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Laura Weiss Profile
Laura Weiss

@LauraEWeiss16

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co-author of @PunchbowlNews 's The Vault covering tax, economic policy & financial services. prev: Roll Call, Hearst CT newspapers. laura @punchbowl .news. she/her

Washington, D.C.
Joined January 2014
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@LauraEWeiss16
Laura Weiss
5 years
. @AOC asking about stock buybacks at hearing, with a long buildup to that her question is... “How is this different from a pyramid scheme?” #corpgov
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@LauraEWeiss16
Laura Weiss
3 months
The Smith-Wyden bipartisan tax package - expanding the child tax credit & reviving business tax benefits like R&D - passed the House under suspension Huge numbers in favor. Final vote is 357-70. It’s now onto the Senate
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@LauraEWeiss16
Laura Weiss
3 months
NEW: The House will no longer vote on a rule tomorrow for New York Republicans' SALT bill, per multiple Democratic sources New Yorkers pushed for SALT in the bipartisan tax bill last week. Instead Rules teed up this bill, providing some SALT relief in 2023 w/ @heatherscope
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@LauraEWeiss16
Laura Weiss
5 months
Thrilled to announce it's my first week at Punchbowl News! I’ll be co-authoring The Vault with the great @BrendanPedersen and covering tax, financial services, banking and more on economic policy/politics in Congress. Add me to your press lists & send along any tips/thoughts!
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@LauraEWeiss16
Laura Weiss
4 months
Some details here of potential bipartisan tax deal, per an office briefed today on where the deal stands -- $35B each for CTC and 3 business tax benefits. That $70B could be largely covered by ending employee retention tax credit claims early
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@LauraEWeiss16
Laura Weiss
4 months
If you love tax news, we’ve got it for you in @PunchbowlNews PM!
@BrendanPedersen
Brendan Pedersen
4 months
TAX NEWS: Bipartisan tax deal is almost here with Ways and Means staff planning to debrief GOP members on parameters Wednesday. Wyden told me the deadline is filing season's start on Jan. 29 to expand the child tax credit for 2023.. w/ @LauraEWeiss16 @JakeSherman @heatherscope
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@LauraEWeiss16
Laura Weiss
4 months
On CTC, deal could phase in benefits faster for multi-child families w/ lower income, gradually raise cap on how much is refundable, allow prior-year income for calculating benefits Plus, max value of credit - now $2K - would be indexed to inflation starting in 2025
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@LauraEWeiss16
Laura Weiss
3 years
At Economic Club of DC, @Sen_JoeManchin called rule that banks report gross flows for accounts to the IRS “screwed up” & said “I think that one's going to be gone,” per CQ’s David Lerman Rule has been in the mix as option to add hundreds of billions in revenue for reconciliation
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@LauraEWeiss16
Laura Weiss
3 months
The Rules Committee is expected to meet tomorrow morning on a SALT bill, per a source Here’s text of the SALT bill in play here, which is a very limited, temporary deduction increase for married couples
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@LauraEWeiss16
Laura Weiss
3 months
NEW: NYers pressing for SALT relief in the tax package got a commitment from leadership for a vote next week on a SALT bill to double deductions for married couples filing taxes jointly, getting rid of the “marriage penalty,” per a source Smith-Wyden bill set for a vote tonight
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@LauraEWeiss16
