The Made in America Tax Plan, One Month Later: Where Do We Stand and How to Prepare for an Everchanging Legislative Environment

One month since President Biden’s release of The Made in America Tax Plan, and the initial Congressional responses to the Plan, there has been significant political jockeying between the Biden Administration and Congressional leadership. Proposals and counterproposals have been made, bipartisan meetings have occurred, Congressional hearings ongoing, and the legislative environment remains fluid. As a sequel to our April webinar, this conversation provides a political and legislative update to the Plan and its significant federal tax provisions, a forecast of what to expect as we lean into the summer, and a number of tax planning ideas to consider in response to the pending future legislation.