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Herb Jackson

Washington, D.C., United States

Newsletter Editor at Bloomberg Industry Group

Newsletter editor with @BBGIndustry | Board chair, @PressClubDC. Previously @RollCall & @CQNow, @NorthJersey, @AsburyParkPress, @AP, @daily_targum

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Articles

  • House tax bill nears final vote after SALT changes

    2 weeks ago | news.bloombergtax.com | Lauren Vella |Kim Dixon |Herb Jackson

    Revised House Tax Bill With Raised SALT CapThe House was working toward final passage of a mammoth tax package this morning after it cleared a procedural vote around 2:40 a.m. with only one Republican—Rep. Thomas Massie (R-Ky.)—voting against it. A revised bill released Wednesday night includes a deal brokered by House Speaker Mike Johnson (R-La.) with a group of blue-state Republicans to raise the state and local tax, or SALT, deduction cap from $10,000 to $40,000 over the next decade.

  • Johnson makes inroads with tax bill holdouts

    2 weeks ago | news.bloombergtax.com | Ken Tran |Jack Fitzpatrick |Herb Jackson

    House Republicans Inch Toward Tax, Spending Bill VoteSpeaker Mike Johnson (R-La.) is chipping away at internal GOP opposition to a sweeping reconciliation bill as he pushes to pass the legislation out of the House as early as today.

  • UK Seeks More Data Under Reform Plan: Transfer Pricing Report

    1 month ago | news.bloomberglaw.com | Caleb Harshberger |Herb Jackson

    Hello and welcome to this week’s Transfer Pricing Report. The UK on Monday dropped a pair of consultations on proposed reforms to transfer pricing and other cross-border tax laws—with changes that could put a bigger burden on companies. Tax practitioners told reporter Somesh Jha that UK-based multinationals face more compliance challenges under new transfer pricing data requirements announced by the tax authority.

  • Tribal tax credits linked to IRS nominee in spotlight

    1 month ago | news.bloombergtax.com | Kim Dixon |Herb Jackson

    Tribal Tax Credits Linked to IRS Nominee in SpotlightThe IRS should open a criminal probe into promoters of tax credits the agency itself has called nonexistent, top Senate Democrats say in a new letter to acting Commissioner Melanie Krause. Investors paid $24 million for the credits through March 2024, Bloomberg Tax reported last year.

  • Lawmakers plot way to fill Trump Social Security vow

    1 month ago | news.bloomberglaw.com | Kim Dixon |Zach Cohen |Herb Jackson |Marjorie Censer

    Republicans Push Forward on Trump’s Social Security Tax PledgeRepublicans are plowing ahead with their plan to extend the GOP’s 2017 tax law along with enacting President Donald Trump’s campaign promises. But one of those promises in particular faces a big obstacle in the procedure Republicans are using to avoid the need for Democrats’ votes. Trump’s pledge to eliminate taxes on Social Security income runs up against the budgetary procedure that allows lawmakers to bypass the Senate filibuster.

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Herb Jackson
Herb Jackson @HerbNJDC
22 Apr 25

.@PressClubDC Come for the journalism Stay for dessert. https://t.co/PYx04o1B4f

Herb Jackson
Herb Jackson @HerbNJDC
18 Mar 25

Austin Tice was taken nearly 13 years ago. Putin said he would ask Assad about him. Today’s call is an opportunity that cannot be wasted. @POTUS Trump, we need action NOW. #FreeAustinTice

Herb Jackson
Herb Jackson @HerbNJDC
30 Dec 24

RT @PressClubDC: WASHINGTON – Emily Wilkins, president of the National Press Club has issued the following statement on the wrongful detent…