IRS

U.S. House GOP outlines agenda in bid for control in the midterms

BY: - September 27, 2022

WASHINGTON — U.S. House Republicans gathered inside a warehouse in Southwestern Pennsylvania last week to outline the legislation they’d try to enact if voters give them back control of that chamber following the November midterm elections. Speaking from an HVAC factory in Monongahela, about an hour south of Pittsburgh, House Republican leader Kevin McCarthy said […]

GOP claims to the contrary, Sen. Brown says extra IRS funds will make the rich pay up

BY: - September 6, 2022

The Inflation Reduction Act signed last month by President Joe Biden does some things that poll well with Americans. It attempts to lower the cost of prescription drugs for seniors, it extends health care subsidies for lower-income people and it’s a significant attempt to combat climate change. So in criticizing the bill, many Republicans have […]

U.S. House Democrats send sweeping climate, health and tax legislation to Biden

BY: - August 15, 2022

WASHINGTON — The U.S. House on Friday cleared Democrats’ long-sought climate, health care and tax package, sending it to President Joe Biden for his signature. The roughly $750 billion measure is much smaller than the $2 trillion reconciliation package the House originally sent to the Senate in November. The final product left out dozens of […]

How the Trump tax law created a loophole that lets top executives net millions

BY: - August 24, 2021

By Robert Faturechi and Justin Elliott, Pro Publica This story was originally published by ProPublica. In the months after President Donald Trump signed the Tax Cuts and Jobs Act in December 2017, some tax professionals grew giddy as they discovered opportunities for their clients inside a law that already slashed rates for corporations and wealthy […]