17 June 2025

Wednesday, June 18 | How the Senate Finance Committee revisions shape what's next for the reconciliation bill (4 pm ET)

Insights from the EY Center for Tax Policy

The Senate Finance Committee's revisions to the tax title of the House-passed reconciliation bill include significant changes that could impact businesses and individuals. These include making the Tax Cuts and Jobs Act "pre-cliff" business provisions permanent, holding the state and local tax deduction cap at $10,000 (subject to further negotiations), changing several international tax provisions and modifying some Inflation Reduction Act credit restrictions.

As the legislation moves back to the House, it will be crucial for businesses to stay informed and consider the potential implications of these changes. This panel discussion will provide insights into what's in the legislation, what we can expect to happen next, and what actions businesses should consider.

Date: Wednesday, June 18, 2025

Time: 4:00-5:00 p.m. ET New York; 1:00-2:00 p.m. PT Los Angeles

Registration: Register for this event.

Panelists

Ray Beeman, Principal and Leader, Washington Council Ernst & Young, Ernst & Young LLP

Ryan Abraham, Principal, Washington Council Ernst & Young, Ernst & Young LLP

Jason Yen, Partner, International Tax and Transaction Services, National Tax Department, Ernst & Young LLP

Timothy Powell, Partner, Business Tax Services, National Tax Department, Ernst & Young LLP

Christa Bierma, Principal, Business Tax Services, National Tax Department, Ernst & Young LLP

Anthony Nitti, Partner, Business Tax Services, National Tax Department, Ernst & Young LLP

Moderator

Colleen O'Neill, EY US National Tax Department Leader

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: During this webcast, attendees will assess the current tax policy landscape and identify what impact these proposals may have on their company's operations. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com

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Document ID: 2025-1278