Five policy areas to watch in the House-passed tax bill

05 June 2025

The House-passed budget reconciliation bill includes provisions that would have wide ranging tax implications across many industries and business types – from international taxes to energy tax incentives, pass-through taxes and employee compensation. While the tax portions of the legislation are likely to undergo changes in the Senate, there are five tax policy areas to watch as the process unfolds. Learn more in this EY article.

Document ID: 2025-1202

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

EY US Tax News Update Master Agreement | EY Privacy Statement