Popular, Federal Budget, Tax Credits

What Employers Should Know About the One Big Beautiful Bill Act (OBBBA)

Sheppard Mullin Richter & Hampton LLP on 7/25/2025

On July 4, 2025, H.R.1, or what is being called the One Big Beautiful Bill Act (“OBBBA”), was signed into law, introducing major reforms in tax and employee benefits that affect businesses and their employees. OBBBA is an...more

Rolling back renewable energy tax credits: Senate passes One Big Beautiful Bill

Eversheds Sutherland (US) LLP on 7/7/2025

On July 1, 2025, the Senate passed One Big Beautiful Bill (OBBB) in a 51-50 vote, with Vice President J.D. Vance casting a tiebreaker vote. Although the House of Representatives previously passed its own version of OBBB (see...more

House Bill Accelerates Phaseout of Clean Energy Tax Credits and Restricts Leasing and Transferability

Paul Hastings LLP on 5/27/2025

On May 22, 2025, the U.S. House of Representatives passed House Bill 1, officially titled the “One Big Beautiful Bill Act” (OBBBA). This budget reconciliation bill includes significant energy-related provisions that would...more

2025 Budget Resolution Update: Tax Implications

Goodwin on 2/25/2025

On February 13, the House Budget Committee, voting 21-16 along party lines (Republicans in favor and Democrats opposed), passed a 2025 budget resolution. The bill does not expressly reference the Tax Cuts and Jobs Act of 2017...more

Window on Washington – Vol. 6, Issue 34

Clark Hill PLC on 9/14/2022

Outlook for This Week in the Nation’s Capital - Congress. Both the House and Senate are in session this week. The Senate has several lingering priorities in addition to confirmation votes, including a promised vote on...more

The IRA’s transformative tax incentives for solar energy projects and manufacturing operations

Hogan Lovells on 8/15/2022

The Inflation Reduction Act (IRA), as passed by the House and Senate, is a major political achievement for the Biden Administration, Senate Majority Leader Chuck Schumer (D-NY), and Democrats of the 117th Congress. This is...more

Window on Washington – Vol. 6, Issue 31

Clark Hill PLC on 8/9/2022

Outlook for This Week in the Nation’s Capital - Congress. After a busy weekend voting on the reconciliation bill, the Senate is now in recess through Labor Day. The House, in recess since late July, returns this week on...more

Building Back Better, April 20, 2021

Brownstein Hyatt Farber Schreck on 5/5/2021

WHAT TO WATCH THIS WEEK - - Republican Counterproposal. Senate Republicans are crafting a counter-proposal as an alternative to President Joe Biden’s American Jobs Plan (AJP). The package is expected to cost around $600 to...more

Building Back Better, April 13, 2021

Brownstein Hyatt Farber Schreck on 5/5/2021

WHAT TO WATCH THIS WEEK - - White House Selling AJP. As the administration seeks to gain bipartisan support for its American Jobs Plan (AJP), President Joe Biden will be holding a series of meetings with lawmakers to discuss...more

Building Back Better, March 23, 2021

Brownstein Hyatt Farber Schreck on 4/14/2021

Note: Congress recently voted on a $1.9 trillion COVID-19 stimulus package—the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines,...more

Year-End Spending Bill Includes Tax Extenders, Disaster Tax Relief

Brownstein Hyatt Farber Schreck on 12/18/2019

Just past midnight on Dec. 17, lawmakers released an amendment to one of two spending bills released on Dec. 16—H.R. 1865—the Further Consolidated Appropriations Act of 2020. Most notably, the amendment included an extension...more

What's New In Washington - March 2018

Akin Gump Strauss Hauer & Feld LLP on 6/7/2018

Washington saw a flurry of bipartisan activity over the last few weeks. Most notably, Republican and Democratic negotiators reached a long-awaited deal on sequestration budget caps. The compromise, announced on February 7 as...more

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