Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
When I was younger, a family friend gave us a pile of old dresses. Hand-me-downs weren’t new to us, and my mom was an amazing seamstress who could make almost anything look terrific (she handmade both of my prom dresses and most of my church dresses). But I didn’t have my mom’s talent. I was,…
There were significant opinions released today by the Supreme Court of the United States (SCOTUS) in the matter of President Donald Trump’s tax and financial records. The cases are Trump v. Vance and Trump v. Mazars USA, LLP (consolidated with Trump v. Deutsche Bank AG). Here’s what you need to know. Vance was filed on November 15, 2019, and argued May 12,…
After weeks of will they or won’t they, they did: House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act. Just like the last House proposal (which eventually became the CARES Act), the HEROES Act bill is hefty, weighing…
(Note: On March 27, 2020, the House approved this bill.) It’s been a long week on the Hill, but the Senate has finally reached an agreement on a bill intended to provide direct economic relief in response to the COVID-19 pandemic. The measure passed late Wednesday by a vote of 96-0: Senators Romney (R-UT), Thune (R-SD), Paul…
(Update: The bill passed the Senate on 3/25/2020.) “It’s good news,” said Senate Majority Leader Mitch McConnell (R-KY) early Wednesday morning. McConnell continued, “At last, we have a deal. After days of intense discussions, the Senate has reached a bipartisan agreement on a historic relief package for this pandemic.” The text of the deal has…
(Update: A compromise bill passed the Senate on 3/25/2020. You can read more here.) Last week, Senate Republican leaders released their version of a stimulus package, dubbed the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act.” This week, House Democratic leaders proposed an alternative, “Take Responsibility for Workers and Families Act.” Clearly, there…
(Update: A version of the bill passed the Senate on 3/25/2020, and is expected to pass the House.) Last week, the Senate introduced what I described as “a massive bill” intended to provide direct economic relief in response to the COVID-19 pandemic. That bill didn’t move forward over the weekend. The House responded with “hold my beer.”…
The Senate has introduced a massive bill intended to provide direct economic relief in response to the COVID-19 pandemic. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization, as of March 20, 2020, there are 209,839 confirmed cases of COVID-19 in 168 territories…
(Author’s Note: Updated to reflect that the President signed the bill into law.) The Senate has passed the House’s bill intended to provide economic relief in response to the COVID-19 pandemic. The original bill, H.R. 6201, Families First Coronavirus Response Act, cleared the House last week. COVID-19 is the official name for the infectious disease caused by…
More economic relief is on the way. That was the word out of the White House briefing today regarding the COVID-19 pandemic. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization, as of March 18, 2020, there are 193,029 confirmed cases of COVID-19…