Stakeholders are just beginning to evaluate key tax policy changes in Republicans’ multi-trillion-dollar reconciliation package, known as the One Big Beautiful Bill Act (OBBBA), including the long-term impact of several new and modified business tax reforms. Nevertheless, less than one week after final passage of OBBBA, key congressional leaders, including House Budget Committee Chairman Jodey … Continue Reading
In the flurry of developments last week in the run-up to the inauguration, it was easy to overlook one that could have significant and positive impact by making government more effective, efficient, and economical. On January 17, 2025, Senators Joni Ernst (R-IA) and Chuck Grassley (R-IA) announced the launch of a bipartisan Inspector General Caucus. … Continue Reading
Originally published by Bloomberg Tax Businesses should prepare to defend against trillions of dollars in adverse tax changes in 2025 as Congress considers how to pay for extensions in the Tax Cuts and Jobs Act—despite pledges from Republicans to protect their signature 2017 law. Congressional leaders are preparing to consider major tax legislation under expedited … Continue Reading
