KPMG Catching Up On Capitol Hill

The massive Tax Cuts and Jobs Act, TCJA, and the process in enacting it, was contemporaneously and subsequently referred to as tax reform. Build Back Better -BBB, of similar scale and ambition was not. Why one and not the other? And does this tell us anything about the coming legislative process of 2025? Listen as protagonists of the TCJA and BBBA, Jen Acuña and Dan Winnick join John Gimigliano to reflect on what is 'reform' and whether it's really just a state of mind.

Kamala Harris' tax plan covers familiar territory, weaving in many Biden-era proposals. But it also seeks new ground, with tax cuts for families and businesses. Listen as John Gimigliano and Dan Winnick revisit Biden Administration Green Book revenue raising proposals and then discuss Harris' proposals for new tax cuts.

Republican nominee Donald Trump has not released a formal tax plan. Still, he has frequently spoken about several tax ideas, some novel. So then, what exactly is the Trump tax plan? Listen as John Gimigliano, Jennifer Gray, and Tom Stout dig into former President Trump's stated tax ideas to understand better what the Trump campaign is proposing and what a second Trump term might bring.

John Gimigliano and Jen Acuna kick off Season 4 and introduce the theme for the year, the Tax Cliff. Listen as Jen takes a stroll down memory lane and explains how, and why, Congress set up a looming 4 trillion dollar tax increase.

How seriously should we take this latest effort to restore the deductibility of R and E costs, interest, and capital expenditures?

Congress has gone for the year and so has hope for any tax legislation in 2023. How did we get to this point and is there any hope for 2024? Listen as John Gimigliano, Jennifer Acuna, and Tom Stout perform a post-mortem on the year that was and look forward to the year that will soon be.

What's on the fall agenda for Congress after the August recess? Do taxes fit in?

Discussing legislative negotiations in Washington and how the divided Congress could come to terms with Pillar Two

Discussing the House Ways and Means extenders bill-will expired business items, including R and E expensing, interest deductibility, and bonus depreciation, be extended?

Discussing the Biden Administration tax policy priorities in its FY24 Green Book and why these tax proposals warrant review