The end of the year is closer than you think, and with that comes the possibility of an end-of year tax bill that could slide into the omnibus. Lawmakers are already gearing up to push for their favorite tax policies with that prospect in mind.
But in Congress, there’s no guarantee of anything. And when you boil it down, a lot of political gridlock needs to be resolved for any tax vehicle to come together.
Last we looked before August recess, we saw the GOP tax package — which includes an array of business tax breaks and a popular proposal to relax IRS reporting requirements for gig workers, among other things — stalled by a stalwart group of Republican members of the SALT caucus.
