US election results: making sense of the 'fiscal cliff' and related tax issues
Tax legislative update: federal edition
Once the Election Day results are tabulated, taxpayers will be watching closely to see how lawmakers deal with a host of short-term issues that have far-reaching implications for taxation, the federal budget, and the economy at large. Among the looming issues: the expiring 2001 and 2003 tax cuts; the expiring 2010 payroll tax holiday; dozens of business tax extenders; new investment taxes on higher-income individuals; an “un-patched” AMT; a pending federal budget sequester; and the federal debt limit.
Please join us on Friday, November 9, for a one-hour webcast on election results and what they mean for tax and non-tax business executives. The webcast will run from 1:00 to 2:00 p.m. ET / 10:00 to 11:00 a.m. PT. Topics include:
- How the election results may affect the tax legislative agenda for 2012 and 2013
- Potential scenarios involving the “fiscal cliff”
- Prospects for longer-range tax and fiscal reform
Michael Mundaca, Ernst & Young LLP, Co-Director, National Tax
Nick Giordano, Ernst & Young LLP, Co-Director, Washington Council Ernst & Young
Gary Gasper, Ernst & Young LLP, Co-Director, Washington Council Ernst & Young
Anne Phelps, Ernst & Young LLP, Principal, Washington Council Ernst & Young
Kate Barton, Ernst & Young, Americas Vice Chair – Tax
Note: We also invite you to attend a companion Ernst & Young LLP webcast, on state-level election results and implications, on Thursday, November 8, from 1:00 to 2:30 p.m. ET / 10:00 to 11:30 a.m. PT Los Angeles. To register for this event, click here.