As discussed in our alert earlier this week, the recently announced proposed reconciliation package—the Inflation Reduction Act of 2022, H.R. 5376 (the “Bill”)—would impose a new 15% minimum tax on ...

The proposed “book tax” in the Senate’s reconciliation bill “would overwhelmingly hit U.S. manufacturers,” according to a new analysis by the Joint Committee on Taxation, Congress’s non-partisan tax ...

President Trump's "big, beautiful bill" extending the expiring provisions of the Tax Cuts and Jobs Act and adding more tax breaks is making progress in Congress, with key moves expected in May after ...

Last week, Sen. Joe Manchin, (D-WV), and Senate Majority Leader Chuck Schumer, (D-NY), announced a budget reconciliation deal that would raise taxes on corporations and high-income households to ...