Finance, investment and tax-related legislation

An in-depth look at the provisions being considered for the new legislation.

The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.

Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.

Two senior Democratic senators proposed the tax in an effort to boost investment and reduce what they termed 'tax avoidance.'

The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.

The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy.

Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

Key legislators are at odds over how high to increase levies on investment gains.

The lack of tax information from major platforms isn’t a technological limitation. It’s a design decision.

The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats.

The House Speaker and a group of centrist Democrats will resume talks after hours of negotiations failed to break a stalemate late Monday.

Experts and leading practitioners are looking at ways to mitigate the possible affect of the legislation from a tax perspective.

After early progress in the Senate, the administration's plans now face a crucial test this week in the House.

Rich Americans may have to wait until deep into the fall, or later, to find out how much they'll owe.

The speaker of the House had floated a potential compromise, but it was rebuffed.

But observers say the industry did relatively well for one of its first efforts at impacting legislation.

A CPA and a corporate communications vet are at the forefront of trying to reinstate the state and local tax deduction.