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Report on recent US international tax developments — 10 January 2025

10 January 2025

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Legislation & Policy, Legislation & Policy, Global, Newsletters

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United States

When and how Congressional Republicans pass their legislative priorities in the new Congress — including border security, energy, defense and taxation — remains a focal point. President-elect Trump this week signaled he is open to either one or two budget reconciliation bills this year, although he said his preference is for a large single reconciliation bill. The President-elect noted that a single bill would be a longer process but, "I would say I'd live with that."House Speaker Mike Johnson (R-LA) was quoted as saying on 6 January: "The plan in the House has been one bill. … We met for...