Congressional Republicans yesterday passed the most sweeping overhaul of the tax code since 1986, delivering a much-needed legislative victory to the GOP and President Trump before the holidays. The plan cuts the corporate tax rate dramatically and will lower taxes for the vast majority of American families in 2018, though critics have pointed out that… Read more »

The House Ways and Means Oversight Subcommittee held a hearing Dec. 13 to discuss ways to restructure the IRS. Oversight Subcommittee Chairman Vern Buchanan (R-FL) said he is working on legislation that could be introduced next year that would make changes to the agency. Congressional Republicans have cut the IRS budget by nearly 20 percent… Read more »

Category: IRS

The FCC today voted 3-2 along party lines to end Obama-era net neutrality rules that were put in place to force internet providers like Verizon and Comcast to treat all web traffic equally. FCC Chairman Ajit Pai, who voted against net neutrality as a minority commissioner under the Obama administration, has argued that the rules… Read more »

As congressional Republicans continue to fast-track a massive overhaul of the tax code before the end of the year, House Ways and Means Committee Chairman Kevin Brady acknowledged that Congress will likely have to take up legislation next year to fix any glitches and unintended consequences in the bill. “I’m certain there will be technical… Read more »

Congressional Republicans say they have hashed out the final details of their sweeping tax bill and are planning to hold final votes on the conference committee report early next week. The negotiated plan includes a 21 percent corporate tax rate and a 37 percent top tax rate for individuals, beginning in 2018. “Pass-through” businesses that… Read more »