Gaining what he termed "momentum" in overhauling Social Security, Treasury Secretary John Snow said he expects House lawmakers to draft a reform proposal for the 70-year-old program when they return from the July 4th recess."There is real momentum," Snow said in a radio interview held earlier this week. "We need to keep this moving forward and we need to keep hearing from more people."Snow said he expects the Senate to address Social Security reform sometime this summer. The hope is that some form of resolution can be reached before the end of the year.However, Democrats have voiced staunch opposition to any Social Security reform plans that entail the creation of personal or private accounts.
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The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPA's, Raymond Chabot Grant Thornton, and PWR CPAs.
8h ago -
The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.
8h ago -
Wiss hosts third annual summer financial literacy program; Schneider Downs adds five shareholders; and more news from across the profession.
11h ago -
Plus, Abacus announces $6.6 million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.
July 11 -
Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.
July 10 -
Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting.
July 10