Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate GOP Tax Bill Would End Federal Taxes on Many Guns, Silencers
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Wind, Solar Credits Set to End Early in Senate Republican Tax Bill
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
Senate Republicans Unveil Revised Tax Cuts and Debt Limit Bill
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
Senate Panel Rolls Back SALT Cap to $10,000 in Trump Budget Bill
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.
Taxes June 6, 2025
Trump’s ‘Big, Beautiful Bill’ is Floundering in the Senate as Musk Attacks Intensify
The current feud between President Donald Trump and Elon Musk is increasing pressure on the White House over its signature legislation known as the “One Big Beautiful Bill Act”—a bill under intense scrutiny in the Senate.
State and Local Taxes June 6, 2025
Fight Over a SALT Cap Deal Hits a Snag in the Senate
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
Taxes June 3, 2025
Senate Faces Delicate Balancing Act on Reconciliation Tax Package
It's not clear yet how extensive the changes to the House's nearly $4 trillion tax package will be, but lawmakers and interest groups see plenty of opportunities for tweaks to suit their needs.
Taxes May 22, 2025
Senate Republicans Vow Changes to Trump Tax-and-Spending Megabill
Landmark legislation that was passed in the House early Thursday, a development that was celebrated by President Trump, faces an uncertain future among Senate Republicans.
Taxes May 20, 2025
Senate Unanimously Passes No Tax on Tips Act
The bill, which eliminates federal tax on tips for hospitality workers and servers, passed via unanimous consent on Tuesday after Democratic Nevada Sen. Jacky Rosen brought it to the floor and no other senator blocked it.
IRS May 2, 2025
Trump Nominates Donald Korb for Second Go-Around as IRS Chief Counsel
Korb, a partner at law firm Sullivan & Cromwell who served as IRS chief counsel during the George W. Bush administration, would need to be confirmed by the Senate in order to fill the role at the agency.
SEC April 10, 2025
Wall Street Consultant Paul Atkins Confirmed to Head SEC
The U.S. Senate confirmed Paul Atkins as chair of the U.S. Securities and Exchange Commission, ushering him into the role only a week after President Donald Trump’s sweeping tariffs unleashed market turmoil.