Working with the Energy and Commerce and the Agriculture Committees, the U.S. House of Representatives’ Ways and Means Committee advanced its portion of the “One, Big, Beautiful Bill Act”...
As housing shortages increase, real estate developers are undertaking projects to meet the demand in many parts of the country. Explore this practice note discussing special protections and benefits for...
In today’s M&A landscape, earn-out arrangements offer a way to link a portion of the deal’s value to future performance, benefiting both buyers and sellers. However, without clearly defined...
This practice note addresses government guidance on pharmaceutical pricing, pricing in monopolistic markets, pricing in oligopolistic markets, and liability risks. Read now » Related Content...
Do you need to understand state anti-discrimination provisions and protected classes applicable to public and private employment? Review our recently published Employment Discrimination Protected Classes...
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.
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.
Read now »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+