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Will the "Big, Beautiful Bill" Pass? Why 80% Might Become Law—and What Accountants Need to Watch | Quick Tax Tip
Manage episode 489521840 series 2907093
Compromise, party discipline, and presidential influence could make this bill one of the most impactful yet.
Quick Tax Tip
With Art Werner
CPE Today
When major tax reform is introduced, it's easy to assume the process is straightforward: the House writes a bill, the Senate reviews it, and Congress either passes or blocks it. But the truth is much messier—and much more interesting. On the Quick Tax Tip podcast, tax strategist and educator Art Werner walks listeners through the real political chess game that unfolds behind every headline.
As Werner points out, even landmark provisions like Section 199A—beloved by many pass-through business owners—didn’t appear in the original drafts of the 2017 Tax Cuts and Jobs Act. Instead, it emerged as a late-stage compromise between the House and Senate. That kind of behind-the-scenes negotiation is exactly what’s at play now as a new tax bill moves through Congress.
394 episodes
Manage episode 489521840 series 2907093
Compromise, party discipline, and presidential influence could make this bill one of the most impactful yet.
Quick Tax Tip
With Art Werner
CPE Today
When major tax reform is introduced, it's easy to assume the process is straightforward: the House writes a bill, the Senate reviews it, and Congress either passes or blocks it. But the truth is much messier—and much more interesting. On the Quick Tax Tip podcast, tax strategist and educator Art Werner walks listeners through the real political chess game that unfolds behind every headline.
As Werner points out, even landmark provisions like Section 199A—beloved by many pass-through business owners—didn’t appear in the original drafts of the 2017 Tax Cuts and Jobs Act. Instead, it emerged as a late-stage compromise between the House and Senate. That kind of behind-the-scenes negotiation is exactly what’s at play now as a new tax bill moves through Congress.
394 episodes
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