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Tax News & Views

Tax News & Views, published by the Deloitte Tax LLP Tax Policy Group in Washington, DC, provides a compact, reader-friendly perspective on the latest tax developments coming out of Congress affecting businesses and high-wealth individuals.

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January 30, 2015

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January 30, 2015

Finance Committee OKs exception to PPACA employer mandate: The Senate Finance Committee unanimously approved legislation that would permit an employer to exclude employees who are covered under a health care program administered by the Department of Veterans Affairs or the Department of Defense in calculating the number of its full-time employees for purposes of the employer mandate enacted under the Patient Protection and Affordable Care Act.

House votes on selected permanent extenders set for February, McCarthy says: House Majority Leader Kevin McCarthy, R-Calif., announced that the chamber will vote in February on legislation that would permanently extend a number of lapsed tax incentives intended to promote charitable giving and benefit small businesses.

Boxer and Paul to introduce repatriation bill tied to transportation funding: Sens. Barbara Boxer, D-Calif., and Rand Paul, R-Ky., announced that they will introduce legislation that would create a temporary holiday for repatriating foreign earnings and earmark any resulting revenue for the Highway Trust Fund.

CBO report paints improving near-term, gloomy long-term fiscal picture: A new Congressional Budget Office report detailing the nonpartisan agency’s 10-year projections of federal revenues and spending shows budget deficits declining over the next few years, but beginning an inexorable ascent later in the decade.

Ahead of budget release, White House strikes proposal to tax earnings on 529 plans: President Obama’s fiscal year 2016 budget package suffered its first casualty just days before its scheduled release as the White House announced that it will scuttle a provision that called for repealing the tax-free status of earnings on new contributions to section 529 plans.

Archive

January 23, 2015
President pushes middle-class tax relief, upper-class tax hikes in State of the Union message

January 16, 2015
Finance Committee forms tax reform working groups

January 9, 2015
House OKs dynamic scoring requirement, takes aim at PPACA employer mandate

December 19, 2014
Tax extenders bill becomes law

December 16, 2014 - Special Edition
Senate approves one-year tax extenders package; president’s signature expected

December 12, 2014
Senate extenders timetable in flux

December 5, 2014
Senate likely to accept House-passed extenders bill, Wyden says

December 3, 2014 - Special Edition
Extenders in limbo after White House nixes potential deal

November 26, 2014
Extenders in limbo after White House nixes potential deal

November 21, 2014
Ryan tapped as top House taxwriter

November 14, 2014
Party leadership elections dominate as Congress returns for lame duck session

September 23, 2014 - Special Edition
Treasury releases inversion guidance

September 19, 2014
Inversion guidance imminent, Lew says

September 12, 2014
Inversion debate resumes with no clear path forward

September 5, 2014 - Special Edition
Big plans – but little time – as Congress returns from August recess

August 1, 2014
Short-term highway funding fix heads to the White House

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