BDO USA has published an article, “Senate Finance Committee Releases Updated Text of Build Back Better Act Tax Measures”, published on BDO USA. The abstract is as follows:
Senate Finance Committee Chairman Ron Wyden (D – Ore.) on December 11 released an updated text of the tax provisions in the Build Back Better Act (H.R. 5376) passed by the House of Representatives on November 19. According to a committee release, the updated text contains both substantive changes and technical corrections.
Describing the Democrats’ package as “historic,” Wyden explained that the Finance Committee had made “targeted improvements” to the Build Back Better Act, and asserted that the package is fully paid for “by ensuring profitable mega-corporations and [the] wealthiest Americans pay their fair share.”
The updated bill comes in at 1180 pages, with the tax-related provisions starting on page 275.
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal