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Tax Policy Update
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Join other hard-working American taxpayers in asking Congress NOT punish success, taking a lifetime of savings.
The Senate voted to pass the $750 billion Inflation Reduction Act (H.R. 5376) along party lines (51-50) this afternoon, concluding a marathon session that began Saturday evening. As expected, Vice President Kamala Harris cast the tie-breaking vote to approve the bill. The legislation will now be sent to the House of Representatives for consideration. House leadership announced last week that the chamber will return on Friday, Aug. 12 to vote on H.R. 5376. The House is not expected to make further changes to the legislation, and House passage of an unaltered bill would send it to President Joe Biden’s desk for final signature.
Senate Concludes Vote-a-Rama, Passes Inflation Reduction Act. Taxation & Representation.
The Senate concluded its vote-a-rama on H.R. 5376 earlier today after approximately 15 hours of activity. The vote-a-rama was preceded by four hours of debate on the bill. Click here to see our final vote-a-rama tracker, which includes descriptions of the amendments, notes on discussion and information on final votes.

To read more about the amendments and the process of their passage, please click below.

Our thanks to Brownstein Hyatt Farber Schreck for this report. Read more about the amendments and the process of their passage.

Upcoming Events

  • August 11: BNY Mellon, Newport Beach, CA
  • August 23: Tolleson Presentation, Dallas, TX
  • August 24: Little Rock Meetings, Little Rock, AR
  • September 8: University Business Center, Fresno, CA
  • September 13, 14, 15: Goering Center Annual Awards Dinner, Cincinnati, OH
  • September 21: PATG Annual Supporters FEUSA Members Meeting in Washington, DC
Stay safe and healthy,
Pat Soldano
President; Policy and Taxation Group
[email protected]
712 H Street NE Suite 1091
Washington DC 20002
(202) 681-8365‬
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.

The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
About Policy and Taxation Group
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
Have questions or would like more information about becoming a Supporter or donating? Please contact John Marino at [email protected].
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