Laura Weiss
3 months
The rule for NY Republicans’ SALT bill failed 18 GOP no’s, a big show of opposition for the rule. No’s included W&M R’s Steube and Kustoff
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@LauraEWeiss16
Laura Weiss
5 years
. @brianschatz says US financial regulators aren’t doing their job because they’re not addressing climate risk as material during speech at UN PRI summit
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@LauraEWeiss16
Laura Weiss
3 months
The rule for NY Republicans’ SALT bill failed in a 195-225 vote today. It had 18 GOP no’s. 2 notable NJ Dems didn’t vote. The NYers showed some willingness to fight on SALT, but also the strong opposition in their own party. More in @PunchbowlNews PM:
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@LauraEWeiss16
Laura Weiss
2 years
. @SenatorRomney told me he’s talking with the White House this week about his plan to overhaul and expand the child tax credit. He said he’ll “see if we have any interest in doing something together.” More on CQ:🔒
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@LauraEWeiss16
Laura Weiss
4 months
On biz side, deal would include R&D, interest expensing, bonus depreciation. Full, upfront R&D deductions would be ONLY for domestic spending
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@LauraEWeiss16
Laura Weiss
4 months
NEWS: Wyden & Smith have a ~$78B tax deal & plan to roll it out this a.m., per source familiar w/ talks Expected in it: -biz measures -child tax credit -affordable housing -disaster tax relief -Taiwan bill -Ending ERC claims Details in @PunchbowlNews AM
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@LauraEWeiss16
Laura Weiss
4 months
NEW: Ways & Means Democrats are meeting tomorrow afternoon to talk about the potential tax deal on the child tax credit & business tax breaks As we've reported, W&M Republicans will have staff walk through parameters at lunch tomorrow A deal is close and likely in $50-80B range
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@LauraEWeiss16
Laura Weiss
4 months
NEW: W&M has text of the Wyden-Smith tax deal. Here's the bill they're marking up on Friday at 9 a.m. --
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@LauraEWeiss16
Laura Weiss
3 years
NJ's other senator Cory Booker told @lindsemcpherson he supports full SALT repeal: "It's something that is outrageous that they balanced the Trump tax cut on the backs of New Jersey residents." Asked if he would be open to a two-year repeal, he repeated he's for "full repeal."
@SenatorMenendez
Senator Bob Menendez
3 years
We still have a lot of issues to work through in reconciliation, but my position on this one is pretty clear. No SALT relief, no deal.
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@LauraEWeiss16
Laura Weiss
4 months
NEW: Rep. Beyer tells reporters leaving Dem meeting on tax negotiations that he was told tax writers are discussing $70B package split between CTC & business tax benefits He says cost would be largely covered by ending employee retention tax credit claims
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@LauraEWeiss16
Laura Weiss
2 months
. @SenToddYoung now on backing Wyden-Smith tax bill: “I also want it to be know by my colleagues & by leadership that if [Crapo] falls short in the effort to seek changes, we should still move forward. And I want to offer encouragement to colleagues that might join me in that.”
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@LauraEWeiss16
Laura Weiss
4 months
The latest on what's next for the tax package that Wyden & Smith rolled out today, including a W&M markup --
@PunchbowlNews
Punchbowl News
4 months
THE VAULT: Supporters of a deal to expand the child tax credit and revive business tax breaks are ramping up their efforts to move it through both chambers.
