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Mar 8, 2024 | 
lexology.com | Russell Sullivan |Mark Warren |David Ransom |Harold Hancock |Rosemary Becchi |Radha Mohan | +4 more
President Joe Biden delivered his third State of the Union address on March 7, emphasizing the tax-policy priorities that will continue to take center stage in his ongoing presidential campaign. Similar to last year’s address, Biden devoted a portion of his speech to highlighting the tax legislation signed into law during the first three years of his term—contrasting it with Republicans’ 2017 Tax Cuts and Jobs Act (TCJA).
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Jan 4, 2024 | 
lexology.com | Russell Sullivan |Mark Warren |David Ransom |Rosemary Becchi |Harold Hancock |Radha Mohan | +4 more
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 of the consequential Moore tax case before the Supreme Court, and implementation of the global minimum-tax regime. A brief discussion of these and other issues arising in the new year are presented below.
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Jun 12, 2023 | 
lexology.com | Russell Sullivan |Mark Warren |Harold Hancock |David Ransom |Charlie A. Iovino
House Ways and Means Committee Chairman Jason Smith (R-MO) unveiled committee Republicans’ economic-growth package on June 9, introducing three individual bills that encompass tax provisions relevant to a broad cross-section of the U.S. economy.
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May 31, 2023 | 
jdsupra.com | Rosemary Becchi |Harold Hancock |Charlie A. Iovino
OverviewOn Saturday, May 27, House Speaker Kevin McCarthy (R-CA) and President Joe Biden reached an agreement to suspend the debt ceiling until January 2025 in conjunction with new spending reforms intended to reduce the federal deficit.
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May 30, 2023 | 
lexology.com | Rosemary Becchi |Harold Hancock |Charlie A. Iovino |Daniel Joseph |Radha Mohan |Russell Sullivan | +1 more
OverviewOn Saturday, May 27, House Speaker Kevin McCarthy (R-CA) and President Joe Biden reached an agreement to suspend the debt ceiling until January 2025 in conjunction with new spending reforms intended to reduce the federal deficit.
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May 17, 2023 | 
jdsupra.com | Rosemary Becchi |Harold Hancock |Charlie A. Iovino
OverviewThe Treasury Department and the Internal Revenue Service (IRS) released IRS Notice 2023-38 (Notice) on May 12, 2023, providing interim guidance on domestic-content requirements under the Inflation Reduction Act (IRA).
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May 16, 2023 | 
lexology.com | Rosemary Becchi |Harold Hancock |Charlie A. Iovino |Gregory Janssen |Daniel Joseph |Radha Mohan | +2 more
OverviewThe Treasury Department and the Internal Revenue Service (IRS) released IRS Notice 2023-38 (Notice) on May 12, 2023, providing interim guidance on domestic-content requirements under the Inflation Reduction Act (IRA).
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Apr 28, 2023 | 
jdsupra.com | Rosemary Becchi |Harold Hancock |Charlie A. Iovino
OVERVIEWOn Wednesday, April 26, the House of Representatives voted to pass the GOP proposal to avert the impending government default—the Limit, Save, Grow (LSG) Act. The measure was advanced by a margin of 217-215, with four Republican lawmakers—Reps. Tim Burchett (R-TN), Matt Gaetz (R-FL), Ken Buck (R-CO) and Andy Biggs (R-AZ)—siding with all present members of the Democratic caucus to oppose the legislation.
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Apr 27, 2023 | 
lexology.com | Russell Sullivan |Mark Warren |Michael Marn |Rosemary Becchi |Harold Hancock |Charlie A. Iovino | +2 more
OVERVIEWOn Wednesday, April 26, the House of Representatives voted to pass the GOP proposal to avert the impending government default—the Limit, Save, Grow (LSG) Act. The measure was advanced by a margin of 217-215, with four Republican lawmakers—Reps. Tim Burchett (R-TN), Matt Gaetz (R-FL), Ken Buck (R-CO) and Andy Biggs (R-AZ)—siding with all present members of the Democratic caucus to oppose the legislation.
