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Tax Roundup

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There is a lot going on regarding taxes these days. Senate Majority Leader Chuck Schumer and Senator Joe Manchin from West Virginia are leading the discussions because Sen. Manchin’s buy-in will be essential to passage of any tax legislation. Manchin is requiring that half of any new tax revenue be used for deficit reduction.

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Is Build Back Better Dead?

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Like the answer to many tax questions, the answer to this one is an unsatisfying “yes and no.” trillion BBB legislation remains a priority for the Biden administration, but it does not have support in the Senate, i.e. , Senator Joe Manchin III from West Virginia is not onboard. Business Tax Services. Contact Us.