Zach Cohen

6 days ago | news.bloombergtax.com | Kim Dixon |Zach Cohen

Tax Writers Rake In FundsThe looming expiration of many parts of the 2017 GOP tax law at year’s end has accelerated fundraising for congressional tax writers, as well as President Donald Trump’s nominee to lead the IRS. Between the first quarter of 2023 and the most recent quarter, GOP tax writers saw double digit fundraising boosts, according to Federal Election Commission filings released this week.

6 days ago | news.bloomberglaw.com | Zach Cohen |Chris Cioffi |Kate Ackley

Daily Tax Report ®EmailApril 18, 2025, 8:45 AM UTCExpiration of the GOP’s 2017 tax law is speeding campaign contributions from big business and other interests seeking to woo lawmakers in charge of the renewal. House and Senate Republican tax writers saw a more than 60% fundraising first quarter bump compared with the same period two years ago. It comes as lawmakers work on a multitrillion-dollar bill to extend individual and business tax cuts that expire at year’s end if Congress doesn’t act.

6 days ago | news.bloombergtax.com | Zach Cohen |Chris Cioffi |Kate Ackley

Expiration of the GOP’s 2017 tax law is speeding campaign contributions from big business and other interests seeking to woo lawmakers in charge of the renewal. House and Senate Republican tax writers saw a more than 60% fundraising first quarter bump compared with the same period two years ago. It comes as lawmakers work on a multitrillion-dollar bill to extend individual and business tax cuts that expire at year’s end if Congress doesn’t act.

6 days ago | news.bloombergtax.com | Zach Cohen

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6 days ago | bloomberg.com | Zach Cohen

Andrew Garbarino(Bloomberg) -- For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban states, where sales taxes are higher and real estate costs more.