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Jason Smith - Ron Wyden - Emily Wilkins - Bipartisan tax bill clears key congressional hurdle, teeing up potential House vote - cnbc.com - Usa - Washington - Taiwan

Bipartisan tax bill clears key congressional hurdle, teeing up potential House vote

WASHINGTON — A $78 billion tax package with major benefits for companies took a significant step towards becoming law on Friday, when a key House panel overwhelmingly approved the bill by a vote of 40-3. The strong bipartisan showing in the House Ways and Means Committee adds more momentum to the proposed changes, which include allowing the immediate expensing of research and development costs, allowing machines, equipment, and vehicles to be fully and immediately expensed and increased flexibility for businesses through interest deductions.  The package also includes tax credits to incentivize the building of affordable rental units, disaster relief for

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Alan Rappeport - What’s in the New Tax Deal? - nytimes.com

What’s in the New Tax Deal?

Lawmakers on the House Ways and Means Committee will attempt a rare feat on Friday when they begin debate on something that rarely comes together in an election year: bipartisan tax legislation.

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Antony Blinken - Alejandro Mayorkas - Julia Ainsley - U.S., Mexican officials to resume talks on stemming migrant surge at D.C. meeting - nbcnews.com - Washington - Mexico - Venezuela - Guatemala

U.S., Mexican officials to resume talks on stemming migrant surge at D.C. meeting

Officials from the U.S. and Mexico will meet in Washington on Friday to discuss ways to deter illegal migration as pressure increases on the Biden administration to address the issue heading into November’s presidential election.

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Jason Smith - Deirdre Walsh - Bipartisan tax deal could expand Child Tax Credit and extend business tax breaks - npr.org - Usa

Bipartisan tax deal could expand Child Tax Credit and extend business tax breaks

Top lawmakers on the Senate and House tax writing committees announced a deal on a temporary expansion of the child tax credit alongside a series of business tax breaks.

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Jason Smith - Ron Wyden - Allison Pecorin - New bipartisan proposal to enhance the Child Tax Credit: What to know - abcnews.go.com - Usa - China - Taiwan - state Oregon - county Smith

New bipartisan proposal to enhance the Child Tax Credit: What to know

A new, bipartisan tax framework unveiled by lawmakers Tuesday would enhance the popular Child Tax Credit to benefit millions of American families.

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Jason Smith - Ron Wyden - Congress nears $70 billion tax deal that includes breaks for children and business - nbcnews.com - Washington

Congress nears $70 billion tax deal that includes breaks for children and business

WASHINGTON — Congressional leaders are closing in on a $70 billion bipartisan and bicameral deal that would expand the child tax credit and provide tax breaks for business through 2025, three sources with knowledge of the talks said.

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