LANSING — Congressman Tim Walberg is supporting a House-passed rescissions package and reconciliation effort aimed at preserving key provisions of the 2017 Tax Cuts and Jobs Act.
Walberg discussed the legislation during a recent in-district update. He said the rescissions package, requested by the president, would eliminate unspent federal allocations and offset spending to extend the 2017 tax cuts. The reconciliation bill, currently under review in the Senate, is part of a broader effort to maintain the economic benefits tied to the law.
According to Walberg, the House plan supports tax relief that has lowered the burden for families and small businesses. He cited estimates that the tax law has saved the average family about $1,700 annually and increased worker wages by as much as $3,000. The reconciliation process is also designed to meet budget requirements, with mandatory spending reforms under review by the Senate parliamentarian.
Walberg said the tax cuts have helped individuals and employers alike, and maintaining them requires responsible budgeting. He argued the effort is about protecting economic gains for working Americans, not politics.
The reconciliation package must clear Senate rules before moving forward. A final version could reach the president’s desk in July.