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Tax News & Views Newsletter
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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Recent editions appear below; for older issues please email a request to ustaxnews@deloitte.com.
May 16, 2025
GOP’s tax relief plan advances in Ways and Means, stalls in Budget Committee
The House Ways and Means Committee recently unveiled and this week approved a sweeping tax package aimed at extending key provisions of the 2017 Tax Cuts and Jobs Act (TCJA, P.L. 115-97) while introducing new measures to provide targeted relief for families, workers, and businesses. The proposal includes permanent extensions of certain tax cuts, new deductions for overtime and tipped income, and revisions to international and business-related provisions. It also reflects Republican priorities around economic growth, with offsets proposed through several policy changes, including rollbacks of select energy tax incentives.
Finance Committee to hold hearing on IRS Commissioner nominee
Senate Finance Committee Chairman Mike Crapo (R-Idaho) announced that the committee will hold a nomination hearing on Tuesday, May 20, to consider former Rep. Billy Long (R-Mo.) for Commissioner of the Internal Revenue Service - a hearing that marks a significant step in a long-delayed confirmation process that has unfolded against a backdrop of frequent leadership changes at the IRS.
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May 14, 2025 (Special Edition)
House Ways and Means Republicans release sweeping tax relief legislation
May 12, 2025 (Special Edition)
House Ways and Means Republicans unveil second phase of sweeping tax package
May 9, 2025 (Special Edition)
Ways and Means Republicans release first of two detailed tax proposals
May 9, 2025
Republicans push forward on finalizing tax plan
May 2, 2025
House Republicans edge closer to tax bill rollout in Ways and Means Committee, Kies’ nomination moves forward
April 11, 2025
House clears Senate-passed budget resolution laying out divergent reconciliation framework
April 4, 2025
Senate poised to clear revised budget plan with split-screen reconciliation framework, but House GOP not yet sold
March 28, 2025
GOP leaders eye vote on compromise budget plan that would punt hard choices on tax, spending cuts
March 14, 2025
Long-term ‘continuing resolution’ poised to become law as GOP lawmakers continue hunt for bicameral budget reconciliation plan
March 7, 2025
Trump renews calls for extending TCJA provisions and campaign tax proposals in address to Congress
February 28, 2025
House GOP approves budget reconciliation plan, but intra-party talks must continue to bridge differences with Senate blueprint
February 21, 2025
Senate passes budget resolution known as ‘Plan B,’ House expects to consider their resolution next week
February 14, 2025
House and Senate Budget Committees report dueling reconciliation blueprints
February 7, 2025
Graham seeks to kick-off two-step reconciliation effort with Senate budget markup next week
January 31, 2025
Trump addresses GOP at retreat, Republicans strategize on how to pass a budget reconciliation bill
January 24, 2025
Ways and Means Republicans reintroduce bill to impose additional taxes, executive order on IRA funding unveiled
January 21, 2025 (Special Edition)
Trump says global tax deal has no “force or effect” in US, orders government hiring freeze with more scrutiny for the IRS
January 17, 2025
Ways and Means Committee debates TCJA tax cuts at hearing
January 10, 2025
Johnson retains House speakership, Senate leadership takes shape as 119th Congress gets started
December 23, 2024 (Special Edition)
Short-term funding bill becomes law, averts government shutdown
December 20, 2024
Conservative Republicans align behind two-bill, border-first reconciliation strategy
December 13, 2024
Debate over 2025 reconciliation bill strategy continues
December 6, 2024
Senate Republicans eye two reconciliation bills in 2025
