DC Dynamics

In DC Dynamics episode 21: Solving the Tax Bill Buzzle, host Ray Beeman, Washington Council EY's managing partner, discusses the Republican-led reconciliation bill focused on extending the Tax Cuts & Jobs Act (TCJA) provisions set to expire at the end of 2025. The episode highlights how Speaker Mike Johnson narrowly passed the House version of the “One Big Beautiful Bill,” navigating various internal Republican factions and relying on President Trump's intervention. In addition, Beeman walks through some of the challenges ahead in the Senate, including potential Byrd Rule violations, concerns about Medicaid cuts, and the need to maintain a delicate balance to secure enough votes. While a large tax bill seems inevitable given the Republican majority and presidential support, the specific details and timing remain uncertain, with a likely push for passage before the August recess. For more information on budget reconciliation, be sure to check out the budget reconciliation basics page on EY.com:  https://www.ey.com/en_us/insights/tax/budget-reconciliation-basics Washington Council Ernst & Young (WCEY) is a tax, legislative and regulatory group within Ernst & Young LLP that combines the power of a leading professional services organization with the on-the-ground knowledge, personal relationships and attention to detail of a boutique Washington-insider firm. https://www.ey.com/en_us/services/tax/washington-council-ernst-young

In DC Dynamics episode 20: Budget Reconciliation Basics, special guest host Heather Meade, head of Washington Council Ernst & Young's health team, and Lisa Wolski, the newest member of WCEY's tax team, walk through the basics of budget reconciliation. Budget reconciliation is a process that permits legislation impacting revenues and spending to pass the Senate with 51 votes rather than the 60-vote filibuster threshold for most other legislation. Spending, revenue, or the debt limit (though rare) may be addressed under reconciliation together or separately, but only once per budget resolution, and only one budget resolution can be approved for each fiscal year. If either party sweeps in the 2024 elections, the process could be used to enact tax legislation. For more information on budget reconciliation, be sure to check out the budget reconciliation basics page on EY.com:  https://www.ey.com/en_us/insights/tax/budget-reconciliation-basics Washington Council Ernst & Young (WCEY) is a tax, legislative and regulatory group within Ernst & Young LLP that combines the power of a leading professional services organization with the on-the-ground knowledge, personal relationships and attention to detail of a boutique Washington-insider firm. https://www.ey.com/en_us/services/tax/washington-council-ernst-young  

In DC Dynamics episode 19: Super Bowl of Tax Pregame, host Ray Beeman, Washington Council Ernst & Young's managing partner, and Ryan Abraham, WCEY partner, take a look at the 2017 Tax Cuts & Jobs Act, a big portion of which is slated to expire next year and may bring a reconsideration of the current US tax system along with it. This will happen at the end of 2025 with the big unknown ahead of us before we get there – the 2024 presidential and congressional elections. Until we get to November 5th, only so much can be known about the political environment in which that deadline will fall, and the biggest factor clearly is who will be in control of the government.   Ray and Ryan walk though possible scenarios of how the TCJA extension could be addressed if the election outcome is a red or blue wave—if one party sweeps—or if there is a divided government.

In DC Dynamics episode 18: Taxmageddon: The Trailer, host Ray Beeman, Washington Council Ernst & Young's managing partner, provides an update on the pending tax bill in Congress and provides a preview of the looming tax debate when a big portion of the 2017 Tax Cuts and Jobs Act is slated to expire at the end of 2025. Washington Council EY helps clients achieve their legislative and regulatory objectives. In each case, the goal is to help you seize opportunities or mitigate risks so you stay ahead of changes brought by passage of new legislation, promulgation of new regulations or electoral outcomes. Learn more:  Washington Council Ernst & Young | EY - US

In DC Dynamics episode 17: Time After Time: History of the Tax Extenders, host Ray Beeman, Washington Council Ernst & Young's managing partner, takes us down memory lane to explore the history of “tax extenders” – and why some extenders are made permanent, some are extended, and others are simply allowed to expire. Washington Council EY helps clients achieve their legislative and regulatory objectives. In each case, the goal is to help you seize opportunities or mitigate risks so you stay ahead of changes brought by passage of new legislation, promulgation of new regulations or electoral outcomes. Learn more:  https://www.ey.com/en_us/tax/washington-council-ernst-young

In DC Dynamics episode 16: Monumental Decisions, host Ray Beeman, Washington Council Ernst & Young's managing partner, plays tour guide for this pre-August recess edition and walks through many of the open tax policy issues currently facing Congress. Washington Council EY helps clients achieve their legislative and regulatory objectives. In each case, the goal is to help you seize opportunities or mitigate risks so you stay ahead of changes brought by passage of new legislation, promulgation of new regulations or electoral outcomes. Learn more:  https://www.ey.com/en_us/tax/washington-council-ernst-young  

In DC Dynamics episode 15: The Public Health Emergency is ending— what you need to know, host Ray Beeman, Washington Council EY's managing partner is joined by WCEY colleague, Heather Bell, a health policy analyst, to walk through the myriad of regulatory changes that are coming as a result of the end of the COVID-19 Public Health Emergency (PHE). Guidance related to the end of the PHE is continually evolving. For the latest information on the implications of the end of the PHE, be sure to check out Washington Council EY's comprehensive guide, “The PHE is ending: What it means for COVID-19 waivers, funding and other flexibilities” linked here: https://www.ey.com/en_us/health/the-phe-is-ending-what-it-means-for-covid-19-waivers-funding-other-flexibilities Washington Council EY helps clients achieve their legislative and regulatory objectives. In each case, the goal is to help you seize opportunities or mitigate risks so you stay ahead of changes brought by passage of new legislation, promulgation of new regulations or electoral outcomes. Learn more:  https://www.ey.com/en_us/tax/washington-council-ernst-young    

In DC Dynamics episode 14: Political Prizefighting, host Ray Beeman, Washington Council EY's managing partner, provides a ringside look at some of the looming battles in Washington in both the near and long term, and what's at stake.

