Taxes June 27, 2025
Trump Hints July 4 Deadline Could Change for Tax Bill
“It’s not the end-all. It can go longer,” Trump told reporters at a White House press conference on June 27. “But we’d like to get it done by that time, if possible.”
Taxes June 27, 2025
Tax Carveout for Hillsdale College Ruled Out of Trump’s Bill
The Senate parliamentarian concluded that a section of the tax bill exempting a small number of religious schools, including the Christian liberal arts college in Hillsdale, MI, violated the chamber's procedural rules for the budget reconciliation process.
Taxes June 26, 2025
House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump’s Tax Bill
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”
Taxes June 24, 2025
GOP Considers Canceling Recess to Wrap Up Trump’s Tax Bill
Republican leaders are stepping on the gas to get the giant budget package to President Donald Trump's desk before his July 4 deadline.
PCAOB June 23, 2025
PCAOB Gets New Life—For Now—Thanks to the Senate’s Nonpartisan Referee
Republican lawmakers' plan to fold the PCAOB into the SEC hit a snag last Thursday when it was determined in the Senate that the provision in the GOP tax-and-spending bill violates the "Byrd Rule."
Payroll June 23, 2025
What is a ‘Trump Account’ and How Can it Help New Parents and Their Babies?
Under the tax-and-spending bill currently in Congress, qualifying parents of newborn children through Dec. 31, 2028, will receive $1,000 for what’s being called a Trump Account. It could be opened by a parent or guardian.
Payroll June 20, 2025
White House: Families in These States Would Benefit the Most From Trump Tax Bill
The state-by-state analysis lists the anticipated increases to take-home pay for a “typical family with two kids” and the “long-run wage increase” for families, adjusted for inflation.
Taxes June 20, 2025
Trump’s Plan to Tax Money Sent Abroad Could Impact Latin America, Caribbean Economies
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
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.