General News February 20, 2026
Trump Announces New 15% Global Tariff After Supreme Court Rules Prior Tariffs Invalid
Under the law, the new tariffs can last for only 150 days. An extension would require congressional approval.
General News February 20, 2026
Under the law, the new tariffs can last for only 150 days. An extension would require congressional approval.
Small Business February 20, 2026
Even though tariffs are a centerpiece in the president’s economic agenda, the Republican-controlled Congress likely cannot pass trade legislation without Democratic support.
Taxes February 18, 2026
Rep. Kevin Kiley says he will introduce the "Keep Jobs in California Act of 2026" on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.
Taxes February 12, 2026
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
Taxes February 12, 2026
Oregon Democratic Sen. Ron Wyden introduced a bill Feb. 10 to block the president from receiving any payout, by levying a 100% tax on it. The legislation is unlikely to move given Republicans’ majority in the Senate.
Taxes February 5, 2026
Congress took steps on Wednesday toward blocking changes to D.C.’s local tax code, even as District officials warned it could wreak havoc on tax season and smash a hole in the city’s budget.
General News February 3, 2026
The 217-214 vote sent the retooled spending package to President Donald Trump’s desk for his expected signature as soon as later Tuesday.
Taxes February 3, 2026
The House is preparing to vote on a disapproval resolution this week that would reverse a recent measure passed by the D.C. Council that separates some local tax policies from the revamped federal tax code.
Taxes January 27, 2026
Florida Rep. Vern Buchanan, a longtime member of the tax-writing House Ways and Means Committee, said Jan. 27 that he will not seek reelection after nearly two decades in Congress.
Taxes January 23, 2026
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes January 20, 2026
U.S. Reps. Chris Pappas (D-N.H.) and Mike Lawler (R-N.Y.) are proposing a temporary 75% federal tax credit for moderate-income families that pay more than 3% of their annual income on energy costs.
Taxes January 20, 2026
The Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act would restore the long-standing rule allowing gamblers to deduct 100% of their gambling losses against their winnings.