{"id":2050,"date":"2026-05-04T20:57:52","date_gmt":"2026-05-05T00:57:52","guid":{"rendered":"https:\/\/ditchtheestatetax.com\/?p=2050"},"modified":"2026-05-04T20:57:52","modified_gmt":"2026-05-05T00:57:52","slug":"taxation-representation-3-reconciliation-bills-your-tax-cuts-hang-in-balance","status":"publish","type":"post","link":"https:\/\/ditchtheestatetax.com\/?p=2050","title":{"rendered":"Taxation & Representation: 3 reconciliation bills? Your tax cuts hang in balance"},"content":{"rendered":"
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Tell Congress Where You Stand – Act Now<\/h2>\n<\/div>\n
Urge your representatives to support family-owned businesses by joining the Congressional Family Business Caucus today.<\/a><\/div>\n<\/p><\/div>\n
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Budget Reconciliation 2.0 \u2026 and 3.0?: Last week, the Senate completed its consideration of the FY2026 budget resolution, with a vote-a-rama and passage of\u00a0S.Con.Res.33<\/a>. The budget resolution sets the stage for a second reconciliation bill focused on homeland security funding. In the House, Republican leadership is working to keep the budget resolution narrowly focused on funding Immigration and Customs Enforcement (ICE) and the Border Patrol, leaving broader Customs and Border Protection (CBP) funding for the regular appropriations process, to ensure swift passage via reconciliation. <\/strong>Dive Into The Details<\/span><\/span><\/strong><\/a><\/h2>\n

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Bipartisan House Tax Bills Advance to the Senate: On Monday, the House advanced seven bipartisan tax bills\u00a0by voice votes that aim to enhance Internal Revenue Service (IRS) efficiency, taxpayer services and targeted relief. The House also passed changes to whistleblower protections by an overwhelming 346-10 bipartisan vote. <\/strong><\/em>Dive Into The Details<\/span><\/span><\/strong><\/em><\/a><\/h3>\n

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Bessent Testifies before Senate FSGG Appropriations Subcommittee: On April 22, the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee held a hearing to review President Trump\u2019s FY2027 Treasury Department budget request, which proposes an 8.3% funding cut form FY2026. Treasury Secretary Scott Bessent testified on implementation of the One Big Beautiful Bill Act (OBBBA), including larger average tax refunds, upcoming IRS guidance on family-leave credits, and scholarship-organization certifications. Dive Into The Details<\/strong><\/span><\/span><\/a><\/p>\n

Kustoff Introduces Small Business Tax Cut Act: On April 23, Rep. David Kustoff (R-TN) introduced the Small Business Tax Cut Act (H.R. 8415<\/a>), which\u00a0would<\/a> expand the section 199A qualified business income deduction for pass-throughs by raising the deduction from 20% to 23%. The bill would also update income thresholds and phaseouts as well as broaden eligibility, including for specified service trades or businesses and certain business development company dividends.\u00a0Dive Into The Details<\/strong><\/span><\/span><\/a><\/p>\n

Evans Introduces Rehabilitation of Historic Schools Act Bill: On April 27, Rep. Dwight Evans (D-PA) reintroduced the Rehabilitation of Historic Schools Act (H.R. 8501<\/a>), which\u00a0would<\/a> expand the federal historic rehabilitation tax credit to include public school buildings. The bill is intended to help finance repairs of health hazards like lead, mold and asbestos while modernizing HVAC systems. Dive Into The Details<\/strong><\/span><\/span><\/a><\/p>\n

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Trump Threatens UK Tariffs Over Digital Tax: In a press conference on April 24, President Trump said that the United States will impose \u201cbig tariffs\u201d on the United Kingdom (UK) unless it drops its 2% digital services tax (DST) on revenues from search engines, social media and online marketplaces deriving value from UK users. \u00a0Dive Into The Details<\/span><\/a><\/strong><\/span><\/p>\n<\/div><\/div>\n

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\"Taxation<\/p>\n

About Brownstein Hyatt Farber Schreck
<\/strong>Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you\u2019ll immediately recognize a different type of energy. Complacency doesn\u2019t have a place here. Flexibility and inspiration do.\u00a0Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients\u2019 needs and provide them with the resources they require to meet their business objectives.<\/p>\n<\/div><\/div>\n

