Partner Sarah Brodie joined Bloomberg Law’s Talking Tax podcast to discuss the Biden-Harris administration’s Build Back Better tax plans, which were stalled in the Senate late last year. Sarah shared that as a result of the stall, partnerships have dodged major changes in how they’re taxed—and while no changes are known for certain yet, they are expected.
“Build Back Better is an interesting look into what the Democratic caucus views as reasonable and acceptable ways to increase taxes, and I certainly wouldn’t be surprised if a lot of the stuff in [the proposed bill] does end up getting recycled into whatever new bill they have,” Sarah said.
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