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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.
June 24, 2022
Senate taxwriters unanimously approve bipartisan retirement security legislation
The Senate Finance Committee voted 28-0 to approve bipartisan retirement security legislation aimed at making it easier for businesses to offer tax-qualified retirement savings plans to their employees and for individuals to participate in retirement plans and grow their tax-preferred savings.
House appropriators approve $1 billion FY 2023 budget bump for IRS
The House Appropriations Committee approved a Financial Services and General Government budget package for fiscal year 2023 that would increase topline funding for the Internal Revenue Service by roughly $1 billion over the level enacted for FY 2022.
Despite Democratic resistance, Biden pitches federal gas tax suspension
Though many lawmakers from his own party offered only lukewarm support for—or even outright opposition to—the policy, President Biden called for a three-month suspension of federal excise taxes on gasoline and diesel fuel.
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June 17, 2022
Senate taxwriters look to tax code to battle rising prices
June 10, 2022
Inflation dominates the discussion as taxwriters quiz Yellen on FY 2023 budget proposals
May 27, 2022
CBO’s updated budget and economic outlook paints a bleak long-term fiscal picture
May 20, 2022
House taxwriting subcommittee split over implications of GAO report on IRS audit activity
May 13, 2022
Wyden seeks R&E expensing, chipmaker credit in China competitiveness conference committee
May 6, 2022
Bipartisan group mulls tax provisions for potential climate change bill
April 29, 2022
Still no meeting of minds on ‘Build Back Better,’ but work continues on retirement security enhancements
April 8, 2022
Updated ‘tax gap’ estimates will be ready by summer, Rettig says
April 1, 2022
Bipartisan retirement security bill clears House
March 29, 2022 (Special Edition)
FY 2023 budget plan continues White House focus on corporate, high wealth tax hikes
March 28, 2022 (Special Edition)
White House releases FY 2023 budget proposal, ‘Green Book’
March 25, 2022
Bipartisan retirement security bill headed for House floor vote
March 18, 2022
Partisan debate over IRS budget persists as Ways and Means Oversight panel looks at 2022 filing season
March 11, 2022
Congress advances FY 2022 omnibus—and a four-day stopgap to buy time for its enactment
March 4, 2022
Biden lays out familiar tax-and-spending agenda; Manchin floats possible compromise
February 18, 2022
Senate sends three-week funding measure to Biden’s desk as appropriators race to lock down larger spending deal
February 11, 2022
Congress set to punt government funding deadline to March 11 as spending leaders close in on larger-scale spending deal
February 4, 2022
Still no clarity on details, timing of slimmed-down Build Back Better package
January 21, 2022
Biden backs piecemeal approach to Build Back Better legislation
January 14, 2022
Path forward for Build Back Better remains unclear
January 7, 2022
Build Back Better Act remains stalled as Senate returns from recess
