Tax policy in challenging times

January 2010
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Tax policy in challenging times: 2010 tax legislative outlook

At a glance

This PwC publication offers a preview of the challenges facing the Congress in 2010, including economic growth and job creation, expired tax provisions, international tax reform proposals, deficit reduction, tax-related priorities such as health care reform and climate change, and other tax policy matters of importance to today's business leaders.

2010 tax legislative outlook

President Barack Obama and Congress this year are expected to focus on job creation policies, including tax incentives, in advance of the 2010 Congressional elections. At the same time, the priorities the Obama Administration set in 2009, including health care reform, climate change, and international tax reform, have carried over, leaving Congress with a full agenda of tax-related issues in an election year.

With key tax legislation still undecided and the expiration of significant individual tax provisions looming, US companies are taking steps both to monitor and plan for significant legislative changes that may affect the way business is done domestically and abroad.

In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the challenges facing the Congress in 2010, including economic growth and job creation, expired tax provisions, international tax reform proposals, deficit reduction, tax-related priorities such as health care reform and climate change, and other tax policy matters of importance to today's business leaders.