NEWS

The Senate Finance Committee has unveiled its part of the budget reconciliation bill. Key provisions include making the following changes permanent: businesses' ability to immediately expense 100% of capital investment, the business research and development credit, the 20% deduction for pass-through entities, and the increase in estate and gift tax and generation-skipping transfer tax exemptions to $15 million. Congress's goal is to pass the bill before the July 4 recess.

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