House is in session before the Memorial Day recess.
This timeline makes it unlikely that the Tax Legislation will reach the President’s desk before Memorial Day—a target date that few considered realistic to begin with. It remains to be seen whether the package will be ready for a floor vote by the week of May 19, as significant work remains. Drafting the legislative language is only part of the challenge; reaching consensus on what to include and exclude is often more difficult.
The working title of the Republican reconciliation package is the “Renewing the American Dream Act.” It is yet to be determined whether President Trump will accept this title or its acronym, RADA.
