Tax News & Views


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 1, 2023

Default averted as debt limit legislation clears Senate, heads to White House
The Senate approved and will send to President Biden a House-passed bill that would suspend the federal debt limit through January 1, 2025, averting the risk of a default on the government’s credit obligations that Treasury Secretary Janet Yellen has said would have occurred on June 5 without congressional intervention.

Senate Foreign Relations Committee reapproves US-Chile tax treaty
In a development that many in Congress and the business community hope will lead to the end of a more than decade-long wait, the Senate Foreign Relations Committee once again approved a US-Chile tax treaty that will help prevent double taxation for companies and has become increasingly important to the US electric vehicle industry because of Chile’s copper and lithium mines. 


Tax News & Views podcast series

There are plenty of tax-related policy and regulatory updates these days. Clear-eyed analysis of it is more difficult to come by. Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business.

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May 31, 2023 (Special Edition)
Debt limit legislation clears House

May 27, 2023 (Special Edition)
Biden, McCarthy announce framework for debt limit deal

May 26, 2023
Still no debt limit agreement as ‘X-date’ for default approaches

May 19, 2023
Debt limit negotiating group narrows as Biden, McCarthy seek last-minute accord

May 12, 2023
Debt limit quandary still unsolved after Biden, congressional leaders meet

May 5, 2023
White House, Democrats weigh next steps for raising debt limit as Treasury and CBO warn of possible June 1 default

April 28, 2023
House Republicans pass debt limit proposal, but next steps remain unclear

April 21, 2023
House Republicans unveil debt limit proposal ahead of planned vote next week

April 6, 2023 (Special Edition)
IRS releases spending plan for Inflation Reduction Act funding

March 31, 2023
President Biden, Speaker McCarthy spar over debt limit as default deadline draws closer

March 24, 2023
Yellen continues push for ‘expeditious’ congressional action on debt limit, defends new IRS mandatory funding

March 17, 2023
Debt prioritization is ‘default by another name,’ Yellen tells Senate taxwriters

March 10, 2023
Biden revives familiar corporate, high-wealth revenue proposals in FY 2024 budget package

March 9, 2023 (Special Edition)
White House releases FY 2024 budget proposal, ‘Green Book’

March 3, 2023
Biden confirms tax increases will be in White House budget proposal

February 17, 2023
CBO projects bleak long-term fiscal picture, warns of third-quarter default risk

February 10, 2023
Biden returns to familiar corporate, high-wealth tax proposals in State of the Union message

February 3, 2023
White House FY 2024 budget blueprint expected March 9

January 27, 2023
Biden, congressional Democrats rail against ‘Fair Tax’ proposal

January 13, 2023
With a speaker in place, the House is back in business

January 6, 2023
Deadlocked speaker’s race paralyzes House as 118th Congress convenes

December 23, 2022
Omnibus funding package with retirement security provisions headed to White House

December 20, 2022 (Special Edition)
Limited tax title in FY 2023 omnibus appropriations bill

December 16, 2022
Omnibus funding bill taking shape but prospects for substantial tax title still unclear

December 9, 2022
Tax still on the sidelines as lawmakers struggle to clinch government funding accord

December 2, 2022
Limited tax talk as congressional leaders focus on government funding deal

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