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1 week ago | 
financialpost.com | Steven Dennis |Ye Xie
Advertisement 1Senate Republicans plan to delay and make less onerous a levy targeting foreign companies and investors from countries that the US determines have been unfairly taxing US companies. Article content(Bloomberg) — Senate Republicans plan to delay and make less onerous a levy targeting foreign companies and investors from countries that the US determines have been unfairly taxing US companies.
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1 month ago | 
news.bloombergtax.com | Jack Fitzpatrick |Steven Dennis |Erik Wasson
House Republicans were still unable to reach a deal on Tuesday over the divisive state and local tax deduction that would allow President Donald Trump’s agenda to move forward. House Speaker Mike Johnson met with holdouts from New York and other high-tax states late Monday, but left without an agreement on SALT, among the thorniest issues for House leaders navigating the political realities of pushing an expensive tax bill through the narrow and factious Republican majority.
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1 month ago | 
news.bloombergtax.com | Steven Dennis |Emily Birnbaum
House Republicans are close to reaching an agreement on the state and local tax deduction, aiming to pass the tax bill next week, Speaker Mike Johnson says. Talks over SALT are on track to continue over the weekend, he tells reportersTo contact the reporters on this story:Steven T. Dennis in Washington at [email protected];Emily Birnbaum in Washington at [email protected] contact the editor responsible for this story:Kasia Klimasinska at [email protected]
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1 month ago | 
news.bloomberglaw.com | Emily Birnbaum |Steven Dennis
Wealthy Americans and business investors are among the big winners in House Republicans’ draft tax legislation while targets of President Donald Trump’s ire such as immigrants and elite universities were hammered. The tax plan is likely to undergo significant changes as it winds through the House and then the Senate. But the committees’ drafts released this week have set up initial goalposts. Here’s who’s winning and losing so far in the tax fight.
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Nov 10, 2024 | 
thederrick.com | Steven Dennis |Steven Dennis
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Nov 6, 2024 | 
news.bloomberglaw.com | Steven Dennis |Billy House |Daniel Flatley
Democrats’ hopes for a powerful check on Donald Trump by controlling the US House are fading, with Republicans increasingly confident they will hold unified control in Washington ahead of next year’s big fights over tax cuts and spending.
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Nov 6, 2024 | 
news.bloomberglaw.com | Steven Dennis
Republicans won control of the US Senate amid a slew of victories by allies of Donald Trump, giving the GOP powerful leverage in high-stakes tax and spending battles next year. GOP candidates defeated Banking Chairman Sherrod Brown in Ohio, unseated Montana’s Jon Tester and picked up the open Senate seat in West Virginia. Nebraska Republican Deb Fischer also fended off an unexpectedly tough challenge, giving the party at least 52 seats in the 100-member Senate.
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Nov 6, 2024 | 
accountingtoday.com | Steven Dennis
Republicans won control of the Senate amid a slew of victories by allies of Donald Trump, giving the GOP powerful leverage in high-stakes tax and spending battles next year. The GOP defeated Banking Chairman Sherrod Brown in Ohio, fended off an unexpectedly tough challenge to Nebraska' Deb Fischer and picked up the open Senate seat in West Virginia, giving them at least 51 seats in the 100-member Senate.
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Nov 6, 2024 | 
news.bloombergtax.com | Steven Dennis
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Nov 6, 2024 | 
news.bloombergtax.com | Steven Dennis
Republicans won control of the US Senate amid a slew of victories by allies of Donald Trump, giving the GOP powerful leverage in high-stakes tax and spending battles and the final say in the next president’s executive and judicial nominations. The GOP defeated Banking Chairman Sherrod Brown in Ohio, fended off an unexpectedly tough challenge to Nebraska’ Deb Fischer and picked up the open Senate seat in West Virginia, giving them at least 51 seats in the 100-member Senate.
