KPMG Catching Up On Capitol Hill

As we near the tax cliff of 2025, Republicans have said they intend to use the process of budget reconciliation to prevent expiration of many of 2017's tax cuts. The rules governing reconciliation are infamously Byzantine, even by Washington standards. So how does this process affect the final product? Listen as John Gimigliano, Jennifer Acuna, and Dan Winnick explore how the process of enacting tax legislation via reconciliation could shape the content, timing, and even the odds for a tax bill.

It seems all of Washington is asking the question - will Republicans push their agenda with one large bill in 2025 or two smaller ones? Listen as John Gimigliano, Jennifer Gray, and Tom Stout kick off 2025 by discussing this question including why it matters for timing, content, and probability of a tax bill.

Listen as protagonists of the TCJA and BBBA, Jen Acuna 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