CPA Practice

JANUARY 12, 2024

By Caitlin Reilly, CQ-Roll Call (TNS) A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead for Senate Finance Chair Ron Wyden and Ways and Means Chairman Jason Smith. Crapo, R-Idaho, on board. dismissed it as a giveaway to corporate donors.

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CPA Practice

FEBRUARY 5, 2024

Mike Crapo of Idaho, the top GOP member of the Senate Finance Committee. While Crapo and Wyden have worked together on tax legislation in the past—including a tax break for investments between the United States and Taiwan that was included in the package that passed the House—the Idaho senator has signaled he won’t support the bill as-is.

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CPA Practice

AUGUST 2, 2024

The bill would revive a trio of business tax breaks, including the full upfront deduction of research and development expenses, and expand the child tax credit to make it more generous to low-income families. In a statement, Sanders, a self-described democratic socialist, said the tax bill was too tilted towards business breaks.

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