Top Democrat Tax Writer Questions IRS Chief on Workforce Changes

A top House Democrat tax writer called out IRS CEO Frank Bisignano for contradicting March House Ways and Means Committee testimony as the agency moves to cancel telework, force relocations, and…

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

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Jimothy the Raccoon’s Popularity Undermines the Right to Own Him

It’s unlikely that anyone can claim intellectual property rights to the name or image of Jimothy, the short-spined Seattle raccoon who has become an internet sensation.

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Senate Finance Committee Advances Bipartisan Tax Admin Package

The Senate Finance Committee moved forward with a bipartisan tax package markup Thursday in a 26-1 vote, overcoming a Democratic amendment to curb President Donald Trump’s audit immunity deal.

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Senate Finance Advances Trump Treasury Picks Over Dem Objections

Republicans on the Senate Finance Committee overcame Democrats’ objections to advance four nominees to serve at the Treasury Department.

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Senate Democrats Call on Watchdog to Investigate Kies Departure

Thirteen Senate Democrats demanded a government watchdog probe into whether Trump administration officials violated federal laws prohibiting political influence over federal tax audits.

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Treasury Replaces Top Tax Policy Official After Kies’ Departure

Kevin Salinger will be assistant secretary for tax policy effective immediately following the departure of Kenneth Kies.

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Democrats Push to Restore $83 Billion in Clawed-Back IRS Funds

Dozens of House Democrats are supporting a new effort to replenish billions in pared-back IRS modernization funding, which they say is necessary to enforce tax law and help taxpayers.

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DC region under code red air quality alert due to heat and smoky skies - WTOP News

It will be another hot and smoky day in the D.C. region thanks to the Canadian wildfires affecting the air quality.

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Treasury Departures Raise Agency Stability Worries for Senators

The Senate Finance Committee is set to consider assistant, under, and deputy secretary nominees Thursday to staff the Treasury Department in the same week it was announced another top official is…

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The Concurrent Resolution on the Budget for Fiscal Year 2027 | Committee Repository | U.S. House of Representatives

Committee on the Budget

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Trump to Seek Supreme Court Rehearing on Birthright Citizenship

President Donald Trump said he would ask the Supreme Court to rehear a case over birthright citizenship, a long-shot bid to undo a ruling that went against his administration.

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Tax Preparer, Tax-Exempt Hospital Bills Move Ahead at House Panel

The House Ways and Means Committee advanced several pieces of tax legislation Wednesday — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to…

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Calls Answered Worsen During Tax Season, Advocate Says (1)

Phone calls and the backlog of returns remain weak spots for the IRS: 20% fewer calls were answered and the pile of returns and correspondence almost doubled during the 2026 tax season, the taxpayer…

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Democrats Push IRS for Details on Taxpayers Waiting for Refunds

IRS CEO Frank Bisignano could face questions from lawmakers on whether taxpayers who first got letters instead of automatic refund checks have been made whole during testimony in front of a House…

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Top Democratic Tax Writer Skeptical of Pre-Midterm Crypto Action

The top Democrat on the House tax writing panel says he’s in no rush to enact bipartisan cryptocurrency tax legislation, even as Republicans move quickly to forge bipartisan buy-in on the issue ahead…

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Crypto Tax Draft Allows Staking Delay, Transaction Aggregation

Taxpayers can report aggregate digital asset gains and losses and delay counting newly created tokens as income until they’re sold under fresh legislation floated by the House Ways and Means…

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House Tax Writers Say Digital Services Taxes Risk US Retaliation

Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution…

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Bessent Pressured on Trump Settlement From House Lawmakers (1)

Treasury Secretary Scott Bessent faced more questions Thursday from House Ways and Means lawmakers on President Donald Trump’s settlement with his own government that included a controversial $1.8…

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Bessent Dodges ‘Anti-Weaponization’ Fund Questions in Senate

Treasury Secretary Scott Bessent faced questions from Democrats on a controversial settlement related to a $1.8 billion “anti-weaponization” fund and immunity from audits for President Donald Trump…

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Senate GOP Skeptical of Trump Audit Immunity in IRS Settlement

Some Senate Republicans are criticizing an agreement giving President Donald Trump immunity from audits, something that has gotten renewed attention after the White House decided to abandon a…

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Trump to Get Audit Immunity Even as $1.8 Billion Fund in Doubt

US officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses, according to a person familiar with the matter,…

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GOP Urges Treasury to Police Conservation Easement Abuses

A pair of Republican Senate tax writers emphasized the importance of a 250% cap on conservation easement settlement values as the Treasury Department seeks to settle a backlog of cases on the tax…

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Trump to Drop Plans for $1.8 Billion Anti-Weaponization Fund

The Trump administration intends to scrap a controversial $1.8 billion legal fund for victims of alleged government “weaponization,” according to a person familiar with the matter.

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Tax Industry Gears Up to Fight Democrats’ Avoidance Crackdown

The tax-planning industry is lining up to fight Democrats’ renewed interest in cracking down on strategies that wealthy Americans use to reduce their tax bills.

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Republicans Say Changing Tax Law Name Hones Campaign Message

When Republicans in Congress cleared the 2025 tax-and-spending law, they praised it as “The Big Beautiful Bill Act.” But as the midterms approach, they’ve pivoted to new branding.

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