Finance, investment and tax-related legislation

Senator Bernie Sanders, I-Vt., and Rep. Ro Khanna, D-Calif., teamed up Wednesday to introduce legislation to tax big companies whose wages are so low that their employees are forced to rely on public assistance programs.

The bill, which was introduced by a Texas CPA, would also protect members and their staff.

Senators Rob Portman, R-Ohio, and Ben Cardin, D-Md., introduced bipartisan legislation Thursday to make the Internal Revenue Service more accountable to taxpayers, as well as revive the IRS’s regulation of tax preparers, as a panel of tax experts testified before their subcommittee about improving tax administration at the IRS.

The House approved a repeal of the Affordable Care Act’s medical device tax, along with a bill that prohibits the IRS from rehiring any employee who was fired for misconduct.

A closely divided Senate Finance Committee advanced the nominee for the next Internal Revenue Service commissioner, Charles Rettig, by a vote of 14 to 13, but he awaits a vote by the full Senate.

A new, Republican-led effort to tax carbon dioxide emissions isn’t likely to make it to a vote in the House of Representatives anytime soon — but opponents aren’t taking any chances.

Republicans are promising Tax Reform 2.0, but only a few measures may get approved.

Jeb Hensarling and Maxine Waters don’t agree on much but they reached a compromise on a plan for dialing back financial rules that passed the U.S. House Tuesday.

The bill would allow taxpayers to treat the amounts paid for membership at a fitness facility as medical expenses.

Some of the mistakes in the hastily drafted legislation could cost the industries millions of dollars.

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.

A House bill to repeal the four-month-old U.S. college endowment tax has gained sponsors on both sides of the political aisle.

A group of Senate Democrats introduced legislation to revive tax deductions for labor union dues and unreimbursed work expenses that were eliminated by the Tax Cuts and Jobs Act.

Congress is working on a major redesign of the tax agency.

They hope to have it in legislative form by the end of the year. But that doesn’t mean it’s going to pass anytime soon.

Republicans are showing little appetite for big action in what may be their last months in full control of Capitol Hill.

Bipartisan legislation to modernize the Internal Revenue Service comes a day after a computer crash disrupts Tax Day filing.

The state CPA association worries about a ‘privatized IRS.’

The tax-writing panel voted on a bipartisan basis to approve a set of bills to “redesign” the Internal Revenue Service.

Republicans are already facing a possible Democratic takeover of the House in the November elections, setting off a GOP leadership battle.