Attorneys Alan Granwell, Ronald Klein, William Sharp and Meital Stavinsky co-authored an article previewing tax changes and priorities under the Biden Administration. With Democratic control of the legislative and executive branches, it will be easier for the administration to execute its plans for a more progressive tax code and other initiatives. This article outlines the Congressional procedures for enacting tax legislation as well as highlights the administration's priorities and likelihood of enacting them. The authors also describe key areas of focus for businesses and individuals looking to avoid tax surprises. The article was published by the International Bar Association.
READ: Biden Administration Tax Priorities: Prospects for Enactment