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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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Recent editions appear below; for older issues please email a request to ustaxnews@deloitte.com.
November 15, 2024
GOP sweeps the board as Republicans win House majority in 119th Congress
More than a week after the nation cast its votes in the 2024 presidential and congressional elections, we now know that Donald Trump will be heading to the Oval Office next January 20 and will be working with a Republican-controlled Congress.
Organizational issues dominate as Congress returns for ‘lame duck’ legislative session
House and Senate lawmakers returned to Washington for a post-election “lame duck” session to close out the current Congress and prepare for the start of the next one, but the opening week primarily focused on organizational issues, and details on the legislative agenda for the rest of the year remained elusive.
Senate confirms another Tax Court nominee—and fills the bench
The Senate confirmed Cathy Fung to a 15-year term as a judge on the US Tax Court, filling the last of what had been six vacant seats on the 19-member bench.
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September 27, 2024
Harris, Trump highlight plans for domestic production tax incentives
September 20, 2024
Trump calls for eliminating SALT deduction cap
September 13, 2024
Limited—and familiar—tax talk as Harris, Trump meet for presidential debate
August 2, 2024
Senate sinks procedural motion on Smith-Wyden tax bill, leaves for August recess
July 26, 2024
No apparent signs of life for Smith-Wyden tax bill as Senate lurches toward August recess
July 12, 2024
House taxwriters OK measures to rescind EV credit regs, penalize universities, expand section 529 plans
June 28, 2024
No new tax policy insights from first presidential debate
June 21, 2024
CBO ramps up deficit projections in latest budget and economic outlook
June 14, 2024
House appropriators OK pared-down FY 2025 IRS budget proposal without further mandatory funding rescissions
June 7, 2024
House Appropriations panel OKs $2.2 billion IRS budget cut for FY 2025