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We hope you\u2019ve enjoyed this article. While you\u2019re here, we have a small favor to ask\u2026<\/h4>\n

As we prepare for what promises to be a pivotal year for America, we\u2019re asking you to consider becoming a supporter<\/a>.<\/p>\n

The need for fact-based reporting of issues important to family offices<\/a> and successful families<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, family offices<\/a> and successful families<\/a> are under fire. That\u2019s why Family Enterprise USA Action<\/a> is passionately working to increase the awareness of issues important to family offices<\/a> and successful families<\/a>, while continuing to strengthen our presence on Capitol Hill.<\/p>\n<\/div><\/div>\n

\n\t\t\t\tAre you an Family Enterprise USA Action Supporter? If not, we could use your help today!!!<\/a>\n\t\t\t<\/div>\n
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Family Enterprise USA Action engages with legislators on Capitol Hill on behalf of family offices<\/a>, successful families<\/a>, and family-owned businesses<\/a>. It is focused exclusively on the critical tax<\/a> and economic policies that impact them. Since 1995, FEUSA Action has been the leading advocacy group working daily in Washington, D.C., to reduce and eliminate estate tax<\/a>, gift tax<\/a>, and generation skipping transfer tax<\/a> while blocking increased income and capital gains taxes<\/a>, the creation of a wealth tax<\/a>, and other hostile policies that punish hardworking taxpayers and success in the U.S. It is a bipartisan 501.c4 organization.<\/p>\n

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#incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #incometaxrates #repealestatetax #FamilyOffice #SuccessfulFamilies @PolicyAndTaxationGroup @DitchTheEstateTax #PolicyAndTaxationGroup #DitchTheEstateTax #FamilyEnterpriseUSAAction<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

The post Taxation & Representation: 3 reconciliation bills? Your tax cuts hang in balance<\/a> appeared first on Family Enterprise USA Action<\/a>.<\/p>\nPolicy and Taxation Group (PATG) is dedicated to the ultimate repeal of estate tax (death tax), gift and generation-skipping transfer (GST) taxes, and the elimination of the destructive effect those taxes have on families, family businesses, generationally owned businesses, and multigenerational businesses, job creation, the national economy, and government revenues. Since 1995, Policy and Taxation Group has been a highly effective voice of families, family businesses, generationally owned businesses, and multigenerational businesses in the fight against the estate tax (death tax). Providing research, polling, expertise, and employing effective lobbying strategies. Policy and Taxation Group is the only organization exclusively dedicated to the repeal of the gift tax, estate tax (death tax) and generation skipping tax.\r\n\r\n@FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyBusiness #Business #SmallBiz #EstateTax #Deathtax #CapitalGainsTax #StepUpInBasis #Taxes #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #promotefamilybusinesses #taxLegislation #AdvocatingForFamilyBusinesses #incometax #Generationallyowned #Multigenerationalbusiness","protected":false},"excerpt":{"rendered":"

Tell Congress Where You Stand – Act Now Urge your representatives to support family-owned businesses by joining the Congressional Family Business Caucus today. Budget Reconciliation 2.0 \u2026 and 3.0?: Last week, the Senate completed its consideration of the FY2026 budget resolution, with a vote-a-rama and passage of\u00a0S.Con.Res.33. The budget resolution sets the stage for a […]<\/p>\n","protected":false},"author":25,"featured_media":895,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[27,14,18,17,12,16,13,10,29,22,21,28,23,30,11,25,24,15,19,20,26],"class_list":["post-2050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-tax","tag-advocatingforfamilybusinesses","tag-business","tag-capitalgainstax","tag-deathtax","tag-ditchtheestatetax","tag-estatetax","tag-familybusiness","tag-familyenterpriseusa","tag-generationallyowned","tag-generationskippingtax","tag-gifttax","tag-incometax","tag-inheritancetax","tag-multigenerationalbusiness","tag-policyandtaxationgroup","tag-promotefamilybusinesses","tag-repealestatetax","tag-smallbiz","tag-stepupinbasis","tag-taxes","tag-taxlegislation"],"acf":[],"_links":{"self":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2050"}],"version-history":[{"count":1,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2050\/revisions"}],"predecessor-version":[{"id":2051,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/posts\/2050\/revisions\/2051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=\/wp\/v2\/media\/895"}],"wp:attachment":[{"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ditchtheestatetax.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}