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@LauraEWeiss16
Laura Weiss
2 months
Schumer is taking a key procedural step on the bipartisan tax bill from @RonWyden & @RepJasonSmith tonight. Doesn't mean a Senate floor vote will happen, but still a necessary move that bill backers were looking out for -
@AndrewDesiderio
Andrew Desiderio
2 months
Tax scoop: Schumer will put the House-passed Wyden-Smith tax bill on the Senate’s calendar tonight under Rule 14. This is simply a procedural step & isn’t an indication that Schumer will eventually put the bill on the floor. But notable nonetheless. w/ @LauraEWeiss16
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@LauraEWeiss16
Laura Weiss
5 years
. @abigaildisney told members of Congress today that the company her grandfather built ( @WaltDisneyCo ) could lead on better paying workers but has lacked the imagination to do so. My story on @rollcall :
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@LauraEWeiss16
Laura Weiss
2 months
NEW: Wyden/Crapo traded - but both rejected - offers on the tax bill Dems believed Crapo's CTC changes would kill bill by losing Dems, per Wyden aide. Crapo rejected Wyden counter, which included swapping out CTC lookback (Vault subscribers got this 1st, in text out now)
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@LauraEWeiss16
Laura Weiss
27 days
NEW: Sens. Sinema, Hawley & Young are quietly & informally working to get to 60 votes for the tax bill Some of the changes they’re discussing were talked about on a call w trade groups Monday & include Hawley’s push for RECA More w/ @AndrewDesiderio
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@LauraEWeiss16
Laura Weiss
3 months
NY Republican D’Esposito says going into the vote on the Smith-Wyden tax bill that he hopes Rules meets tonight on a SALT bill Garbarino, another NYer, says group has had good discussions with leadership on SALT
@JakeSherman
Jake Sherman
3 months
NEWS — House Republicans are discussing going to the Rules Committee tonight to prepare a SALT relief bill for the floor, several sources tell @LauraEWeiss16 @heatherscope and me. SALT relief didn’t make it in the tax bill. So this won’t become law or get through the senate…
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@LauraEWeiss16
Laura Weiss
3 months
. @RonWyden taking a tougher tone w/ Senate GOP tax deal critics: “It’s time to decide. This has been out there for 5 weeks, and they haven’t even said — these critics — here’s what we want and… we’ll vote for it if we get the following things.” From AM:
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@LauraEWeiss16
Laura Weiss
4 months
. @RepJasonSmith & @RonWyden announce their tax deal, which we laid out this morning: Here's their summary:
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@LauraEWeiss16
Laura Weiss
28 days
In the latest push for his tax bill, Finance Chair @RonWyden released Treasury data saying 3.8M small businesses took now-expired tax breaks in 2021 that the bill would revive Wyden is hitting R's for blocking the bill. There have also been calls for Schumer to hold a vote --
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@LauraEWeiss16
Laura Weiss
5 years
While @AOC has you here, more from today's hearing. Abigail Disney called on the company her family built to do more for workers:
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@LauraEWeiss16
Laura Weiss
4 months
So proud of my former CQ Roll Call colleagues who deserve a bigger voice to represent the FANTASTIC journalism they do. I'm so grateful for my six years in this incredible newsroom and the fellow reporters who taught me so much. Standing with them!
@CQRollCallGuild
CQ Roll Call Guild
4 months
We’re proud to announce the CQ Roll Call Guild, part of @newsguild . Congressional Quarterly has covered Congress since 1945 and Roll Call has been a trusted source of Capitol Hill news since the Eisenhower administration.
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@LauraEWeiss16
Laura Weiss
1 month
Schumer lists legislation to expand the child tax credit among bipartisan bills that could come up in the "weeks and months ahead" That mention is significant for the Smith-Wyden tax bill. Backers are pushing for a floor vote in the face of Senate GOP opposition
@AndrewDesiderio
Andrew Desiderio
1 month
New Schumer Dear Colleague letter outlines next Senate work period First up: Mayorkas impeachment trial. FISA 4/19. FAA 5/10. FSK bridge. Bipartisan bills On foreign aid: “I have spoken with Speaker Johnson & I believe that he understands the threat of further delaying”
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@LauraEWeiss16
Laura Weiss
2 months
NEW: Senate Finance’s top Republican @MikeCrapo with a new statement on the Wyden-Smith tax deal Says his concerns with bill remain the same - like with CTC lookback - but colleagues’ issues have grown with time including about making 2023 changes at this point in filing season:
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@LauraEWeiss16
Laura Weiss
2 years
In Democrats’ updated reconciliation text, it appears the 15% corporate minimum tax allows accelerated depreciation deductions & has a new carve out for investments in wireless spectrum As reported, 1% tax on stock buybacks is in and carried interest is out
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@LauraEWeiss16
