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Senate Republicans restored major Medicaid cuts to Trump's signature economic legislation, re-fashioning a key provision to overcome a procedural obstacle.
June 29
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The $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance, GOP leaders and Republican holdouts.
June 29
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President Trump said he was ending all trade discussions with Canada in retaliation for its digital services tax, and threatened to impose a fresh tariff rate.
June 27
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Senate Republicans appear to be making progress in resolving differences with House Republicans in the state and local tax deduction and other matters.
June 27
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The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for five years.
June 27
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The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.
June 27
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Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.
June 27
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ICPAS bestows 2025 Lifetime Achievement Award; UHY appoints first chief growth officer; and more news from across the profession.
June 27
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AI-driven firms fail to mention that if their AI-generated tax advice results in an audit, their customers, not the firms themselves, are held legally liable.
June 27
W. Paul Mattox, CPA -
Plus, K1x launches 1099 aggregator; Ledgre announces tax assistant for rental property owners; and other accounting tech news.
June 27
