Senate Likely to Take Up Tax Extenders Later This Year

Senate Finance Committee Chairman Charles Grassley (R-IA) released reports this week from three of the six task forces he charged with examining tax extenders. Grassley had initially said the task forces would report their findings by the end of June. Grassley and Wyden are hoping for solutions on which of the tax breaks should be… Read more »

House Votes to Repeal Cadillac Tax

The House on Wednesday easily passed legislation to repeal the “Cadillac tax” on high-cost employer-provided health insurance that was supposed to help pay for the Affordable Care Act. The 419-6 vote confirms that the Cadillac tax is deeply unpopular with both Republicans and Democrats despite having never taken effect. Delayed repeatedly by Congress, the tax… Read more »

Senate Finance Still Studying Tax Extenders

The task forces set up last month by Senate Finance Committee Chairman Chuck Grassley (R-IA) and ranking member Ron Wyden (D-OR) to study what to do about dozens of expired tax breaks are now hoping to wrap up their work by the end of July. Grassley had initially said the task forces would report their… Read more »

Outgoing Taxpayer Advocate Starts Nonprofit

National Taxpayer Advocate Nina Olson will retire at the end of July after 18 years as its chief and said last week that she is forming a nonprofit outside of the government to continue to champion taxpayers’ rights. Olson spoke candidly June 21 in a tax forum hosted by New York University School of Professional… Read more »

Tax Package Debate Likely to Be Protracted

Negotiations over a tax package that passed the House Ways and Means Committee last week are likely to draw out over the summer as lawmakers debate whether and how to offset the cost of various provisions. The Ways and Means Committee last week advanced four tax bills, including a measure to repeal the 21 percent… Read more »