Category: Federal Tax News & Updates

[ad_1] Treasury outlines ten-year revenue estimates for President Biden’s tax plans. The revenue proposals, posted yesterday, state that President Biden’s proposed 25 percent minimum income […]

[ad_1] Shutdown avoided again… for a little while. On Friday afternoon the Senate advanced and late Friday it passed a $460 billion package of spending […]

[ad_1] In 2021, the American Rescue Plan (ARP) temporarily but significantly expanded the federal child tax credit (CTC), and child poverty fell from 9.7 percent […]

[ad_1] Last night’s State of the Union address probably was President Biden’s last first-term speech to Congress. But it also was his first big-stage re-election […]

[ad_1] The Senate is set to vote on the House-passed funding package. The Senate is expected to vote on a bill that extends funding for four federal […]

[ad_1] A bipartisan tax plan that overwhelmingly passed in the House is now stuck in the Senate in part because of proposed changes to the […]

[ad_1] The House passed legislation to avert a partial government shutdown. The package of six bills reflects the compromise reached between the House and Senate […]

[ad_1] Will a battle over earmarks derail a vote on the current spending package? The Hill reports that conservative members in both the Senate and […]

[ad_1] Following release of the Organisation for Economic Co-operation and Development’s (OECD’s) model global minimum tax rules in December 2021, European Union member states and […]

[ad_1] On Capitol Hill this week. The House Ways & Means Subcommittee on Tax will hold a hearing this Thursday to consider the Biden Administration’s […]