Laura Weiss
4 months
New in @PunchbowlNews AM: Speaker Mike Johnson hasn’t made up his mind about whether to support the bipartisan tax package that W&M approved last week in a big bipartisan vote The reason? Grumbling from some of his members about the deal
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@LauraEWeiss16
Laura Weiss
3 months
NEW: Rep. LaLota tells reporters that it’s on the table to take action against unrelated rules due to frustration over lack of SALT in the bipartisan tax package Rep. D’Esposito says he’s “absolutely” on board too
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@LauraEWeiss16
Laura Weiss
1 year
IRS delaying by 1 year the new $600 1099-K reporting threshold for third-party payment platforms like Venmo, Uber & eBay. Lawmakers aiming to lift the threshold say delay gives Congress time to act @RichardRubinDC & @Saunderswsj first reported More (🔒):
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@LauraEWeiss16
Laura Weiss
2 months
NEW: Inside the bleak tax convo at GOP lunch Finance RM Crapo said he doesn’t want to pass a tax bill this year & spoke of persistent issues w/ Wyden-Smith bill after talks broke down, per 3 sources w/ direct knowledge w/ @AndrewDesiderio @bresreports
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@LauraEWeiss16
Laura Weiss
3 months
So much tax news in @PunchbowlNews Midday! -Rules approves SALT bill but House GOP believes rule won’t pass on the floor, from @JakeSherman & me -On @RepJasonSmith ’s big tax deal vote & what it says for 2025 - @maxpcohen on Jeffries cheering tax bill wins
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@LauraEWeiss16
Laura Weiss
2 years
As senators take turns talking about Dems' reconciliation bill on the floor, Finance Chair Wyden touted a 1% tax on stock buybacks now back in the bill He spoke about the $80B in IRS funding & said Dems will "watchdog" the IRS to ensure it's pursuing tax evasion by the wealthy
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@LauraEWeiss16
Laura Weiss
4 years
INBOX: Over 500 Amazon corporate, tech workers joining warehouse workers in demanding facility shutdowns if a worker there has COVID-19, keeping paying warehouse workers. From group formed to press Amazon on climate-related policies, which has expanded to address other problems
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@LauraEWeiss16
Laura Weiss
4 months
Some W&M Democrats starting to say during markup that they'll vote for Chair Jason Smith & Sen Finance Chair Ron Wyden's tax deal Reps. Thompson, Blumenauer, Pascrell saying they plan to support it, even though they and fellow Dems saying they want more on the child tax credit
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@LauraEWeiss16
Laura Weiss
3 years
W&M Chair @RepRichardNeal said he & Pelosi decided to add paid leave back in reconciliation bill this morning: “We can’t always pull back on our proposals because the other chamber doesn’t want to do this & they don’t want to do that. That’s for further negotiation & discussion.”
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@LauraEWeiss16
Laura Weiss
4 years
🚨on Roll Call: corporate investors are addressing reproductive health issues w/ corporations in largest ever push & are filing what experts say are likely the 1st ever proposals for votes that name abortion directly, urge companies to back abortion rights
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@LauraEWeiss16
Laura Weiss
4 months
Here's Sen. Michael Bennet on Wyden-Smith tax deal out this morning, saying while he prefers Dems' bigger 2021 CTC expansion, lawmakers need to pass this:
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@LauraEWeiss16
Laura Weiss
1 month
. @SenMullin had stark warnings for Senate GOP colleagues on how their rejection of the Smith-Wyden tax bill could hamper their hopes for 2025 Mullin told me failure to pass the bill will create problems btwn House & Senate in next year's tax debate More:
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@LauraEWeiss16
Laura Weiss
4 months
Republican senators leaving meeting with IRS Commissioner Werfel saying he laid out policies to crack down on fraud w/ employee retention tax credit That could provide savings for tax deal But Sen. Tillis says any savings shouldn’t be looked at as paying for other tax policies
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@LauraEWeiss16
Laura Weiss
2 years
SENATE DEMOCRATS PASS CLIMATE, TAX & HEALTH CARE BILL IN 51-50 VOTE W/ VP HARRIS BREAKING TIE After a marathon overnight voting session and last minute tax changes, the reconciliation bill is onto the Democrat-controlled House
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@LauraEWeiss16
Laura Weiss
3 months
4 New Yorkers upset about lack of SALT in the bipartisan tax package have voted “no” as of now on current rule vote Lawler, D’Esposito, LaLota & Garbarino NYers were huddling w/ Speaker Johnson before the rule vote, per a source familiar. Now a huddle on the floor w/ leadership
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@LauraEWeiss16
Laura Weiss
3 years
Sens Warren & King told reporters today on a call that they'll be pushing to include in Dems' budget reconciliation package a 7% tax for companies on profits reported to shareholders over $100M. They said it's an issue of tax fairness, and would raise about $700B over a decade.
