Income Taxes Articles

Taxation & Representation: Senate Unveils Tax Package That Could Reshape 2025 Policy – Read the Highlights

Senate Finance Committee Releases Full Text of Tax Package: On June 16, Senate Finance Committee Chairman Mike Crapo (R-ID) released text of the committee’s tax title for the Senate’s fiscal year (FY) 2025 budget reconciliation bill, as well as a section-by-section...

Tax Update: Senate Republicans Release Tax Text

We’ve completed our initial analysis of the Senate Finance Committee’s legislative text. Below is a detailed summary along with key supporting documents. TCJA Extension – As with the House-passed bill, the legislation makes permanent or extends several...

Will “The One Big Beautiful Bill” Deliver for Family Businesses? Pat Soldano breaks it down.

‘Big Beautiful’ tax bill gets Senate review as family businesses anticipate tariff impactBy Pat Soldano | Family Business Magazine As the “One Big Beautiful Bill Act” winds through Congress, family-owned businesses are watching closely. The bill includes...

Tax Update: Senate Republicans Finalizing Tax Bill Changes

Senate Republicans continue to weigh counterproposals to key provisions of the House-passed reconciliation package, the One Big Beautiful Bill Act (H.R. 1), this week as the Senate races to pass the tax and spending bill by July 4. On Wednesday, Senate Finance...