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…

Risk of Obama International Tax Proposals Being Used to Fund Tax Bills Growing, E&Y Says

The risk continues to grow that President Obama’s international tax proposals may be picked up in Congress to pay for jobs legislation or other bills, rather than being considered as part of fundamental tax reform, Ernst & Young LLP practitioners said April 8.

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…

Senator Grassley to Move Delayed Tax Extenders as Alternative or Amendments to Jobs Bill

Sen. Charles Grassley (R-Iowa) will attempt to move extenders—which Senate Majority Leader Harry Reid (D-Nev.)