Following last week’s passage and enactment of the “American Rescue Plan Act of 2021,” committees of the U.S. Senate are turning their attention to other matters.
The Senate Finance and Budget committees this week have held or have scheduled hearings that are expected to include discussions about the U.S. tax system.
These hearings—and others on other issues unrelated to tax—may be in preparation for anticipated broad infrastructure and tax legislation in furtherance of President Biden’s “Build Back Better” economic recovery plan.
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