Taxes Articles

Senators Renew Efforts, Yellen Defends 2024 Budget Proposals, CBO Report, and More

Senators Renew Efforts to Reverse R&D Tax Modification. Last Friday, a bipartisan coalition of 12 senators introduced the American Innovation and Jobs Act to increase incentives for businesses that invest in domestic research and development (R&D). Spearheaded...

FY2024 Budget Request Includes Tax Proposals for Wealthy Americans. Summary and Analysis.

On Thursday, March 9, President Joe Biden released his $6.9 trillion Budget and various accompanying documents. Separately, the Treasury Department released its Green Book, which provides more detailed descriptions of the tax proposals in the budget along with...

Biden Budget Proposal, Committee Updates, IRS Leak Investigations, and More

Tax Tidbit   Biden to Release 2024 Budget Proposal Later this Week. On March 9, President Joe Biden will send his updated budget proposal to Congress, outlining the administration’s policy priorities for fiscal year 2024. Biden is expected to officially unveil...

Taxation & Representation, Senate Confirmation, House Set to Vote, and More

Tax Tidbit Werfel Faces IRS Funding Questions on Route to Likely Senate Confirmation. On Wednesday, Feb. 15, the Senate Finance Committee held a hearing to consider the nomination of Danny Werfel to be commissioner of the IRS. This is the first step in the nomination...
Post-Midterms Analysis

Post-Midterms Analysis

As votes continue to be counted, it is clear the election was unexpectedly tighter—and better for Democrats—than most...

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Washington Policy Update

Washington Policy Update

General Updates Government Funding: With Congress unable to reach a consensus on appropriations bills for fiscal year...

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