White House, House Ways & Means Committee Chairman Seek to End VAT Talk; Tax to Recoup TARP Funds Being Considered

The White House and a top congressional tax writer sought to close the door April 19 on a value-added tax, with officials saying it was not under…

House Ways and Means Panel Chair Levin Aims to Start Work on Estate Tax, Middle-Class Tax Cuts in Coming Weeks

House Ways and Means Committee Chairman Sander Levin (D-Mich.) told reporters March 16 he hopes to begin work on the estate tax and extensions of the 2001 and 2003 tax cuts for…

Senate to Bring $31 Billion Tax Extenders Measure to Floor During Week of March 1

Senate Democratic leaders announced Feb. 26 that they will bring a long-awaited bill featuring $31 billion in extensions of expired tax cuts to the Senate floor during the week of March 1.

Senate Majority Leader Reid’s Jobs Bill Gets Lackluster Reviews; Some Prefer Extending 2001, 2003 Tax Laws

Longer-term policies that give small businesses additional certainty about the tax climate in coming years may be better for the economy than…

Senate Jobs Creation Bill Clears Major Procedural Hurdle

Senate Majority Leader Harry Reid’s proposed $15 billion jobs bill cleared a major hurdle Feb. 22, with the Senate voting 62-30 to invoke cloture and end debate on the bill…

Tax Cuts to Represent $13 Billion of $149 Billion Senate Jobs Bill, Congressional Budget Office Says

Senate Majority Leader Harry Reid’s (D-Nev.) fully offset jobs bill, set to come to the Senate floor Feb. 22, includes targeted tax cuts valued at $13 billion, the Congressional Budget Office said in a Feb. 18 letter.