Tax Legislative Halftime Report #126

Headlines are swirling in Washington D.C. on a bipartisan infrastructure deal in the U.S. Senate and a $3.5 trillion budget reconciliation deal between Senate Democrats.  Host Damien Martin cuts through the static of the latest tax-related developments with guest Travis Lucas, managing principal of The Lucas Law Firm, and also checks in with BKD partners Chris Doolittle and Randy Throener to hear how taxpayers are reacting and planning amid uncertainty.  Listen to get answers to these questions: How are taxpayers approaching planning with so much unknown at this point? [02:58] Is the upcoming 2022 election playing a role in the current negotiations? [10:13] What areas are colliding in Washington right now [12:18] Why is it important to count the votes and what’s budget reconciliation again? [14:45] How might the tight margins of control in Congress impact the outcome [16:57] Where are we on possible higher capital gains rates and what are the odds of retroactive enactment? [22:14] Learn more about Travis, Chris and Randy and get the additional resources mentioned in the episode here!  GET MORE SIMPLY TAX We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to [email protected]. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube