Republicans in the Senate unveiled their tax bill yesterday. It proposes a delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth. The House plan would have cut the top corporate tax rate from 35 percent to 20 percent beginning next year. The Senate wants to delay that until […]

Many students rely on tax-free tuition waivers to make education affordable.

The debate over drilling in Alaska’s Arctic National Wildlife Refuge has returned to Washington, this time tied to the fast-moving tax bill on Capitol Hill. Bill supporters hope that opening up the arctic to more federal drilling leases could generate $1 billion in federal revenue. But some market projections put the amount at far less […]

Budget cuts have put a squeeze on the agency as a major tax overhaul looms

The Republican tax plan would change alimony from something that is treated favorably for the people who have to pay it to something that is more of a tax burden. That’s because alimony payments would no longer be deductible from income on the payer’s tax return. The change could make divorce settlements more difficult to […]

Today the House Ways and Means Committee meets to debate the bill to overhaul the tax code. Officially it’s called a markup: committee members offer amendments before it goes to a House vote. What happens during a markup – and what could we see here?  Click the audio player above to her the full story. 

Congressional staffers, lobbyists, think tanks, and many others are getting ready for a weekend of digging through the 400-plus page GOP tax bill. They will be sorting out where to pick their fights come Monday, when the bill heads to the House Ways and Means Committee for markup. Already weighing in are small businesses, many […]