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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.

February 15, 2019

Lawmakers clear spending deal – without extenders – ending near-term shutdown threat
Congress approved and President Trump promised to sign a massive spending bill that bundles together seven appropriations measures funding numerous departments and agencies, including the Internal Revenue Service, for the remainder of fiscal year 2019; but despite some late stage efforts to address them in the funding bill, lawmakers did not include an extension of the so-called “tax extenders” that lapsed in 2017 and 2018.

Pascrell, Menendez propose repeal of SALT deduction cap
Maintaining a drumbeat on an issue that is a focus for many “blue state” lawmakers, House taxwriter Bill Pascrell and Senate taxwriter Robert Menendez introduced companion bills that would repeal the cap on the federal deduction for state and local taxes (SALT), a provision enacted in the 2017 tax cut law that is impacting taxpayers for the first time this filing season.

Boom or bust? House taxwriters split over economic impact of 2017 tax cuts
Familiar partisan fault lines on the impact of the 2017 tax cuts were on full display at a hearing by the House Ways and Means Select Revenue Measures Subcommittee on how middle-class families are faring in the current economy.

McConnell tees up vote on Desmond’s nomination for IRS chief counsel post
Senate Majority Leader Mitch McConnel filed cloture on President Trump’s long-stalled nomination of Michael Desmond to serve as IRS chief counsel and Treasury assistant general counsel.

February 15, 2019

Archive

February 8, 2019
Treasury nominees clear Finance Committee, but speedy confirmation not guaranteed

February 1, 2019
Taxwriting leaders mull path forward on extenders

January 25, 2019
Trump announces short-term funding agreement to end partial government shutdown

January 18, 2019
IRS releases shutdown contingency plan

January 11, 2019
Negotiating positions harden as partial government shutdown continues

January 4, 2019
Divided government returns to Washington as 116th Congress convenes

December 21, 2018
Brady’s year-end tax bill clears House, but no Senate action expected

December 14, 2018
Jury still out on Brady’s revised year-end tax proposal

December 7, 2018
Another delay – and continuing uncertainty – for Brady’s year-end tax bill

November 30, 2018
Brady releases catch-all tax bill with extenders, technical corrections, but path forward appears unclear

November 16, 2018
Brady preps technical corrections, extenders for possible lame duck action

November 9, 2018
Sweeping tax code changes less likely in 116th Congress as voters split control of House, Senate

October 5, 2018
Rettig sworn in as IRS commissioner

September 28, 2018
House approves Tax Cuts 2.0 package

September 21, 2018
House bill addresses sales tax collection on ‘remote’ transactions post-Wayfair

September 14, 2018
Tax Cuts 2.0 package clears Ways and Means Committee

September 7, 2018
House GOP leaders moving ‘full steam ahead’ on Tax Cuts 2.0 as new details emerge

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