Make Your Voice Heard on Capitol Hill
Reconciliation 2.0: This week, Senate Budget Committee Chairman Lindsey Graham (R-SC) released the text of the FY2027 budget resolution that would open the door for a second reconciliation bill, which is intended to fund the Department of Homeland Security’s (DHS) Immigration and Customs Enforcement (ICE) and portions of the Customs and Border Protection (CBP) agencies through the remainder of the Trump administration. Get the facts.
Bisignano Testifies Before Senate Finance on Tax Day: On April 15, the Senate Finance Committee held a hearing titled “IRS 2026 Filing Season and IRS Operations,” featuring Internal Revenue Service (IRS) CEO Frank Bisignano. Lawmakers quizzed Bisignano about the 2026 filing season’s performance, the Trump administration’s elimination of the Direct File program, IRS modernization, and concerns about Bisignano’s dual leadership of the IRS and Social Security Administration. Get the facts.
Smith, Moore Introduce the Trump Accounts for All Generations Act: Reps. Adrian Smith (R‑NE) and Blake Moore (R-UT) introduced H.R.8313, the Trump Accounts for All Generations Act, to make the federal program permanent. The bill would extend and expand the existing pilot program created under the One Big Beautiful Bill Act (OBBBA), which currently provides a one‑time $1,000 federal contribution to a tax‑advantaged “Trump Account” for eligible newborns. Get the facts.
Ranking Member Wyden Introduces Bills Focused on Wealthy Taxpayers: Last week, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced a series of bills, a number of which are carried over from prior congresses, aimed at closing loopholes and changing provisions, which he claims only benefit wealthy individuals. On April 16, Sens. Wyden, Sheldon Whitehouse (D‑RI), and Angus King (I‑ME) introduced S. 4330, the Ending the Carried Interest Loophole Act. Get the facts.
Warren Fails in Attempt to Pass Direct File Legislation by Unanimous Consent: On April 15, Sen. Elizabeth Warren (D-MA) attempted to advance S. 3948, the Direct File Act on the Senate floor by seeking unanimous consent (UC) to pass it. The bill would restore and make permanent the IRS’ Direct File program, which would allow taxpayers to file their returns directly with the IRS for free. Get the facts.
Treasury Department Says Over 53 Million Filers Claimed OBBBA Provisions: On Tax Day, the Treasury Department released data on the four new “no tax” deductions under the OBBBA and the volume of taxpayers claiming them during the 2026 filing season, showing that over 53 million filers claimed at least one of the provisions. The average overall refund hit $3,400 per return, which is an 11% increase from the prior year. The release notes that the average tax cut for filers claiming one of these provisions exceeded $800 and highlighted broad use of the new provisions. Get the facts.
Digital taxes, CARF, and anti-abuse measures explained. Appropriations breakdown, audit impacts, and what it means for high earners. The latest on wealth taxes. Click here.
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