Jun 27, 2022 | Blog, In The News, Income Tax, Policy And Taxation Group, Taxes
Congressional Democrats are still hoping they can pass some version of the Build Back Better Act (BBBA), the budget reconciliation vehicle to advance some of President Joe Biden’s legislative policies, prior to the August recess. Due to Sen. Joe Manchin’s (D-WV)...
Jun 22, 2022 | Blog, Family Businesses, Generationally Owned Business, In The News, Income Tax, Pat Soldano, Policy And Taxation Group, Taxes
Increased Taxes for Individuals, Corporations, Capital Gains Still “Very Much Alive,” According to National Tax Experts Several key legislative proposals are on Congress’ table in the next 60 days and many, if passed, will adversely affect families and family...
Jun 15, 2022 | Blog, In The News, Income Tax, Taxes
Treasury Secretary Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee this week to discuss the Biden administration’s fiscal year 2023 budget proposal for the Treasury Department. She appeared first before the...
Jun 7, 2022 | Blog, In The News, Income Tax, Taxes
The House and the Senate reconvene Tuesday at 2 p.m. and Monday at 3 a.m., respectively. What to Watch Both chambers will be in session this week. The August district work period and the subsequent midterm elections are on the horizon, which means that legislative...
May 20, 2022 | Blog, In The News, Income Tax, Taxes
On Tuesday, May 18, the House Ways and Means Subcommittee on Oversight held a hearing on taxpayer fairness at the Internal Revenue Service. The following witnesses testified before the committee: Ken Corbin, Commissioner for Wage and Investment and Chief Taxpayer...
Apr 9, 2022 | Blog, In The News, Income Tax, Taxes
Seeking Further Action on USICA: This week, over 100 lawmakers were named to the bicameral conference committee on Congress’s China bill. The large number of conferees does not engender confidence in an expeditious outcome. Moreover, the reports stated that House...
