The 116th Congress began on January 3, 2019—with Democrats controlling the House and Republicans controlling the Senate and the White House. The return to “divided government” raises a host of questions as to what to expect in the near future—including in the tax policy arena.
Today, KPMG LLP is releasing a report with preliminary observations about tax policy and prospects for tax legislation in the new Congress.
Today’s KPMG report describes the new House, the new Senate, and the tax-writing committees—and makes observations about the possible tax agenda. It also attempts to shed some light on some of the key questions tax professionals and businesses have been asking, including:
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