In a stock purchase transaction, the outstanding stock of the target company is transferred directly by its stockholders to the purchaser, with a stock purchase agreement serving as the primary governing...
Recreational cannabis continues to gain in popularity as more states legalize its use. To meet this growing demand, an increasing number of landlords are renting space to cannabis retail businesses. Both...
This practice note explains whether and how drug, medical device, biologics, and other life sciences companies should include ADR mechanisms in their contracts to resolve commercial disputes. Read now...
Do you need to understand when a U.S. employer may have to comply with U.S. labor and employment laws extraterritorially and when a foreign employer with operations in the United States is responsible...
Read this new practice note by Daniel Swanson and Julian Kleinbrodt from Gibson, Dunn & Crutcher to get up to speed on antitrust risks in intellectual property licensing. Leverage legal strategies...
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As we enter 2025, the renewal of the Tax Cuts and Jobs Act of 2017 (TCJA) is front and center for Republicans, who hold majorities in both chambers of Congress. Despite internal divisions and procedural hurdles, Senate Majority Leader John Thune aims to use budget reconciliation to expand tax relief, while House Ways and Means Committee Chair Jason Smith advocates for a single reconciliation measure. Key provisions set to expire include the higher standard deduction and child tax credit. The debate over the $10,000 SALT deduction cap is crucial, with potential revenue offsets from repealing SALT, mortgage interest deductions, and clean energy tax incentives. The Congressional Budget Office projects that extending the TCJA could increase the federal debt by $3.7 trillion by 2034. Understanding the original TCJA is crucial, as it lays the foundation for the current legislative efforts and highlights the significant changes and impacts that are now under review for renewal.
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