Tax legislative update: what to expect in 2012 and beyond
With the GOP primaries in full swing and President Obama proposing various new tax initiatives, few if any issues carry a higher profile this election year than taxes and tax reform. The President is scheduled to release his FY 2013 budget on February 13, and Congress is in the midst of negotiations to extend the payroll tax cut and possibly other expiring provisions. While tax promises to remain a front-page issue through November, the stakes grow higher still after the elections, when the Bush tax cuts are scheduled to expire, the expired AMT patch would hit an estimated 31 million filers, the federal debt limit expires, and automatic federal spending cuts are slated to take effect under the 2011 Budget Control Act.
Please join a panel of Ernst & Young LLP’s tax thought leaders Tuesday, February 21 for a one-hour webcast on what corporate tax departments can expect this year and next in the area of taxation.
Michael Mundaca, Ernst & Young LLP, Co-Director of National Tax
Gary Gasper, Ernst & Young LLP, Co-Director, Washington Council Ernst & Young
Nick Giordano, Ernst & Young LLP, Co-Director, Washington Council Ernst & Young
Eric Solomon, Ernst & Young LLP, Co-Director of National Tax