Richard Neal

The U.S. House of Representatives approved legislation that relaxes the rules for retirement savers and corrects an unintended side-effect of the 2017 tax law that hit children of military members who died in combat with higher-than-expected tax bills.

The state is on the cusp of enacting a law that could help congressional Democrats gain access to the president’s state tax returns.

Democrats will likely turn to the courts, embarking on a lengthy battle that could help define Congress’ powers to oversee the executive branch.

Steven Mnuchin may face a deadline of 5 p.m. Friday to comply with a subpoena to hand over President Donald Trump’s tax returns, but the pressure is really on a top House Democrat who has to decide how ferociously to respond to the Treasury secretary’s all-but-certain refusal.

Treasury Secretary Steven Mnuchin indicated he would refuse a subpoena for President Donald Trump’s tax returns, saying that the dispute between Congress and the administration will likely end up in court.

Tax credits worth billions of dollars for the wind and solar industries are set to expire or begin phasing out next year — part of a 2015 deal Democrats struck that ended a 40-year-old ban on the export of crude oil.

The state is poised to enact a law that would allow Congress to obtain the president’s state tax returns, but Congress may not take New York up on its offer.

House Democrats issued two subpoenas to compel Treasury Secretary Steven Mnuchin and IRS Commissioner Chuck Rettig to release President Donald Trump’s tax returns, House Ways and Means Chairman Richard Neal said.

The House Ways and Means Committee held a hearing Thursday to examine what's behind the estimated gap of approximately $460 billion between taxes owed and actually paid.

President Trump defended his real estate tax strategy saying his business was “entitled” to write-offs following a New York Times investigation that showed he reported losses of $1.17 billion between 1985 and 1994.