Claim OwnershipKPMG Catching Up On Capitol Hill
Subscribed: 8Played: 196
Subscribe
© 2025 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG Interantional Limited, a private English company limited by guarantee. All rights reserved. Any reproduction, distribution, or modification of this podcast or its content without KPMG LLP's permission is prohibited.
Description
In the Catching Up On Capitol Hill podcast series, you'll hear from KPMG professionals about current developments in Washington and what may happen next. And we'll discuss why it's happening.
88 Episodes
Reverse
Washington can't stop talking about the recently proposed HIRE Act. The bill would impose an excise tax on certain payments to foreign service providers - in effect a tariff on many imported services. Should the tax community take this bill seriously? Listen as Jennifer Acuna and Dan Winnick join John Gimigliano to break down what the bill does, what its policy goals might be, and whether it could be signed into law any time soon.
Another tax bill is coming. We know this because another tax bill is always coming - but how soon, and what might be in it? It's really never too soon to ask that question. Listen as John Gimigliano, Jennifer Gray, and Tom Stout revisit the list of items that did not make it into OB3 and look forward to what might in the conversation when Congress gets takes up the next piece of tax legislation.
With surprising speed, Congress passed the One Big Beautiful Bill legislation in time for a 4th of July enactment. This comes as a relief to many, but not to all. Listen as John Gimigliano, Jennifer Acuna, and Dan Winnick break down first thoughts on winners and losers under the new law.
The House of Representatives managed to pass its version of the tax cliff legislation, calling it One Big Beautiful Bill. But will it be big enough or beautiful enough for the Senate? We may find out soon as the upper chamber is now poised to produce its own version of the bill. Listen as John Gimigliano, Jennifer Gray, and Tom Stout explore what parts of the House bill could be subject to changes in the Senate and how those changes get reconciled with the House.
We finally got legislation from the House and, true to their word, the Ways and Means Committee included a new provision designed to retaliate against perceived 'unfair taxes' in other jurisdictions. Listen as John Gimigliano chats with Danielle Rolfes and Alistair Pepper as they explore the what, the why, and the how of the House bill's proposed new Section 899.
Covering 60 minutes of crucial tax topics, focusing on the Tax Cliff 2025 and what taxes might be on the table this year.
The House recently muscled a sprawling budget through that chamber, setting up the possibility of a tax bill via budget reconciliation this year. Meanwhile, the Senate moved a much less ambitious budget that does not contemplate taxes. Are the House and the Senate on the same page, or more importantly can they get there? Listen as John Gimigliano, Jennifer Acuna, and Dan Winnick discuss what the House budget says about a tax bill and whether the Senate is even listening.
The budgetary math for a 4 trillion dollar tax cliff is daunting. But what if the accounting is wrong and the cliff isn't really a cliff at all? It may sound too good to be true, but this is a point many lawmakers on Capitol Hill are making. Listen as Jennifer Gray and Tom Stout join John Gimigliano to discuss the concept of current policy baseline and how that idea could dramatically alter the legislative landscape for taxes in 2025.
As we near the tax cliff of 2025, Republicans have said they intend to use the process of budget reconciliation to prevent expiration of many of 2017's tax cuts. The rules governing reconciliation are infamously Byzantine, even by Washington standards. So how does this process affect the final product? Listen as John Gimigliano, Jennifer Acuna, and Dan Winnick explore how the process of enacting tax legislation via reconciliation could shape the content, timing, and even the odds for a tax bill.
It seems all of Washington is asking the question - will Republicans push their agenda with one large bill in 2025 or two smaller ones? Listen as John Gimigliano, Jennifer Gray, and Tom Stout kick off 2025 by discussing this question including why it matters for timing, content, and probability of a tax bill.
Listen as protagonists of the TCJA and BBBA, Jen Acuna and Dan Winnick join John Gimigliano to reflect on what is reform and whether it's really just a state of mind.
Kamala Harris' tax plan covers familiar territory, weaving in many Biden-era proposals. But it also seeks new ground, with tax cuts for families and businesses. Listen as John Gimigliano and Dan Winnick revisit Biden Administration Green Book revenue raising proposals and then discuss Harris' proposals for new tax cuts.
Republican nominee Donald Trump has not released a formal tax plan. Still, he has frequently spoken about several tax ideas, some novel. So then, what exactly is the Trump tax plan? Listen as John Gimigliano, Jennifer Gray, and Tom Stout dig into former President Trump's stated tax ideas to understand better what the Trump campaign is proposing and what a second Trump term might bring.
John Gimigliano and Jen Acuna kick off Season 4 and introduce the theme for the year, the Tax Cliff. Listen as Jen takes a stroll down memory lane and explains how, and why, Congress set up a looming 4 trillion dollar tax increase.
How seriously should we take this latest effort to restore the deductibility of R and E costs, interest, and capital expenditures?
Congress has gone for the year and so has hope for any tax legislation in 2023. How did we get to this point and is there any hope for 2024? Listen as John Gimigliano, Jennifer Acuna, and Tom Stout perform a post-mortem on the year that was and look forward to the year that will soon be.
What's on the fall agenda for Congress after the August recess? Do taxes fit in?
Discussing legislative negotiations in Washington and how the divided Congress could come to terms with Pillar Two
Discussing the House Ways and Means extenders bill-will expired business items, including R and E expensing, interest deductibility, and bonus depreciation, be extended?
Discussing the Biden Administration tax policy priorities in its FY24 Green Book and why these tax proposals warrant review
Comments
Download from Google Play
Download from App Store
United States