With the reconciliation framework in place, congressional Republicans face the challenge of crafting a final bill. As they aim to solidify tax provisions from the Tax Cuts and Jobs Act, deliver on promises President Trump made to working-class voters and address broader tax concerns, lawmakers are searching for methods to offset the costs of their ambitious policy agenda. Today, Brownstein’s tax team explore proposals gaining traction in Washington, including increasing taxes on individuals earning over $1 million. They'll examine the feasibility of this departure from conservative orthodoxy and discuss alternative strategies Congress might consider.
THIS DOCUMENT IS INTENDED TO PROVIDE YOU WITH GENERAL INFORMATION REGARDING POTENTIAL TAXES ON HIGH EARNERS. THE CONTENTS OF THIS DOCUMENT ARE NOT INTENDED TO PROVIDE SPECIFIC LEGAL ADVICE. IF YOU HAVE ANY QUESTIONS ABOUT THE CONTENTS OF THIS DOCUMENT OR IF YOU NEED LEGAL ADVICE AS TO AN ISSUE, PLEASE CONTACT THE ATTORNEYS LISTED OR YOUR REGULAR BROWNSTEIN HYATT FARBER SCHRECK, LLP ATTORNEY. THIS COMMUNICATION MAY BE CONSIDERED ADVERTISING IN SOME JURISDICTIONS.