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Accounting for Income Taxes Insights

Washington Tax Insight October 2021

Politics and Congressional Activity Congress has been actively working in 2021 on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and the budget for Fiscal Year 2022 that he forwarded to Congress in the spring.  After enacting additional pandemic-relief legislation, Congress then moved on to infrastructure legislation, which was approved in the Senate and is awaiting final action in the […]

October 8, 2021

International Tax Reform: Proposals from the House, the Senate, and the Biden Administration

Congress has been actively working in 2021 on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and the budget for Fiscal Year 2022 that he forwarded to Congress in the spring.  After enacting additional pandemic-relief legislation, Congress then moved on to infrastructure legislation, which was approved in the Senate and is awaiting final action in the House. The major legislation […]

October 6, 2021

Washington Tax Insight September 2021

Politics and Congressional Activity The fall agenda for Congress will be busy and challenging; work must be completed on the infrastructure legislation, the budget reconciliation legislation, and the fiscal year 2022 government funding spending package along with addressing the debt ceiling limit.  The House returns to Washington for votes starting on September 20th, but there are two weeks designated as “committee work weeks” prior to that and the two tax-writing […]

September 13, 2021