As the Senate prepares to take up President Trump’s sweeping tax and spending package, Andrew Solomon (Sullivan & Cromwell) considers its key provisions and what happens next.
Just after midnight on Thursday 22 May debate began in the US House of Representatives on President Trump’s multi-trillion dollar tax Bill and about six hours later just before dawn the House narrowly passed the sweeping tax and spending package titled ‘One Big Beautiful Bill Act’ sending the legislation on to the US Senate. As Don Korb and I discussed in our prior article (‘Buckle up your seatbelts: why 2025 will be a bumpy ride for US tax policy’ Tax Journal 24 January 2025) the Republicans’ slender...
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As the Senate prepares to take up President Trump’s sweeping tax and spending package, Andrew Solomon (Sullivan & Cromwell) considers its key provisions and what happens next.
Just after midnight on Thursday 22 May debate began in the US House of Representatives on President Trump’s multi-trillion dollar tax Bill and about six hours later just before dawn the House narrowly passed the sweeping tax and spending package titled ‘One Big Beautiful Bill Act’ sending the legislation on to the US Senate. As Don Korb and I discussed in our prior article (‘Buckle up your seatbelts: why 2025 will be a bumpy ride for US tax policy’ Tax Journal 24 January 2025) the Republicans’ slender...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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