Partner Jennifer Breen has commented on the GOP’s new tax bill in a Bloomberg Tax article. The legislation seeks to safeguard the US Treasury Department from potential legal challenges following the Loper Bright ruling.
Breen highlighted that the directives for the Treasury within the bill are “more deliberative and detailed” than what is typically seen. She added that this increased specificity “may be aimed at reinforcing the Treasury’s authority to issue regulations in anticipation of potential challenges.”
The full details can be accessed through Bloomberg Tax, although a subscription may be required.