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@LauraEWeiss16
Laura Weiss
4 months
Here's a statement from Sen. Mike Crapo - the top Republican on the Senate Finance Committee - about Wyden-Smith tax deal. Crapo describes the agreement as a "thoughtful starting point for the House to begin the process" --
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@LauraEWeiss16
Laura Weiss
3 years
The moment I realized I was standing next to @ParisHilton 👀
@MelMcIntire
Mary Ellen McIntire
3 years
Thursday morning on Capitol Hill: @RonWyden excitedly greeting @ParisHilton
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@LauraEWeiss16
Laura Weiss
3 years
White House EO on climate risk is out. Along with directing government to coordinate & address climate-related financial risk (which some agencies are already doing), Biden's EO directs Labor Dept to consider scrapping rules that block inclusion of ESG funds in retirement plans.
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@LauraEWeiss16
Laura Weiss
4 years
I'm excited to announce the first edition of the CQ ESG Briefing, a newsletter covering how companies are addressing environmental, social and governance issues, is out! I'll be writing about all things #ESG every Thursday morning. And it'll mean more ESG news featured on CQ
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@LauraEWeiss16
Laura Weiss
2 years
President Biden signed his party’s climate, tax & health care package into law in a White House ceremony, capping off a more than year-long push from Democrats. Democrats at his side including @Sen_JoeManchin & @SenSchumer , who cut the deal on what largely became the final bill.
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@LauraEWeiss16
Laura Weiss
4 months
House GOP leadership hasn't yet decided whether to put the bipartisan tax deal on the floor this week. It could come to the floor Tues. or Wed. - or get punted More on the bill's status/obstacles plus backers' efforts from the @PunchbowlNews Sunday Vault:
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@LauraEWeiss16
Laura Weiss
3 months
W&M Chair @RepJasonSmith on the Senate taking up his tax bill w/ Sen. Wyden after House passes the package: “The House spoke overwhelmingly. I hope that they want to deliver for the American family, the American worker. That’s what this bill does.”
@LauraEWeiss16
Laura Weiss
3 months
The Smith-Wyden bipartisan tax package - expanding the child tax credit & reviving business tax benefits like R&D - passed the House under suspension Huge numbers in favor. Final vote is 357-70. It’s now onto the Senate
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@LauraEWeiss16
Laura Weiss
5 years
This is a big moment for United for Respect, which also used last yr's Walmart mtg to push for worker-friendly changes but w/ less of a spotlight. Now, they're working w/ powerful Dems from Bernie to @SenatorBaldwin (they support her bill for employees to elect 1/3 board members)
@BernieSanders
Bernie Sanders
5 years
Today at the Walmart shareholders meeting I spoke on behalf of @forrespect workers who are proposing to give hourly workers a seat on the board. @Walmart : Treat workers with dignity and respect, not with disdain and contempt. #BernieAtWalmart
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@LauraEWeiss16
Laura Weiss
2 years
. @SenWarren speaking at CAP event now, on 15% minimum tax on corporations' income reported to shareholders: "I believe this is gonna happen," she said of the tax, which is part of Democrats' stalled reconciliation bill. "We've got 50."
