House Ways and Means Tax
House Ways and Means Tax Overhaul Notes
September 13th, 2021, the House Ways and Means committee released language for view to the public. The 881-page document addresses the details of the proposed tax changes first introduced by President Biden back in April. The document covers a massive amount of changes that would amend a large amount of the tax code.
As I have mentioned before, this is just proposed language and will likely be modified prior to passing, if it passes. This is the most detailed we have seen thus far given the current objectives of the majority party. I do think much of this will be dramatically modified, removed, or changed before anything becomes law.
