Tax Reform, Budget Reconciliation, Ways and Means Committee

Now Is the Time to Revisit Trusts & Estates Plans, as Tax Exemption Law Changes Are on the Horizon

Tarter Krinsky & Drogin LLP on 6/17/2025

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act by a single-vote margin. This bill adopted many of the recommendations of the House Ways and Means Committee, with a few changes along the...more

Three Tax Issues Manufacturers Should Watch in 2025 Budget Bill

Frost Brown Todd on 5/23/2025

On May 13, the House Ways and Means Committee voted to approve a $3.8 trillion tax bill that would make permanent much of the 2017 Tax Cuts and Jobs Act. The bill then moved to the House Budget Committee, where it was merged...more

House confirms favorable modifications to three key business tax provisions

Eversheds Sutherland (US) LLP on 5/15/2025

On May 12, 2025, the Republicans on the House Committee on Ways and Means released a draft bill showing their tax plan for the budget reconciliation legislation. The legislation will likely undergo significant changes as it...more

Budget Reconciliation: Using the Current Law vs. Current Policy Baseline

McGuireWoods Consulting on 4/17/2025

As both chambers of Congress worked to pass their versions of the budget resolution, tax writers on the House Ways and Means Committee and Senate Finance Committee, along with their respective leadership, had to decide...more

Responsibly Funding Our Priorities – House Yields Decisive Reconciliation Action

Bilzin Sumberg on 9/20/2021

As you may be aware, the House Ways and Means Committee recently approved a multitrillion-dollar tax package (the “Proposal”) that has significant tax impact on both individuals and corporations. ...more

The Budget Reconciliation Process and the “Byrd Rule”: Implications for the Ongoing Tax Reform Effort

Mintz - Public Finance Viewpoints on 11/7/2017

In order to understand the context in which the current tax reform bill, H.R. 1, is being considered, it is important to know the meaning of two bits of Washington jargon: “budget reconciliation” and the “Byrd rule.” Though...more

Private Equity and Other Carried Interest Funds - Federal Tax Policy Tip Sheet: Issue 1

Holland & Knight LLP on 10/30/2017

The U.S. House of Representatives passed the Fiscal Year (FY) 2018 budget on Thursday, Oct. 26, 2017, clearing the congressional path for tax reform legislation and providing a procedural victory for President Donald Trump...more

Tax Reform › Budget Reconciliation › Ways and Means Committee