State and Local Taxes June 6, 2025
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
State and Local Taxes June 6, 2025
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
Taxes June 4, 2025
There has been a lot of talk in hockey circles recently how a select group of teams possibly have an upper hand in the NHL because they play in states without an income tax.
Taxes June 3, 2025
It's not clear yet how extensive the changes to the House's nearly $4 trillion tax package will be, but lawmakers and interest groups see plenty of opportunities for tweaks to suit their needs.
AICPA May 29, 2025
The AICPA also made recommendations to ensure that the Senate version of the bill would not needlessly disadvantage certain taxpayers but would protect taxpayers.
Taxes May 22, 2025
House Republicans sent to the Senate a filibuster-proof package that would deliver the major elements of President Donald Trump’s legislative agenda, from tax cuts and border security to lifting the nation’s borrowing limit.
Taxes May 22, 2025
House Republican leaders released a new version of President Donald Trump’s massive tax-and-spending bill Wednesday night in a bid to win over warring GOP factions to support the legislation.
Taxes May 21, 2025
Republicans Wednesday were closing in a on deal to raise the cap on deducting state and local taxes to $40,000 a year, a key breakthrough that would boost passage of President Trump’s sprawling budget bill.
Taxes May 20, 2025
Republican leaders had hoped the high-profile presidential visit would close deal on Trump-backed “big, beautiful” filibuster-proof reconciliation bill Tuesday.
Taxes May 20, 2025
President Trump headed to Capitol Hill Tuesday to push squabbling Republican members of Congress in person to set aside differences and pass his sprawling budget bill.
Taxes May 18, 2025
“Allowing the top tax rate to expire—returning from 37% to 39.6% for individuals earning more than $609,350 and married couples earning more than $731,200—breathes $300 billion of new life into the effort." Rep. Nick LaLota posted on X.
Taxes May 16, 2025
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 15, 2025
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.