Tax

The dapper, voluble congressman from Harlem used his perch on the House tax-writing committee to advocate for inner cities and the people who live there.

Investors in nations with tax regimes that the U.S. deems unfair would face higher tax rates on income earned in the U.S. if the tax bill becomes law.

The measure would clamp down on energy tax credits created or expanded by the 2022 Inflation Reduction Act by imposing a slew of new restrictions.

Here's a rundown of the House bill's main provisions impacting people and businesses.

The far-reaching legislation would transfer the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission.

The reconciliation process allows tax and spending legislation to pass with a simple majority in the Senate, but the bill still needs to survive the Byrd Rule.

The bill would end clean electricity tax credits for sources like wind and solar starting in 2029 and require projects to begin construction within 60 days.

It would extend Trump's first-term tax cuts due to expire Dec. 31, along with new tax relief including raising the limit on deducting state and local taxes.

Cheating on your taxes is bad, m'kay?

Accountants are helping worried companies deal with the possible fallout from drastic tariff and tax changes.