
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 is holding informal talks about a second round of tax cuts to announce during the 2020 presidential campaign.
The president, a lifelong New Yorker, has changed his primary residence to the Sunshine State, a move that could benefit his re-election campaign — and his tax bill.
The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.
Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.
Big-time college athletes could find themselves with a tax bill after a rule change that will allow student players to accept endorsement deals, according to Republican Senator Richard Burr.
The federal government is taking in less money but can’t tell if the shortfall is tied to the 2017 tax cuts or other factors like trade uncertainty, the Congressional Budget Office said in a letter.
The Internal Revenue Service isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
The House Ways and Means Committee approved legislation that would tax e-cigarettes, such as vaping devices, the same as tobacco products.
The Senate rejected a Democratic proposal that sought to give states leeway to help residents avoid the $10,000 limit on deductions for state and local tax payments.
Democrats are staging a long-shot attempt to chip away at the Republican tax law’s limit on state and local tax deductions, finding few GOP allies despite potential benefit for Republican-led states.
Millions fewer people got tax refunds this year under the tax law overhaul that altered rates and paycheck withholding starting in 2018, according to new figures from the IRS.
For Americans who couldn’t figure out how to pay their taxes in April after Republicans overhauled the tax code, there is a new day of dread for accountants: Oct. 15.
Treasury’s inspector general is investigating how the department handled a request from Congress to turn over President Donald Trump’s tax returns, which was rejected by Treasury Secretary Steven Mnuchin.
Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60 percent bigger.
Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since Congress overhauled the international tax system.
Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.
The GOP is more focused on making their first tax cut permanent.
The president spoke a day after deciding against cutting the tax on capital gains by indexing gains to inflation.
The president has decided against making an end-run around Congress to cut the tax on capital gains by indexing gains to inflation.
The senator is taking a slightly different approach to targeting the same non-wage income as proposals from Democratic presidential hopefuls.