
Laura Davison
Capitol Hill tax reporterLaura Davison is a Capitol Hill tax reporter at Bloomberg News

Laura Davison is a Capitol Hill tax reporter at Bloomberg News
There are still several ways to minimize 2019 tax bills before the end of the year.
Even Alexandria Ocasio-Cortez is skeptical about the viability of Elizabeth Warren’s wealth tax to pay for trillions of dollars in government programs and address income inequality.
The president should have a chance to block House Democrats from obtaining his New York state tax returns, a federal judge decided, in a boost for the president as he fends off other subpoenas for his financial records while facing an impeachment inquiry.
Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.
The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year.
Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.
Moderate Democrats in Congress are crafting viable alternatives to Elizabeth Warren’s wealth tax, amid increasing concerns that her soak-the-rich strategy won’t pass even if the party captures both chambers of Congress in 2020.
With two of the leading presidential candidates competing to promote sweeping tax hikes on the ultra-wealthy, two other Democrats are advancing a more modest surtax on high incomes that supporters say has a better chance of actually becoming law.
A federal judge indicated he would allow House Democrats to proceed with a lawsuit that seeks to obtain the president’s tax returns from the Treasury Department.
The Internal Revenue Service has a message for companies that owe taxes on overseas profits: Auditors are closely watching.
The White House is holding informal talks about a second round of tax cuts to announce during the 2020 presidential campaign.
The president, a lifelong New Yorker, has changed his primary residence to the Sunshine State, a move that could benefit his re-election campaign — and his tax bill.
The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.
Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.
Big-time college athletes could find themselves with a tax bill after a rule change that will allow student players to accept endorsement deals, according to Republican Senator Richard Burr.
The federal government is taking in less money but can’t tell if the shortfall is tied to the 2017 tax cuts or other factors like trade uncertainty, the Congressional Budget Office said in a letter.
The Internal Revenue Service isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
The House Ways and Means Committee approved legislation that would tax e-cigarettes, such as vaping devices, the same as tobacco products.
The Senate rejected a Democratic proposal that sought to give states leeway to help residents avoid the $10,000 limit on deductions for state and local tax payments.
Democrats are staging a long-shot attempt to chip away at the Republican tax law’s limit on state and local tax deductions, finding few GOP allies despite potential benefit for Republican-led states.