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House Democrats who had threatened to block President Biden's tax and climate plan unless it also expanded the deduction for state and local taxes are signaling they'll back the legislation.
August 9 -
Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.
July 28 -
The West Virginia senator opposes changes to the state and local tax deduction.
July 28 -
Lawmakers introduced two bills that would affect the Child Tax Credit, the Lifetime Learning Credit and marijuana taxes.
July 21 -
The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.
July 14 -
Congress has returned from recess this week to a packed agenda and not much time before their scheduled summer recess.
July 13Wolters Kluwer Tax & Accounting North America -
What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.
May 10 -
The Supreme Court declined to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed by Congress in the 2017 tax law.
April 18 -
Two House Democrats have a new plan to provide a more generous state and local tax deduction.
February 24 -
Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.
February 9