In episode 13 of DC Dynamics, Demystifying the Revenue Estimating Process, host Ray Beeman, from Washington Council EY, is joined by Robert Carroll, the head of EY's Quantitative Economics and Statistics ("QUEST") group, to discuss how the revenue estimating process plays into the tax policy legislative process.    What EY can do for you   WCEY's professional services help clients achieve their legislative and regulatory objectives. In each case, the goal is to help you seize opportunities or mitigate risks so you stay ahead of changes brought by passage of new legislation, promulgation of new regulations or electoral outcomes.   Learn more at:  https://www.ey.com/en_us/tax/washington-council-ernst-young

In DC Dynamics episode 12: 2022 Post-Election Outlook, host Ray Beeman, Washington Council EY's managing partner, is joined by WCEY colleague Adam Francis and Kristi Kennedy, with EY's Office of Public Policy, to discuss the 2022 post-election outlook and what a divided government in 2023 could mean for the tax policy agenda.  

In DC Dynamics episode 11: 2022 Midterm election preview, host Ray Beeman, Washington Council EY's managing partner, is joined by WCEY colleague Adam Francis and Kristi Kennedy, with EY's Office of Public Policy, to discuss the upcoming midterm election and how the outcome will influence the lame-duck session and chart the course for tax policy and other issues in 2023 and 2024. 

In DC Dynamics episode 10: The 9 lives of Build Back Better, host Ray Beeman, Washington Council EY's managing partner, discusses how the mostly-dead Build Back Better reconciliation bill rose from the ashes like a phoenix and made it over the finish line finally as the Inflation Reduction Act (IRA).

In DC Dynamics episode 9: Out in the street — the latest on retirement policy, host Ray Beeman, Washington Council EY's managing partner, and Washington Council EY colleague, Dave Koshgarian, discuss the latest retirement and pension policy developments, including the recent passage by the House of SECURE 2.0, which is now awaiting Senate action. The legislation promotes the creation of retirement plans by small businesses and encourages their employees to participate— all with the goal of helping hardworking Americans save for retirement.

In DC Dynamics episode 8: Which way is up, host Ray Beeman, Washington Council EY's managing partner, interviews colleague, Rebecca Burch, to examine the intersection of US and international tax policy, specifically, how the US and US-based multinational companies will be treated under the OECD two-pillared global tax agreement, which is very connected to the currently stalled Build Back Better Act (BBBA). 

In DC Dynamics episode 7: Slightly Alive: The Build Back Better Act , host Ray Beeman, Washington Council EY's managing partner, kicks off the new year with an update on the Build Back Better Act. He  highlights the policy issues proving to be sticking points in negotiations between the White House, Democratic leaders, and Senator Manchin (D-WV) and offers some insight into how the bill just might make it over the finish line. 

In DC Dynamics episode 6: Building Back Better in 2022, host Ray Beeman, Washington Council EY's managing partner, provides an end-of-year update on the Build Back Better Act, discusses Senator Manchin's concerns with the bill, and responses from the White House and Senate Majority Leader Schumer to Senator Manchin's remarks. 

In episode 5 of DC Dynamics: Plugging In, host Ray Beeman, Washington Council EY's (WCEY) managing partner, provides an update on the Build Back Better Act and discusses the behind-the-scenes reconciliation process known as the "Byrd Bath." In addition, Ray is joined by EY partner Ryan Abraham for a deep dive into the Build Back Better Act's energy tax incentives-- and the backstory of how lawmakers are taking a hybrid approach to address the differences between House and Senate energy proposals. From renewable electricity to renewable fuels and incentives for electric vehicles, Ryan digs in to all the proposals on the table that lawmakers hope will help combat climate change. 

In episode 4 of DC Dynamics: Landing the Plane, host Ray Beeman, Washington Council EY's managing partner, discusses the House passage of the Infrastructure Investment and Jobs Act and the ongoing negotiations of the reconciliation bill! Fasten your seatbelts, we may be coming in for a bumpy landing! 

In episode 3 of DC Dynamics, host Ray Beeman, Washington Council EY's managing partner, discusses the ongoing Congressional negotiations on the budget reconciliation bill that encompasses much of President Biden's Build Back Better agenda.

Ray Beeman, Washington Council EY's managing partner, hosts "DC Dynamics," a podcast about what's coming up in US tax policy, with a look to the past as our guide. DC Dynamics takes a high-level look at current developments and puts them into political and policy context. Heather Meade, who leads the WCEY health team, joins Episode 2 to discuss the Build Back Better plan, Reconciliation, and what lies ahead on the health care landscape.

Washington Council EY launches, "DC Dynamics," a podcast about what's coming up in US tax policy, with a look to the past as our guide. We'll take a high-level look at current developments and put them into political and policy context.