State Adoption of OBBBA Tax Changes: What to Expect, Where the Friction Will Be, and How to Plan Without Guesswork
State Adoption of OBBBA Tax Changes: What to Expect, Where the Friction Will Be, and How to Plan Without Guesswork Todd Phillips Jan 23 11 min read The federal government can amend the Internal Revenue Code with a single vote cycle. States cannot. Even when a state “conforms” to federal law, that conformity is mediated […]
House and Senate Advance Diverging Budget Resolutions as Trump Calls for ‘One Big Beautiful Bill’
House and Senate Advance Diverging Budget Resolutions as Trump Calls for ‘One Big Beautiful Bill’ Todd Phillips Feb 26, 2025 2 min read It appears that the path to “One Big Beautiful Bill” took a big step forward, but isn’t quite done yet. On February 25, 2025, the House of Representatives narrowly approved a fiscal […]
IRS to Layoff 6,000 or More Staff: A Closer Look at the Implications
IRS to Layoff 6,000 or More Staff: A Closer Look at the Implications Todd Phillips Feb 24, 2025 2 min read Updated: Feb 26, 2025 UPDATE: Third Chief in two months to take over at IRS, more here. With the upcoming tax season on the horizon, these layoffs are raising questions about the agency’s ability […]