Tax Bill, Appropriations Loom as Lawmakers Come Back
Talking Tax4 Sep 2024

Tax Bill, Appropriations Loom as Lawmakers Come Back

Lawmakers return to Washington next week for the final sprint of legislating before the November elections, on the heels of a failed tax bill vote, and with an appropriations deadline fast approaching. Congress will be under pressure in the next few weeks to reach a deal on government funding to avoid a shutdown on Sept. 30. The Democratic-controlled Senate is set to clash with the GOP House over whether to slash IRS funds or keep them steady, though with so little time left in session lawmakers will likely use a short-term continuing resolution to punt the fight. Also up in the air is whether tax writers will come back to the negotiation table on the $78 billion bipartisan tax package that failed to clear a procedural vote in the Senate just before the August recess. Some lawmakers already are attempting to peel off parts of that tax package—including disaster tax relief and an expansion to the low-income housing tax credit—and it's unclear if those efforts will heat up in September or the lame-duck session. On this episode of Talking Tax, Bloomberg Tax congressional reporters Chris Cioffi and Samantha Handler discuss the weeks ahead in Congress, and how lawmakers are preparing for the 2025 tax cliff. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(431)

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Congressional Deadline on Shutdown Deal Adds to IRS Challenges

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29 Aug 202515min

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

Big Four accounting firms are racing to integrate next-generation AI technology across their service lines and develop a talent strategy to match the industry's new era. KPMG is focused on making ...

27 Aug 202515min

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Proof from an ancient Roman scroll: As long as there have been taxes, there has been tax evasion. When researchers studied a previously mislabeled scroll, they discovered detailed attorney notes fo...

20 Aug 202514min

Pharmaceutical Companies Navigate Transfer Pricing as Tariffs Loom

Pharmaceutical Companies Navigate Transfer Pricing as Tariffs Loom

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