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Congressional committees in the House and Senate are already working on tax and budget proposals that will become part of a second budget reconciliation bill.

To embed, copy and paste the code into your website or blog: With release by the White House and Treasury of initial details regarding Biden Administration proposed 2021 tax reform, a primary focus in Washington, D.C., for the next seven months or so will be expected changes to the tax code. The tax changes will be substantial and far-reaching, and will include corporate, individual and capital gains tax rate increases; international tax changes; and estate and gift tax changes. Expected Timing of Biden Administration Tax Changes Congressional committees in the House and Senate are already wo...

With the passage of the Biden Administration’s COVID-19 relief bill, the focus in Washington, D.C., has shifted to Administration plans for investment in infrastructure and related...

To embed, copy and paste the code into your website or blog: With expected passage in the next few weeks of the Biden Administration’s first COVID-19 relief bill, the focus in Washington, D.C., will shift to a second budget reconciliation bill – Biden Administration tax changes. The tax changes are expected to be substantial and far-reaching, and to include corporate, individual and capital gains tax rate increases, international tax changes, and estate and gift tax changes. Expected Timing of Biden Administration Tax Changes Congressional committees in the Democrat-controlled House and S...