Due to several Tax Cuts and Jobs Act (TCJA)1 provisions expiring at the end of 2025, next year is shaping up to be what some are already calling the Super Bowl of Tax.
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Steve Rosenthal of the Urban-Brookings Tax Policy Center reviews the GOP tax package approved by the House Ways and Means Committee, specifically the proposed individual and business tax cuts.
GOP legislation in the House aims to prevent the U.S. from participating in the multinational tax changes the Biden administration helped negotiate with the OECD.