Obama Signs Small Business Bill That Includes $30 Billion Lending Fund

President Obama signed a small business bill Sept. 27 that enables small businesses to take advantage of new and extended tax incentives, including an extension of…

Carried Interest Tax Hike Passes House in Tax Extenders Bill; Senate Outlook Unclear

The House voted 215-204 May 28 to extend dozens of popular tax cuts through the end of 2010 and raise taxes on investment fund managers and businesses with foreign income…

Final Details Being Hashed out on Tax Extenders Bill, House Lawmakers Say

House Ways and Means Committee Chairman Sander Levin (D-Mich.) shortened the time frame for consideration of a final tax extenders measure (H.R. 4213), telling reporters May 6 that it will be on the floor within…

Lawmakers Ponder Senate Budget Resolution for Clues on Dividend Tax Rates

The Senate Budget Committee-approved budget resolution does not make room for dividends tax rates to continue to be tied to capital gains rates after 2010, raising questions among some lawmakers about…

House Ways and Means Panel OKs Small Business Tax Bill; Treasury Concerned over Language Impacting Tax Treaties

The House Ways and Means Committee March 17 approved a $17 billion small business tax bill (H.R. 4849) but changes might be forthcoming after…

Proposals on Tax Havens, Job Creation Expected to Clear House Ways and Means Committee Today

The Ways and Means Committee is expected to approve legislation (H.R. 4849) March 17 that would extend the Build America Bonds program, but that support will…

Rep. Levin Assumes Acting Chairmanship of House Tax Committee over Rep. Stark

Rep. Sander Levin (D-Mich.) March 4 assumed the acting chairmanship of the House Ways and Means Committee a day after Rep. Charles Rangel (D-N.Y.) stepped…

Senate Returns to Tax Extenders Debate; Section 179 Amendment Fails

The Senate March 3 voted down, 38-61, an amendment (S. Amdt. 3338) to legislation to extend expiring tax code provisions (H.R. 4213) that, among other…

Senators Wyden, Gregg Introduce Tax Reform Bill That Would Eliminate Alternative Minimum Tax, Enact Reduced Flat Corporate Tax Rate

Sens. Ron Wyden (D-Ore.) and Judd Gregg (R-N.H.) Feb. 23 introduced comprehensive tax reform legislation (S. 3018) with provisions consolidating tax…