Richard Burness

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2025 Tax Bill – Summary and Analysis

On Monday, May 12, House Ways and Means Committee (“Committee”) Chairman Jason Smith (R-MO) released text of the Committee’s tax title for the FY 2025 budget reconciliation bill—the amendment in the nature of a substitute...more

5/19/2025 / Budget Reconciliation , Corporate Taxes , Federal Taxes , Income Taxes , New Legislation , Proposed Legislation , Tax Cuts and Jobs Act , Tax Rates , Tax Reform , Taxation

Ways and Means Committee Republicans Release Pillar Two Remedies Proposal

House Ways and Means Committee Chairman Jason Smith (R-MO) and committee Republicans released legislation on May 25, 2023, in response to the Pillar Two global minimum tax negotiated by the Organisation for Economic...more

5/26/2023 / Corporate Taxes , Foreign Corporations , Foreign Nationals , Foreign Policy , Income Taxes , International Tax Issues , Tax Rates , Tax Reform , U.S. Treasury , Ways and Means Committee

Ways and Means Budget Reconciliation Recommendations, Subtitle I: Summary and Analysis

On Monday, Sept. 13, House Ways and Means Committee Chair Richard Neal (D-MA) introduced the final portion of the committee’s budget reconciliation recommendations. This alert provides a comprehensive summary and analysis of...more

9/16/2021 / Budget Reconciliation , Business Taxes , Corporate Taxes , Income Taxes , IRS , Legislative Agendas , Tax Code , U.S. House

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