PODCAST

The Purple Scenario: Finding Bipartisan Consensus on Taxes in 2021

KPMG Catching Up on Capitol Hill Podcast Episode 25-2020 | Common ground? What might be on the tax agenda in 2021 if there is a divided Congress?

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

Jennifer Acuna

Jennifer Acuna

Principal, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-3800

Thomas Stout

Thomas Stout

Director, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-4148

Podcast overview

What if 2021 mixes a red Senate with a blue House – what might be on the tax agenda in that scenario? John Gimigliano speaks with Catching up on Capitol Hill podcast regulars Jen Acuna and Tom Stout about whether a bipartisan tax legislation is possible, and what items could maybe move forward or be total nonstarters. Items such as corporate and individual tax rate cuts and credits, TCJA provisions that are phasing out, extenders, more COVID-19-related relief, and others are examined, in this purple environment. Also, could the OECD’s ongoing negotiations on BEPS 2.0 be the key to unlocking something more profound?

 

More KPMG Catching Up on Capitol Hill podcast episodes