Income Taxes Articles

On Tuesday afternoon, May 13, the Ways and Means Committee (“Committee”) started its markup of the tax title for the FY2025 budget reconciliation bill.   The Committee favorably reported the bill on Wednesday morning, May 14, by a party-line vote of 26-19. During...

Key Takeaways and Implications of this Initial Tax Language On Friday evening, Ways and Means Committee Chairman Jason Smith (R-MO) released initial legislative language for the Committee's scheduled markup on Tuesday, May 13, at 2 p.m.   In general, the 28-page...

Tax Update: House Ways and Means Committee Notices Tuesday Markup, Releases Preliminary Legislative Text   On May 9, the House Ways and Means Committee noticed a markup of its portion of the House reconciliation bill to be held on Tuesday, May 13, at 2 pm ET. ...

Budget Reconciliation Outlook—Committees Schedule Markups as Congress Addresses Details of Reconciliation Measure: After the two-week recess for Easter/Passover, congressional Republicans returned to Washington looking to finalize tax and other provisions to be...