Bipartisan R&D bill may lead to broader tax legislation (7:22)

Rohit Kumar
Monday, March 20, 2023

Rohit Kumar discusses how banking sector concerns likely will not affect the discussion on Capitol Hill around legislation and the debt limit, the key global and domestic tax issues raised at the recent Senate Finance Committee hearing on President Biden's budget, and how introduction of a bipartisan R&D bill may lead to broader tax legislation.

Rohit Kumar, PwC’s National Tax Services Practice Co-Leader
Julie Allen, PwC’s National Tax Services and Mergers & Acquisitions Tax Leader, and Host, Policy on Demand
Andrew Prior, Host, Policy on Demand

In case you missed it, watch:
Week in Review with Karl Russo

And you can read our PwC Insights:
Treasury releases ‘FY24 Green Book’ describing Biden’s tax proposals for businesses
Interim tax accounting considerations for recent legislative and global developments

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Happening this week
- The House and Senate are in session this week and next week before both chambers depart for a two-week spring recess.
- Congressional hearings on the President’s FY 2024 budget continue this week.
- The Finance and Ways and Means Committees will hold March 23 and March 24 hearings on the President’s trade agenda with US Trade Representative Katherine Tai.
- The House Ways and Means Health Subcommittee will hold a March 23 hearing on small business and health care affordability.
- The Federal Reserve holds a monetary policy meeting on March 21 and 22.


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