In today’s video, I discuss the progress that Congress has made on the federal budget, taxes and how the debate is shaping up for spending and revenue. This looks to be a big week for the future of tax policy. Will the TCJA be made permanent? If so, how will it be funded? Will tariff revenue help? Will the IRA of ‘22 spending be cut? What about bonus depreciation and Sec. 179? Will there actually be a Code section for residual fertilizer supply? What about SALT and the child tax credit? What about the non-TCJA tax provisions that the President wants?
These are the items I address in today’s video. This entire legislative process is an important one to monitor for purposes of properly advising clients.
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