Alicia Diaz

1 week ago | news.bloombergtax.com | Erik Wasson |Alicia Diaz |Alicia Díaz |Steven Dennis

Republican leaders are aiming for quick negotiations over needed changes to the newly unveiled Senate tax bill which lacks the votes to secure majorities in both chambers as written. The prospect of prolonged talks with holdouts in both the conservative and moderate wings of the party threaten Senate Majority Leader John Thune’s goal of passing President Donald Trump’s tax-cut legislation by July 4.

1 week ago | news.bloomberglaw.com | Alicia Diaz |Alicia Díaz |Mackenzie Hawkins

The Senate’s draft tax bill calls for increasing an investment credit for semiconductor manufacturers, a potential boon for chipmakers that the Trump administration is urging to increase the size of their US projects. The measure would increase the tax credit to 30% of investments in plants, up from 25%, giving chipmakers further incentive to break ground on new facilities before an existing 2026 deadline.

1 week ago | news.bloombergtax.com | Alicia Diaz |Alicia Díaz |Mackenzie Hawkins

The Senate’s draft tax bill calls for increasing an investment credit for semiconductor manufacturers, a potential boon for chipmakers that the Trump administration is urging to increase the size of their US projects. The measure would increase the tax credit to 30% of investments in plants, up from 25%, giving chipmakers further incentive to break ground on new facilities before an existing 2026 deadline.

3 weeks ago | news.bloombergtax.com | Alicia Diaz |Alicia Díaz |Catherine Lucey |Debby Wu

Commerce Secretary Howard Lutnick called for stepped up enforcement of US export controls to prevent China from stealing critical American technologies that could support Beijing’s ambitions in areas like artificial intelligence and aviation. “They are trying to copy our technology,” Lutnick said Thursday during a House Appropriations subcommittee hearing on the Commerce Department’s budget.

3 weeks ago | news.bloomberglaw.com | Brian Sullivan |Alicia Diaz |Alicia Díaz |Lauren Rosenthal

Commerce Secretary Howard Lutnick told a congressional committee that the US National Hurricane Center was fully staffed even though key positions are going unfilled as hurricane season begins. “There are no openings on the National Hurricane Center. Zero,” Lutnick said during a Senate Appropriations Committee meeting Wednesday. “We are fully staffed. We are fully ready for hurricane season.”Yet the center’s website shows at least four meteorologist roles are vacant.