senate finance committee

A New Solution for Taxing Cryptocurrency Staking

Taxing digital assets poses many tax policy puzzles. So many, in fact, that the Senate Finance Committee recently asked for advice on how to do...

July 31, 2023Donald Marron

Individual Taxes: TaxVox

Individual Retirement Accounts Should Be For…Retirement

The House and Senate unveiled similar bipartisan retirement savings bills this week. Among the differences: The House bill would let you use IRA funds for having a baby.

April 4, 2019Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

What The New Congress Will Mean For Tax And Budget Policy

The 116 th Congress is going to look very different from the 115 th . But don’t expect tax and budget policy to change much...

November 7, 2018Howard Gleckman

Federal Budget and Economy: TaxVox

Can Treasury Rewrite the New Tax Bill?

Last year, Congress proved it can act quickly—enacting the massive Tax Cuts and Jobs Act (TCJA) just six weeks after the first version was introduced...

February 26, 2018Steven M. Rosenthal

Individual Taxes: TaxVox

What Will Lawmakers Do If They Can’t Add New Itemized Deductions?

Despite all their rhetoric about closing special interest loopholes, politicians love nothing more than delivering federal largesse to favored constituents. But with new spending programs...

November 28, 2017Howard Gleckman

: TaxVox

The Senate Tax Bill Would Impose High Marginal Tax Rates on Some Pass-through Owners

Ever since his presidential campaign, Donald Trump has insisted that Congress lower tax rates on income earned by pass-through businesses such as partnerships, S corporations,...

November 27, 2017Joseph Rosenberg

Campaigns, Proposals, and Reforms: TaxVox

What Happened To The Base-Broadeners In Congress’s Tax Cut Bill?

Want to know why the individual tax rate cuts in the Senate version of the Tax Cuts and Jobs Act are so small. Or conversely,...

November 27, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Senate Finance Panel Tax Bill Would Trim Taxes At First But Raise Them For Half Of Households By 2027

The Senate Finance Committee’s version of the Tax Cut and Jobs Act would cut taxes by an average of $1,300 in 2019, according to a...

November 20, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Chairman Hatch’s Newest Tax Bill: Let’s Call (Almost) The Whole Thing Off

Late last night, Senate Finance Committee Chair Orrin Hatch (R-UT) revealed his revised version of the Tax Cuts and Jobs Act, which the panel will...

November 15, 2017Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The Two GOP Tax Plans Differ In Details But Both Are Big Tax Cuts For Business, Modest Reductions For Households

While many analysts are focusing on the differences between the House Ways & Means Committee’s tax cut and the just-released version proposed by Senate Finance...

November 10, 2017Howard Gleckman