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Alston & Bird

Look Ahead to the Week of March 3: Trump Addresses Congress

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Both the House and Senate are in session this week. Last week, House Republicans were able to coalesce in dramatic fashion to pass a budget resolution that creates a process to combine President Trump’s tax policy and other...more

Alston & Bird

Look Ahead to the Week of February 24: House Tackles Budget Resolution, Shutdown Worries Continue

Alston & Bird on

Both the House and Senate are in session this week. Last week, the Senate took its first step to unlock the budget reconciliation process by adopting its budget resolution on a 52-48 vote. Senate Republicans are preparing to...more

Bergeson & Campbell, P.C.

March 14, 2025, Looming as Important Date for Congressional Republicans and President Trump, and May Provide Leverage to Democrats

March 14, 2025, looms as an important deadline in the middle of President Trump’s first 100 days in office, a milestone often used to evaluate the effectiveness of a new President. March 14 is the day that the American Relief...more

Woodruff Sawyer

Our ‘Goldilocks’ Economy & What’s Coming Next: An Update with Nasdaq

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A recession averted, inflation rates stabilizing, and low unemployment—all indicators suggest the economy is in solid shape. But there are threats on the horizon. With the highly charged election behind us and a new...more

A&O Shearman

How will the Trump administration impact M&A?

A&O Shearman on

M&A practitioners anticipate a ‘Trump bump’ - The scale of Donald Trump’s victory in the presidential election – and the fact the Republicans now have full control of Congress – has been greeted with optimism by U.S....more

Brownstein Hyatt Farber Schreck

The White House Releases FY 2025 Budget Tax Priorities

Earlier today, the White House released its fiscal year (FY) 2025 budget request to Congress. Overall, it proposes $7.3 trillion in total spending, including a proposed $895 billion for defense and approximately $621 billion...more

Brownstein Hyatt Farber Schreck

A Look Ahead into Tax Policy in 2024

As Congress heads into 2024 and President Biden starts the last year of his term, a host of tax issues remain unaddressed, including a much-anticipated expiring tax provisions package, pending regulatory guidance, the outcome...more

Brownstein Hyatt Farber Schreck

White House Releases FY 2024 Budget Request

Earlier today, the White House released its fiscal year (FY) 2024 budget request to Congress. Overall, it proposes $6.9 trillion in total spending, including a proposed $880 billion for defense and approximately $992 billion...more

Foley & Lardner LLP

Priorities of the 118th Congress and the Biden Administration

Foley & Lardner LLP on

As the final votes of the 2022 Midterm Elections are counted, Republicans have taken back control of the House of Representatives, while the Democrats will retain control of the Senate. Both chambers will be held by extremely...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 32

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Outlook for This Week in the Nation’s Capital - Congress. The House and Senate are both in recess until Labor Day. Once they return, they will have a packed to-do list ahead of the November elections, which may include...more

McDermott Will & Schulte

The Inflation Reduction Act: Overview of New Corporate Minimum Tax

On August 7, 2022, the US Senate passed the Inflation Reduction Act of 2022 (the Act), a budget reconciliation bill recently introduced by Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV). The bill...more

Bailey & Glasser, LLP

BG Tax Alert - Take Two: Biden’s Budget Proposes Tax Hikes

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On March 28, 2022, President Biden announced his 2023 federal budget (Budget), which is often referred to as the President’s Green Book. While much of the Budget harkens back to the “Build Back Better Framework” (Framework),...more

Cadwalader, Wickersham & Taft LLP

A Pocket Guide to the 2023 Budget Proposals

On March 28, 2022, the Biden Administration released its budget proposal for Fiscal Year 2023 (the Budget). We summarize below the tax aspects of the Budget of particular interests to U.S. corporate taxpayers, financial...more

Brownstein Hyatt Farber Schreck

White House Releases FY 2023 Budget Request

The White House released its fiscal year (FY) 2023 budget request on Monday. Overall, it proposes $5.8 trillion in total spending, including a proposed $813 billion for defense and about $769 billion in non-defense...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, March 22, 2022

CPC Recommends Executive Action. Congressional legislative action generally slows during election years, particularly as November draws closer. With primary season heating up, some Democrats are anticipating fewer and fewer...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 6

Clark Hill PLC on

The Senate is in session this week, and the House has a committee work period. The Senate plans to vote on nominee confirmations, on U.S. Postal Service reform legislation, and on the House-passed continuing resolution (CR)...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, January 11, 2022

Tax Tidbit - Budget Reconciliation: By the Numbers. Since 1980, Congress has passed 26 budget reconciliation bills, 22 of which have become law. During 11 of those 41 years, Congress did not pass any budget reconciliation...more

Proskauer - Tax Talks

Senator Manchin Announces That He Will Not Support the Build Back Better Act – Where Things Stand Now

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Yesterday, on December 19, 2021, Senator Joe Manchin (D., W.Va.) said that he opposes the Build Back Better Act, which effectively prevents its passage.  While there are no immediate prospects for the Build Back Better Act to...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, November 30, 2021

Tax Tidbit - Year-End Legislative To-Dos. Washington has been consumed by President Joe Biden’s twin legislative vehicles: the Infrastructure Investment and Jobs Act and the Build Back Better Act—only one of which has been...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, November 2, 2021

The Brownstein Tax Policy Team is currently combing through the 1,600-plus pages of budget reconciliation text released last week. Below is a truncated version of Taxation & Representation that provides the latest on the...more

Cadwalader, Wickersham & Taft LLP

House Passes Build Back Better Act

Here's a summary of the tax provisions in the Build Back Better Act, as passed by the House. I. Introduction - On November 19, 2021, the House of Representatives passed the Build Back Better Act (the BBBA)....more

Vinson & Elkins LLP

Clean Energy Tax Proposals in Biden’s New “Build Back Better” Framework

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Faced with opposition from within his own party, President Biden last week unveiled a new, pared down framework for his “Build Back Better” agenda. Following release of the president’s framework, H.R. 5376 (the “Build Back...more

Brownstein Hyatt Farber Schreck

President Biden Proposes Build Back Better Framework

This morning, President Biden proposed a framework agreement for the Build Back Better Act that contains $1.75 trillion in topline spending and $1.995 trillion in spending offsets (including $400 billion relating to IRS...more

Brownstein Hyatt Farber Schreck

Taxation & Representation, October 26, 2021

Negotiations Update. After months of negotiation, Democrats appear close to an agreement between the White House, progressives and influential moderate Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) on budget...more

WilmerHale

In Case You Missed It: Launch Links - October 2021 #4

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Some interesting links we found across the web this week: The US Infrastructure Bill is a Huge Opportunity. Let’s Not Waste It. In the $1 trillion bipartisan infrastructure bill, there is $100 million dollars...more

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