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@LauraEWeiss16
Laura Weiss
4 months
TAX NEWS from @PunchbowlNews Midday: The tax deal being hammered out by House & Senate negotiators is expected to land in the $50-$80 billion range, according to sources close to the talks More details w/ @JakeSherman @heatherscope @BrendanPedersen
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@LauraEWeiss16
Laura Weiss
5 months
This also means I’ve wrapped up a great 6 years at CQ Roll Call - so grateful to a wonderful newsroom for my time getting to cover the rise of ESG and all things tax/fiscal policy on the Hill!
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@LauraEWeiss16
Laura Weiss
3 years
Today is my first day as CQ Roll Call's new tax & economic policy reporter. I'm excited to join a great CQ team & bring what I've learned covering ESG. As always, my DMs are open & email is in my bio if you want to talk taxes, have tips or share anything tax/economics related!
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@LauraEWeiss16
Laura Weiss
2 years
Two House Dems who’ve demanded SALT cap relief in the reconciliation bill - Gottheimer & Sherrill - are on board w/ the Senate-passed bill, per statements. They say it won’t raise taxes on families in their districts 3rd “no SALT, no deal” Dem, Suozzi, already signaled support
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@LauraEWeiss16
Laura Weiss
2 months
Young also said he believes votes are close to there for Wyden-Smith tax bill Says there’s a “fighting chance” to pass it even if Crapo can’t secure changes & remains opposed Young is a big backer of key bill provision on R&D. Still notable he’s pushing this as a Finance member
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@LauraEWeiss16
Laura Weiss
4 months
Rep. Neal - top Dem on W&M - votes FOR bipartisan tax package that Chair Smith & Finance Chair Wyden negotiated in today's markup Big bipartisan 40-3 showing with only a few Dem no's
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@LauraEWeiss16
Laura Weiss
1 month
Big news from @BrendanPedersen in AM on a new wrinkle in the race to succeed McHenry at HFSC. Another Republican enters the race —
@PunchbowlNews
Punchbowl News
1 month
THE VAULT: @RepFrankLucas is running to be the next top Republican on the House Financial Services Committee. @BrendanPedersen with the details:
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@LauraEWeiss16
Laura Weiss
4 months
Finance Committee ranking member Sen. Crapo leaves a briefing w/ his members & tells reporters he’s not on board right now w/ Wyden-Smith tax deal and wants changes Also says he and his members want to do a markup. Says Wyden’s Jan 29 deadline is tight to get this done
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@LauraEWeiss16
Laura Weiss
2 years
For the first time in 6 months, child tax credit checks didn’t go out today to millions of families. Democrats plan to lobby Manchin on the CTC rather than work w/ Republicans, hoping to preserve access added in 2021 for more families w/ @lindsemcpherson
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@LauraEWeiss16
Laura Weiss
2 years
Senate Democrats are discussing suspending the gas tax, capping insulin costs, antitrust efforts & other measures aimed at cutting costs for Americans amid rampant inflation. They plan to bring legislation to the floor in March. w/ @lindsemcpherson
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@LauraEWeiss16
Laura Weiss
3 months
. @RepJasonSmith is selling his tax deal - and making headway - in the Senate. But it's got notable opponents too & some made that clear when W&M staff presented at Senate GOP chiefs meeting last week More from me & @AndrewDesiderio in the Sunday Vault:
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@LauraEWeiss16
Laura Weiss
1 year
I joined Washington Journal this morning to talk about Ways & Means releasing Trump’s tax returns. Covered Democrats’ case (below), the Republican response, when we’ll see the returns themselves & more — listen in!
