
Laura Davison
Capitol Hill tax reporterLaura Davison is a Capitol Hill tax reporter at Bloomberg News
Laura Davison is a Capitol Hill tax reporter at Bloomberg News
The White House plans to target a series of high-profile tax breaks worth tens of billions of dollars for wealthy investors and corporations.
The president is proposing a series of tax increases on billionaires, rich investors and corporations.
Rep. George Santos' first bill in Congress aims to boost the deduction from $10,000 to $50,000.
The former president papered the IRS with a deluge of Freedom of Information Act requests in search of a behind-the scenes look at its deliberations.
This year should be a better experience for taxpayers, with the IRS receiving additional funding, adding 5,000 customer service representatives, and reducing a large backlog of tax returns.
The House voted to repeal billions of dollars of Internal Revenue Service funding that Democrats approved last year, an issue that is likely to crop up repeatedly this year.
Rep. Jason Smith will lead the powerful House Ways and Means Committee.
The earliest the information would be released is Dec. 27.
The Internal Revenue Service would be legally mandated to annually audit the president and publish the results under legislation passed by the House.
Dozens of audit triggers litter Donald Trump's tax returns, according to Congress's top nonpartisan tax lawyers.