Articles

  • 3 weeks ago | news.bloombergtax.com | Zach Cohen |Naomi Jagoda

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 1 month ago | news.bloombergtax.com | Naomi Jagoda

    Democrats Make Case Against Scoring MethodThe fight over a controversial scoring method for tax cuts is heating up. Senate Democratic staff on Monday met with the chamber’s parliamentarian to argue against Republicans’ plan to score an extension of expiring provisions in the 2017 tax law as a continuation of “current policy” rather than “current law.” Use of the current policy baseline would essentially zero out the several trillion dollar cost of extending the tax cuts.

  • 1 month ago | news.bloomberglaw.com | Naomi Jagoda |Zach Cohen |Chris Cioffi

    Debt-Limit Deadline Could Arrive This Summer, CBO SaysA new debt-limit estimate from the Congressional Budget Office underscores why Republicans are hoping to move quickly to pass legislation extending President Donald Trump’s 2017 tax cuts. CBO estimated that the US could default on obligations as soon as August if Congress doesn’t raise or suspend the debt limit before then.

  • 1 month ago | news.bloombergtax.com | Naomi Jagoda |Zach Cohen |Chris Cioffi

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 1 month ago | news.bloombergtax.com | Naomi Jagoda

    House Wants the Reins on Tax Package As the GOP seeks to make tangible progress on tax legislation, House Republicans have a message for their Senate colleagues: We’re in charge. The House is in the driver’s seat of the budget reconciliation process and will “drag” the Senate “across the finish line here and there” if needed, House Majority Whip Tom Emmer (R-Minn.) said at a Bloomberg Government event Monday.

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