Tax News & Views

Capitol Hill briefing.

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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June 18, 2021

Bipartisan Senate infrastructure ‘framework’ adds backers, Democrats plot budget reconciliation strategy
The prospects for an infrastructure package negotiated by a bipartisan group of senators appeared to brighten as more than one-fifth of the upper chamber lent its support to that effort; still, Senate Democratic budget writers and party leaders began plotting a path forward for a fiscal year 2022 budget resolution with reconciliation instructions that potentially could be used to move infrastructure-related provisions and tax policy changes to President Biden’s desk without Republican support.

Taxwriters focus on international issues, tax gap at FY 2022 budget hearings
Issues around the taxation of multinational businesses and proposals to narrow the tax gap dominated the discussion as Treasury Secretary Janet Yellen appeared at separate hearings before the Senate Finance Committee and the House Ways and Means Committee to consider the Biden administration’s fiscal year 2022 budget blueprint.

House OKs corporate governance package with country-by-country financial reporting mandate
The House narrowly approved a corporate governance package that, among other things, would amend the Securities Exchange Act of 1934 to require publicly traded corporations to report certain specified tax and nontax information to their shareholders on a country-by-country basis.


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June 11, 2021
As infrastructure talks between Biden and Capito break down, bipartisan Senate group tries to fill void

May 29, 2021 (Special Edition)
Treasury ‘Green Book’ sheds additional light on Biden’s tax proposals

May 28, 2021
White House releases FY 2022 budget proposal, ‘Green Book’

May 21, 2021
Next two weeks ‘critical’ to bipartisan infrastructure talks, Capito says

May 14, 2021
White House continues bipartisan outreach on infrastructure package

May 7, 2021
Partisan split continues over infrastructure scope, offsets

April 30, 2021
Biden’s ‘American Families Plan’ proposes significant tax hikes for upper-income individuals but leaves out key details

April 28, 2021 (Special Edition)
White House previews tax hikes on high-income individuals in ‘American Families Plan’

April 23, 2021
Bipartisan compromise appears elusive as Republicans unveil infrastructure counteroffer

April 16, 2021
More fault lines appear as lawmakers continue infrastructure negotiations

April 9, 2021
Treasury report drills down further on White House tax priorities

April 7, 2021 (Special Edition)
Treasury Department report adds detail to Made in America Tax Plan

April 5, 2021 (Special Edition)
Wyden unveils international tax ‘framework’

April 2, 2021
Challenges ahead as Biden pitches massive infrastructure plan to Capitol Hill

March 31, 2021 (Special Edition)
Biden includes significant corporate tax hikes in ‘American Jobs Plan

March 26, 2021
Democrats, GOP clash during Finance Committee hearing on international tax policy

March 19, 2021
Bipartisanship on display as Finance Committee explores tax issues facing US manufacturers

March 12, 2021
Biden signs American Rescue Plan into law

March 10, 2021 (Special Edition)
$1.9 trillion COVID relief package headed to White House

March 6, 2021 (Special Edition)
$1.9 trillion COVID relief package clears Senate

March 5, 2021
Some tax changes ahead as Senate takes up COVID relief measure

February 26, 2021
$1.9 trillion COVID relief package clears House

February 19, 2021
House to take up COVID relief package next week, Hoyer says

February 12, 2021
House taxwriters approve tax- and pension-focused COVID relief measures

February 5, 2021
Congressional Democrats advance budget plan to fast-track COVID relief bill

January 29, 2021
White House, congressional Democrats continue to weigh options on next COVID relief bill

January 22, 2021
Tax hikes take a back seat to COVID relief for now, Yellen says

January 15, 2021
Biden COVID relief package calls for additional stimulus payments, expanded tax credits, return of paid leave mandate

January 8, 2021
Democrats win Senate majority as 117th Congress gets under way

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