Lexology August 13, 2025
The congressional budget reconciliation bill, which President Donald Trump signed on July 4, 2025, includes various provisions of interest to employee benefits and executive compensation attorneys.
No Impact on Tax Provisions Related to Employer-Sponsored Health and Retirement Benefit Plans
The GOP mega budget reconciliation package made no changes to individual and business tax provisions that concern employer-sponsored health and retirement benefit plans. Discontinuation or decreases in retirement tax benefits were a possibility when Congress was considering the 2017 Tax Cuts and Jobs Act, so changes were anticipated during this congressional session. President Trump had also claimed during his campaign that he would repeal the “interest loophole” that allows professional investors to pay long-term capital gains rates on their earned...
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