House Budget Bill Stalls in Committee, Throwing Off Timeline
Editor’s note, 5/19/2025: The committee held a second vote Sunday evening and the bill advanced by a slim 17-16 margin. …
Senate Taxwriters Weigh in on House Reconciliation Bill Cliffs, Timing
Senate Finance Committee Chair Mike Crapo (R-ID) and member Senator Steve Daines (R-MT) shared their thoughts on House reconciliation efforts …
SALT Cap Proposal Subject to Change as Tax Bill Advances
House Republicans are not aligned on how to address the Tax Cuts and Jobs Act’s cap on state and local …
Experts Delve into Business, Manufacturing Provisions in House Tax Reform Bill
With the House Ways and Means Committee debating the tax portion of a reconciliation bill, tax professionals discussed key provisions for businesses …
Policy, Budget Impacts of GOP Tax Bill Key Provisions
The House Ways and Means Committee shared a portion of its plans to address expiring provisions of the 2017 Tax Cuts and …
House Ways and Means Releases Partial Tax Bill Text
On Friday, May 9, the Ways and Means Committee shared partial text for the tax portion of a reconciliation bill …
Small Business Reps Divided on Trump Tax Cuts
As House taxwriters prepare for a possible markup of major tax legislation, ‘Main Street’ business owners and organization affiliates shared differing …
Tax Policy Groups Seek Withdrawal of Partnership Basis Shifting Guidance
The IRS should withdraw guidance issued last year providing that certain partnership transactions between related parties lack economic substance when …
Bessent Discusses Vision for IRS, Tax Reform with Lawmakers
House appropriators questioned Treasury Secretary Scott Bessent about shifting priorities for the IRS under the Trump administration and ongoing tax …
House Bill Would Expand Protection from State Income Taxation Under P.L. 86-272, Invalidating State Interpretations
Last Wednesday, the House Judiciary Committee advanced a version of the federal reconciliation bill that would arguably enact the most significant Congressional …