Tax News & Views Archive |
Tax News & Views, published by the Deloitte Tax LLP Tax Policy Services group in Washington, D.C., provides a compact, reader-friendly perspective on the latest corporate tax developments coming out of Congress, the Internal Revenue Service (IRS), the Department of the Treasury, and the federal courts.
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March 22, 2013
House, Senate make headway on FY 2014 budget plans, continuing resolution
- House, Senate make headway on FY 2014 budget plans, continuing resolution – With the prospect of the spring recess looming, Congress was poised to check several budget items off its punch list as the House approved a Republican-sponsored budget resolution for fiscal 2014, the Senate was on track to clear a Democratic fiscal 2014 budget blueprint of its own, and both chambers okayed a continuing resolution to fund government operations for the remainder of the current fiscal year.
- Witnesses offer praise – and some suggestions – for Camp’s financial products discussion draft – Witnesses at a House Ways and Means Select Revenue Measures Subcommittee hearing generally praised the proposed reforms to the tax treatment of financial products – including a proposal to subject derivatives to mark-to-market taxation – that were included in a discussion draft of legislation recently put forward by Ways and Means Committee Chairman Dave Camp, R-Mich.
- Finance Committee’s first tax reform options paper addresses tax simplification – The Senate Finance Committee released a paper outlining options for streamlining tax administration and simplifying the tax code that taxwriters may consider as they develop a proposal to reform the federal tax system.
- Ways and Means Committee tax reform hearing looks at state and local tax issues – House taxwriters and witnesses focused on the exclusion of interest on municipal bonds and the deduction for state and local taxes during a Ways and Means Committee hearing to address the impact of federal tax reform on state and local governments.
March 15, 2013
Congressional budget writers lay out dueling visions for tax policy
March 12, 2013 - Special Edition
Camp small-business discussion draft proposes reforms to passthrough rules
March 8, 2013
Tax left out of stopgap funding debate, but policy battle looms for fiscal 2014 budget process
March 1, 2013
Sequester poised to take effect as partisan standoff over substitute continues
February 15, 2013
Senate Dems propose tax-&-spending package to delay sequester
February 8, 2013
Obama calls for package of tax reforms, spending cuts to delay sequester
January 25, 2013
Senate Dems to move FY 2014 budget resolution with revenue increases
January 24, 2013 - Special Edition
Camp releases draft tax reform proposal for financial products
January 23, 2013 - Special Edition
House GOP taxwriters to release discussion draft on tax treatment of financial instruments
January 18, 2013
Treasury Department and IRS release final regs on Foreign Account Tax Compliance Act
January 11, 2013
Obama nominates Lew for Treasury top spot; support agencies report on issues in federal tax reform
January 4, 2013
Fiscal cliff agreement becomes law
December 31, 2012
McConnell announces agreement to address Bush tax cuts
December 28, 2012
Prospects for fiscal cliff agreement remain uncertain after White House meeting
December 19, 2012 - Special Edition
Boehner unveils fiscal cliff ‘Plan B’; includes rate increases for taxpayers earning over $1 million
December 14, 2012
No apparent progress in fiscal cliff talks as December 31 deadline approaches
December 7, 2012
Boehner proposes, Obama disposes, fiscal cliff standoff continues
November 30, 2012
White House opening bid in ‘fiscal cliff’ negotiations falls flat with congressional GOP
November 16, 2012
Congressional leaders to produce ‘framework’ for fiscal cliff deal after Thanksgiving
November 9, 2012
Elections leave familiar tax policy divisions intact for lame duck, 113th Congress
November 5, 2012 - Special Edition
Tax rate outlook for high-income individuals remains uncertain as elections, lame duck session approach
October 19, 2012
Tax plan will cut rates, not tax burden, for upper-income individuals, Romney says
October 12, 2012
VP candidates stay on script as debate talk turns to taxes
October 5, 2012
Candidates rehash familiar tax policy positions at first presidential debate
September 21, 2012
Congress prepares for election recess without addressing packed tax and spending agenda
September 14, 2012
Congressional leaders signal low expectations for fall work period, lame duck
September 10, 2012 - Special Edition
Quick resolution on Bush tax cuts, extenders unlikely as Congress preps for campaign season
August 3, 2012
House OKs across-the-board extension of Bush tax cuts, parameters for fast-track tax reform
August 1, 2012 - Special Edition
Finance Committee to hold August 2 mark-up of extenders package
July 27, 2012
Middle-class tax cut extension clears Senate
July 24, 2012 - Special Edition
House Republicans propose parameters, expedited procedures for enacting tax reform in 2013
July 20, 2012
Reid unveils middle-class tax cut proposal
July 13, 2012
Prospects for pre-election agreement on Bush tax cuts remain elusive as partisan positions harden
July 9, 2012 - Special Edition
July legislative outlook indicates lots of movement, but little progress, on tax issues
June 28, 2012 - Special Edition
Supreme Court upholds Patient Protection Act; Individual mandate valid under congressional taxing power
June 22, 2012
Finance Committee examines Bipartisan Policy Center debt-reduction, tax reform proposals
June 15, 2012
Finance Committee takes critical look at energy tax policy; privately discusses extenders package
June 11, 2012 - Special Edition
No surprises (and few specifics) in Baucus’s tax reform remarks
June 8, 2012
Medical device excise tax repeal clears House
June 1, 2012
Medical device excise tax repeal clears Ways & Means Committee
May 25, 2012
Senate snuffs S corp payroll tax offset for student loan interest-rate relief...again
May 11, 2012
S Corp offset for student loan interest-rate relief blocked in Senate
April 27, 2012
Ways & Means subcommittee mulls future of tax extenders
April 20, 2012
Obama, GOP spar over ‘Buffett Rule,’ small business taxes; Conrad pushes – then pulls – Senate budget proposal
April 16, 2012 - Special Edition
Senate to take on ‘Buffett Rule’ as lawmakers return from spring recess
