Biden Administration Tax Legislation
At the outset of his administration, President Biden proposed major tax changes as part of his policy initiatives. With narrow control of the 117th Congress, Democrats enacted some significant tax law changes as part of the “Inflation Reduction Act” in August 2022. Those changes, however, were much smaller in size and scope than those initially proposed by the President. With a Republican-controlled House and a Democratic-controlled Senate in the new 118th Congress that begins in January of 2023, what might happen next?
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Stay informed about potentially significant changes to the U.S. tax landscape. You'll find resources on this page about proposed and enacted legislation during the Biden administration that can help you follow the direction of tax developments in Washington.
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Inflation Reduction Act of 2022
Insights and analysis on the tax law provisions in the "IRA"
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September 8, 2023 | Back at it: Congress returns to Washington
Podcast: What's on the fall agenda for Congress after the August recess? Do taxes fit in?
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September 08, 2023
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Catching Up on Capitol Hill
Insights from KPMG professionals on what's happening in Washington that affects business taxation
KPMG TaxWatch and other related webcasts
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KPMG TaxRadio podcasts
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June 30, 2023 | P2 and Congress: It’s Complicated
Podcast on legislative negotiations in Washington and how the divided Congress could come to terms with Pillar Two
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June 23, 2023 | Is It Happening?: House Action on Extenders
Podcast on the House Ways and Means "extenders" bill—will expired business items, including R&E expensing, interest deductibility, and bonus depreciation, be extended?
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March 29, 2023 | I Literally CAMT: Dealing with Your International Min Tax Issues
Podcast: What are the most pressing CAMT international tax issues for which taxpayers need guidance today?
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March 22, 2023 | Green Book ’24: Tax Policy in a Divided Washington
Podcast on the Biden Administration tax policy priorities in its FY24 Green Book and why these tax proposals warrant review
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January 27, 2023 | Farewell Carol: Reflections on Tax Legislation
Podcast takes a career-span look at how the tax legislative process has changed
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December 23, 2022 | No Joy in Extendersville: Taxes Strike Out
Podcast debates possible reasons Congress could not make a year-end deal on tax extenders
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November 23, 2022 | The Thanksgiving Edition: Post-Election Outlook
Podcast explores the outlook for a December deal on tax extenders
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November 8, 2022 | Technology Industry: Tax Incentives in the CHIPS Act and Inflation Reduction Act
KPMG podcast on the potential business impacts and decisions needed
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October 25, 2022 | Lame-Duck Dance: Will Extenders Waltz?
Podcast discusses whether the lame-duck session will include a "tax extenders" bill and how party priorities may affect what's in the bill
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TWIST - This Week in State Tax
What’s included: Discussion on noteworthy developments with broad applicability to taxpayers across the country. Brought to you by: KPMG Washington National Tax – State and Local Tax practice.
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Be ready for disruption - tax insights
Tax insights and analysis to help organizations respond with speed and confidence
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Global Tax Reform
BEPS and Tax Transparency: Insights on the drivers of global tax reform affecting multinational companies