A "Chairman's mark" of initial tax bill proposals has been released with mostly good news for companies, but revisions for potential revenue offsets are imminent. Senate action may start after Memorial Day, amid questions about trade dynamics and retaliatory provisions.

Released 05/12/25: ​Amendment in the nature of a substitute for the House Ways and Means Committee tax reconciliation bill​. The amendment supersedes the 28-page tax reconciliation bill released by Ways and Means on Friday, May 9. A Ways and Means markup on the tax reconciliation bill is scheduled to begin at 2pm on Tuesday, May 13.

IN CASE YOU MISSED IT
Tax Insight: Ways and Means Chairman Smith proposes revised FY 2025 tax bill for committee action (5/13/2025)
Watch Week in Review with Chairman Dave Camp 

IN THIS EPISODE
Pat Brown, PwC’s National Tax Office Co-leader
Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice
Sindhu Blume, Host, Policy on Demand

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