Finance, investment and tax-related legislation

Congress has returned from recess this week to a packed agenda and not much time before their scheduled summer recess.

The Senate GOP leader said he will block bipartisan legislation to boost U.S. competition with China.

A senior member of the House Ways and Means Committee has introduced legislation to double the size of the research and development tax credit and enable more small-business startups to claim it.

With two congressional recesses and an election coming up, time is running out.

A congressional appropriations committee wants to give the Internal Revenue Service $1 billion more in funding to improve taxpayer service and technology and make the overall tax system fairer.

Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country.

The legislation is one of the most ambitious attempts to regulate the volatile asset class.

An inside look at the provisions of the new bill as it makes its way to the Senate.

The House voted Friday to decriminalize marijuana, expunge federal convictions on pot-related charges and impose taxes on cannabis producers and importers.

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

The bill will cover a range of issues, including banking, taxes, privacy and consumer protection.

Several states have taken steps to temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level.

Sen. Sheldon Whitehouse is pitching a tax on oil companies as part of a broader plan to mitigate the impact of inflation on middle-income families.

The IRS has long looked askance at some land-conservation deals, but proponents are lobbying hard to protect them in Congress.

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance.

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

The Build Back Better bill looks likely to only be considered in January 2022, and that likely in less radical form.

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.

Failure could imperil the backbone of the party’s messaging for the midterm elections.

In a statement, the president expressed confidence that the measure would eventually pass and urged patience as negotiations continue.