KPMG report: Ways and Means tax proposals relating to infrastructure, energy, housing, retirement, and social safety net
Incentives and benefits—for infrastructure, green energy investment, housing, and for various social programs—are the subject of this report.
Relating to infrastructure, energy, housing, retirement, and social safety net
| The discussion below ultimately resulted in action by the Ways and Means Committee which on September 15, 2021, approved a tax legislative package. Read a KPMG report [PDF 2.3 MB] (203 pages) that provides a summary and analysis of the tax proposals: “Build Back Better Act” tax proposals, as approved by Ways and Means (September 16, 2021) |
House Ways and Means Committee Chairman Richard E. Neal (D-MA) released legislative tax proposals on Friday, September 10. Retirement tax savings proposals also were approved by the Ways and Means Committee on September 9, 2021. KPMG LLP has prepared a report on these proposals.
These proposals are part of a larger legislative effort by the Ways and Means Committee to contribute to the Build Back Better Act moving through the House. This report does not include the tax increase proposals released by the Chairman on Monday, September 13, which will be addressed in a later KPMG summary and analysis.
The proposals summarized in this report are primarily tax incentives and tax benefits for various taxpayers. Those incentives and benefits relate to green energy investment, housing, infrastructure, and various social programs.
Read KPMG report: Ways and Means tax proposals relating to infrastructure, energy, housing, retirement, and social safety net [PDF 1.2 MB]
The Ways and Means Committee is scheduled to begin mark up of tax proposals today, September 14, with that consideration continuing tomorrow. The current schedule anticipates that the Ways and Means Committee will conclude its markup of all portions of the Build Back Better Act under its jurisdiction by the end of the day of September 15, 2021.
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