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.
Leaders Summit on Climate
On April 22-23 President Biden hosted the Leaders Summit on
Climate, a virtual event intended to underscore the urgency –
and the economic benefits – of stronger climate action. 40
world leaders were invited to participate in the summit, which the
White House billed as a key milestone on the road to the United
Nations Climate Change Conference (COP26) this November in Glasgow.
The event also included leaders and representatives from
international organizations, businesses, subnational governments,
and indigenous communities.
A key takeaway was President Biden s announcement that the
U.S. will commit to target reducing emissions by 50-52 percent by
Leaders Summit on Climate
On April 22-23 President Biden hosted the Leaders Summit on Climate, a virtual event intended to underscore the urgency – and the economic benefits – of stronger climate action. 40 world leaders were invited to participate in the summit, which the White House billed as a key milestone on the road to the United Nations Climate Change Conference (COP26) this November in Glasgow. The event also included leaders and representatives from international organizations, businesses, subnational governments, and indigenous communities.
A key takeaway was President Biden’s announcement that the U.S. will commit to target reducing emissions by 50-52 percent by 2030 compared to 2005 levels. Other key U.S. commitments include: