As reported by Reuters, Treasury Secretary Steve Mnuchin has said that a proposed middle-class tax cut that President Trump floated just ahead of the recent November elections is not a focus of the administration’s efforts on taxes. Instead, Mnuchin said that the administration would focus its efforts on fixing issues with the 2017 tax reform law, the Tax Cuts and Jobs Act (TCJA, P.L. 115-97, 12/22/2017).
More answers
CPAs Urge IRS to Retain Full Workforce During Possible Shutdown
The American Institute of CPAs (AICPA) is urging the IRS and Treasury to release a contingency plan that retains 100% …
South Carolina enacts “Heirs’ Property Tax Relief Act”
By Maria T. Albanese, JD, LL.M, Checkpoint News South Carolina has enacted the “Heirs’ Property Tax Relief Act”, which creates …
PCAOB member Botic urges renewed work on auditor metrics disclosure rule
Public Company Accounting Oversight Board (PCAOB) member George Botic said the board should continue working on a rule that would …