Todd Metcalf and Karl Russo discuss possible Senate action on the House-passed tax package, how companies might prepare for the 2025 negotiations on the expiring TCJA tax provisions, and the outlook for a House vote on legislation to provide relief from the "SALT" cap on individual deductions.

IN THIS EPISODE
Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Karl Russo, PwC’s National Economics & Statistics Practice Leader
Scott McCandless, Host, Policy on Demand

Upcoming webcast:
Register for Tax Readiness: Indirect tax next generation compliance and reporting (Tuesday, February 13th, 2:00 PM - 3:00 PM ET)

In case you missed it:
Policy on Demand: Week in Review with Pam Olson (02/02/24)
Tax Insight: House clears bipartisan business and family tax relief bill for Senate action (01/31/24)
Policy on Demand: The new status quo: Increased geopolitical risk (01/31/24)
Global Tax Talk – January 2024 (01/30/24)
PwC’s Pillar Two Country Tracker (Updated 02/02/23)


HAPPENING THIS WEEK ON CAPITOL HILL:
- February 6: House Ways and Means Committee holds hearing on drug shortages.
- February 6: Treasury Secretary Janet Yellen testifies on the annual report of the Financial Stability Oversight Council at a House Financial Services Committee hearing.
- February 7: House Trade Subcommittee holds a hearing on advancing US interests at the World Trade Organization ministerial meeting that will take place February 26-29 in Abu Dhabi.
- February 7: Congressional Budget Office to release annual budget and economic outlook.
- February 8: Senate Finance Committee holds a hearing on artificial intelligence and healthcare.
- February 8: Treasury Secretary Janet Yellen to testify on the annual report of the Financial Stability Oversight Council at a Senate Banking, Housing, and Urban Affairs Committee hearing.

ELECTION 2024
- February 6 in Nevada: Democratic and Republican presidential primaries
- February 8 in Nevada and US Virgin Islands: Republican presidential caucuses