Senate poised to unveil tax bill text (9:51)

Scott McCandless
Monday, June 16, 2025

The Senate is racing the clock to pass the reconciliation bill before the July 4 recess. The proposed new building bonus would bring dramatic change to domestic manufacturing/production incentives while Section 899 would give the US a tool for global tax negotiations. However, open questions around the TCJA “orphans” and SALT deduction must be resolved first. 

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Scott McCandless, Principal, PwC’s Tax Policy Services Practice
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