Ryan Planning Tax 2.0 Vote This Month

House GOP leaders are still planning a vote on a second round of tax cuts this month, despite the potential conflict for House Republicans running close races in high-tax blue states this fall. The “Tax 2.0” package would make permanent all the individual tax changes in last year’s Tax Cuts and Jobs Act, including a… Read more »

House Republicans Rethinking Tax 2.0 Bill

House Republicans are still intent on passing a second round of tax cuts before the November elections, but controversy over how to address the tax law’s $10,000 cap on state and local tax deductions is giving GOP tax-writers pause in drafting a package. The SALT cap, which under the Tax Cuts and Jobs Act is… Read more »

Congress Preparing its Fall Agenda

Congress and the Trump administration are facing crunch time on a number of important issues heading into the fall and the November midterm elections. First, House and Senate leaders are trying to get nine of 12 annual spending bills signed into law before the new fiscal year begins on Oct. 1. Congressional Republicans want to… Read more »

Senate Back in DC to Take Up Spending Bills

The Senate is back to work today after an abridged recess, with plans to keep the appropriations process on track and consider some more nominations. The House will not return to session until Sept. 4, but Senate Majority Leader Mitch McConnell (R-KY) wants to hammer out spending bills for Defense and the Departments of Labor… Read more »

Treasury Challenged on Donor Disclosure Decision

Senate Democrats continue to seek more information about the Treasury Department’s recent decision to revoke a long-standing requirement that certain tax-exempt organizations report the names and addresses of donors to the Internal Revenue Service (IRS). Last week, Sen. Ron Wyden (D-OR), ranking member of the Senate Finance Committee, sent a letter to Treasury Secretary Steven… Read more »