News

Raw Story on MSN1h
'Political swamp is open for business': WSJ's conservative editors hammer GOP's tax plan
The conservative Wall Street Journal editorial board is thoroughly unimpressed with the latest draft of House Republicans' ...
Journal of Accountancy1h
Ways and Means releases proposed TCJA extensions and tax changes
The 389-page bill includes numerous tax provisions, including a top individual income tax rate of 37%. An AICPA statement ...
Accounting Today5h
House committee marks up tax bill
The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of ...
Money Talks News on MSN6h
Is a $30K Tax Deduction Headed Your Way? What the GOP Plan Means for You
A proposed increase to the SALT deduction cap would primarily benefit upper-middle-income households in high-tax states like ...
JD Supra9h
House Ways and Means Committee releases draft tax amendments for 2025 Reconciliation Bill
On Friday, May 9, the House Ways and Means Committee released a portion of its draft tax legislation (the “House Draft Bill”) to amend the ...
Committee for a Responsible Federal Budget14h
Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
The Ways & Means bill contains numerous new tax cuts and breaks, most of which will sunset expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...