Introduction to Tax Reform 2021 – The Proposed “Build Back Better” Legislation

在两年的大部分时间里，美国政府一直在努力.S. taxpayers have been hearing about more changes to federal tax law (over and above the numerous tax law changes resulting from responses to COVID-19).

从2019年的初选开始, through the 2020 presidential campaign and into the early part of this spring with the release of President Biden’s Made in America and American Families Plan proposals, we’ve been learning about and tracking various income and wealth tax proposals. Currently, 这是一项超过2美元的综合法案,500 pages (subject to change at any time) on the table that was released by the House Budget Committee on September 27, 2021 that is currently awaiting further action in the House of Representatives. 

用实际建议的法定语言进行评估, Schneider Downs is pleased to introduce its dedicated webpage to 2021年税制改革——重建得更好. Our goal for this site is to keep you updated on the proposed legislation being discussed in both the House and Senate. We want to provide details of the legislation and a balanced analysis of the potential impact on businesses and individuals. You’ll be able to access articles on various components of the proposals, along with documents and links to government sites that will provide easy access to the original source documents. 

2022年预算决议(S. Con. Res. 14) laid the groundwork for the Build Back Better Act (BBB) by providing the option of using the budget reconciliation process to pass the legislation. 

众议院委员会指出的BBB的目标

• 为中产阶级减税;
• Create jobs;
• 降低工薪家庭的成本;
• 应对气候危机，增强韧性;
• Ensure fiscal responsibility; and 
• 刺激未来经济增长. 

正如我们和其他顾问所指出的那样, the current proposal in the House will likely not be the same as the one that could ultimately be passed. The Senate still needs to develop its version of the bill. As the country has observed since the middle of September when the House Budget Committee approved a marked-up bill for the full House to approve, 民主党内部的分歧需要弥合. 当我们进入十月的最后一周, President Biden is partnering with both House and Senate Democratic leaders, who are still looking for an agreement on the size and scope of the BBB that would also pave the way for the separate bipartisan infrastructure bill to pass the House. 

The negotiations impact the tax provisions contained in the overall legislation. Corporate, business and individual tax provisions are being revisited. For example, proposals to lower the proposed increase in the corporate tax rate, 提供更大的州和地方税收减免, 投资资产未实现的税收增值, and introduce a new financial transactions tax on trading have been proposed. Negotiations are ongoing, as it is necessary for all 50 Democratic senators to pass the tax-and-spend legislation using the budget reconciliation process. 

We’ll let you know “Our Thoughts On” Build Back Better; let us know yours, 所以我们可以帮你规划你的未来.