After a long negotiation, Senators Joe Manchin and Chuck Schumer announced they had come to an agreement on the Reconciliation Bill yesterday evening. While no details are available at this time, it is widely reported there will be significant tax law changes intended to pay for the climate change and health care provisions. This bill will likely be fast-tracked through the legislative process.
Somerset will continue to monitor this bill as it moves through Congress and will provide additional information as it becomes available. We want you to understand how the bill may impact you.
If you have questions about these provisions and the potential impact your particular circumstances, please reach out to your Somerset advisor. If you don’t work with Somerset, now is a great time to get acquainted! Please reach out to us at 317.472.2200 or with any questions.