Tax Reform, Tax Liability, Ways and Means Committee

No Tax on Tips—But What About Overtime and Social Security?

Amundsen Davis LLC on 6/23/2025

Earlier this year, many low-income taxpayers were elated to learn about the possibility that tipped wages could receive federal income tax relief under the No Tax On Tips Act. Under President Trump’s “One, Big Beautiful...more

The One Big Beautiful Bill’s impact on investments in BDCs

Eversheds Sutherland (US) LLP on 5/28/2025

On May 14, 2025, the House Ways and Means Committee approved the so-called “One Big Beautiful Bill” (Bill). We have issued several other alerts regarding the Bill. Among other tax provisions, the Bill includes two provisions...more

Unpacking the big beautiful international tax provisions of the One Big Beautiful Bill

Eversheds Sutherland (US) LLP on 5/21/2025

On May 12, 2025, the House Committee on Ways and Means (WMC) released a draft of the tax provisions of the highly anticipated budget reconciliation bill, referred to as the “One Big Beautiful Bill” Act (OBBB), and on May 14,...more

Trump’s Returns and Congress – Lessons, Next Steps?

Rivkin Radler LLP on 1/5/2023

Last Friday, December 30, 2022, during the final hours of the 117th Session of Congress, the House Ways and Means Committee – through which all tax legislation passes – released redacted versions of six years of Mr. Trump’s...more

Taxpayer Fairness Across the IRS

Brownstein Hyatt Farber Schreck on 5/19/2022

On Tuesday, May 18, the House Ways and Means Subcommittee on Oversight held a hearing on taxpayer fairness at the Internal Revenue Service (IRS). Testifying before the committee were Commissioner for Wage and Investment and...more

House Ways and Means Committee Proposes Reduction of QSBS Exclusion

Cozen O'Connor on 9/28/2021

On September 15, 2021, the House Ways and Means Committee approved its draft tax legislation that was released on September 13, 2021, as part of the “Build Back Better” budget reconciliation program. Included in the draft...more