May 22, 2025 | Legislation
On May 22, 2025, the U.S. House of Representatives narrowly passed H.R. 1, the “One Big Beautiful Bill Act,” by a vote of 215–214–1. This comprehensive legislation encompasses significant tax reforms, adjustments to Medicaid, and modifications to clean...
May 16, 2025 | Legislation
This week, the House Ways & Means Committee advanced a major tax package through reconciliation, marking a critical step toward enacting long-sought pro-growth business tax reforms. The markup included several provisions that the American Car Rental Association...
May 1, 2025 | Legislation
House T&I Committee Advances Budget Reconciliation Proposal On Thursday April 30, the House Transportation & Infrastructure (T&I) Committee approved its portion of the reconciliation package, meeting a required $20 billion in net savings. The committee’s...
Nov 3, 2024 | Legislation, Policy
ACRA submitted a letter to Rep. Vern Buchanan (R-FL), Vice-Chair of the House Ways and Means Committee and Rep. Greg Murphy (R-NC) to provide our industry’s view on full expensing, corporate tax rates, deductibility rules, among other topics. This letter urges...
