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Potential new provisions could create a seismic shift in tax.
October 28 -
Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns.
October 19 -
The proposal would have banks report on accounts with more than $10,000, instead of the original $600.
September 28 -
One suggested that a two-year repeal of the $10,000 cap will be the final solution.
September 28 -
An in-depth look at the provisions being considered for the new legislation.
September 21 -
The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.
September 20 -
Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.
September 15 -
House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.
September 14 -
Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.
September 13 -
Two senior Democratic senators proposed the tax in an effort to boost investment and reduce what they termed 'tax avoidance.'
September 10