In a midterm election year, the policy agenda is as much about political positioning as about legislating. With narrow margins in Congress and legislative control at stake, both parties are shaping their agendas around what will resonate with voters in the months ahead, and tax policy is sure to remain a central focus. 

Implementing the Tax Bill 

Republican lawmakers used 2025 to advance their agenda through the One Big Beautiful Bill Act (H.R. 1), and now attention in Washington has shifted to implementation. This phase presents an opportunity for stakeholders to weigh in on how new provisions are applied and reveals areas where technical corrections may be necessary. 

One provision already drawing concern that may require Congressional ac…