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Washington Tax Insight January 2022

Politics and Congressional Activity The first session of the 117th Congress ended at the end of 2021 with key parts of the Biden agenda having been enacted, but without final approval of the Build Back Better Act (BBBA) or action on other key Democratic priorities, such as voting rights.  The fall mid-term elections will have an impact on what Democrats are able to accomplish in 2022 and during the remainder […]

January 13, 2022

The House-Approved Build Back Better Act: Issues Affecting Individuals

President Biden laid out an ambitious agenda in his State of the Union address and FY 2022 budget plan earlier this year, and the Democratic-controlled Congress continues to work to enact that agenda in 2021. After pandemic-relief legislation became law in early spring, Congress then moved on to infrastructure legislation, which was enacted on November 15, 2021. The major legislation in 2021 with respect to tax issues, however, is the […]

December 13, 2021

Washington Tax Insight November 2021

Politics and Congressional Activity Congressional work on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and his budget plan for Fiscal Year 2022 has accelerated this fall with major developments related to the Build Back Better legislation, which is progressing under the budget reconciliation process.   After enacting additional pandemic-relief legislation in early 2021, Congress moved on to approve infrastructure legislation […]

November 12, 2021