@cspanwj
Washington Journal
1 year
Today | @LauraEWeiss16 of @rollcall on the latest news surrounding the public release of former President Trump's tax returns "This was about making sure that someone is scrutinizing and putting essentially a check on the President's power"
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@LauraEWeiss16
Laura Weiss
4 months
News on the tax deal: WH on board —
@BrendanPedersen
Brendan Pedersen
4 months
🚨WH Press Secretary Karine Jean-Pierre says the House Ways and Means Committee's bipartisan tax deal marked up today 40-3 is a "welcome step forward, and we believe Congress should pass it."
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@LauraEWeiss16
Laura Weiss
3 months
In our Sunday Vault, @BrendanPedersen & I dig into the government funding fight impact on financial regulators & the IRS Plus, the tax deal latest & a new letter from W&M members taking issue with Treasury's crypto tax reporting rules. Read it all here:
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@LauraEWeiss16
Laura Weiss
2 months
. @RonWyden uses opening at today's Finance hearing on manufacturing/tax to push for his tax bill w/ W&M Chair Smith "I continue to be open to all sides who want to work in good faith to get this done," he says. Adds these policies won't be on the table in 2025 if bill stalls out
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@LauraEWeiss16
Laura Weiss
1 month
A new wrinkle for the Smith-Wyden tax bill: @HawleyMO is floating the idea of attaching RECA, his bill aiding radiation victims Comes as backers are trying to make a push for the tax bill this work period More from @AndrewDesiderio & me in AM -
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@LauraEWeiss16
Laura Weiss
1 year
Biden proposes quadrupling the buybacks tax (which is currently at a 1% rate) in SOTU. He also urges passage of his “billionaire minimum tax,” which would set a min tax on the wealthiest households based on income & gain in value of assets.
@LauraEWeiss16
Laura Weiss
1 year
In his State of the Union address tomorrow, Biden plans to call on Congress to quadruple a tax on companies' stock buybacks that Democrats created last year, according to the White House. More on CQ (🔒):
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@LauraEWeiss16
Laura Weiss
2 years
Now on @rollcall : a new Toomey-Scott bill aims to open 401(k) plans to a bigger mix of investments. They’re looking to include it in a year-end tax bill, which - if it comes together - would likely also carry a broader retirement savings package
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@LauraEWeiss16
Laura Weiss
2 years
CBO estimate for IRS funding is net $127B in revenue over a decade, a little above what CBO had based on Biden’s budget. That’s below White House’s net $400B, but that was expected. Wyden in a statement says that if anything WH number “is too conservative, not too aggressive.”
@USCBO
U.S. CBO
2 years
CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back Better Act, would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031.
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@LauraEWeiss16
Laura Weiss
2 months
. @SenThomTillis at Finance hearing says he came to explain his opposition to Wyden-Smith bill Says he's gotten calls from notable CEOs making case for the bill Tillis adds he doesn't want to set a precedent that tax bills like this need pay-fors. He's railed against the offset
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@LauraEWeiss16
Laura Weiss
4 months
W&M markup is underway on the tax deal that Smith & Wyden struck to expand CTC, biz tax benefits. Smith says in opening that bill builds on 2017 GOP tax law, also touts CTC expansion. Bill represents "bipartisan policies that are proven and effective," he says
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@LauraEWeiss16
Laura Weiss
3 years
The House just passed a package of ESG bills 215-214. The legislation would mandate disclosure of ESG metrics and specify reporting requirements on climate risk, political spending, pay raises, tax payments, board diversity, human capital management & more.
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@LauraEWeiss16
Laura Weiss
3 months
NEW: IRS Commissioner Werfel will be at W&M on Feb. 15 after House R’s requested he testify on 1099-K decision Plus, Heritage Action will tell lawmakers today they’re making SALT bill a key vote no, with rule vote tomorrow More in @PunchbowlNews Midday -
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@LauraEWeiss16
Laura Weiss
1 year
NEWS: @RepJasonSmith is the pick to be the next Ways & Means chairman, a source confirmed More to come @rollcall
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@LauraEWeiss16
Laura Weiss
1 year
The $1.7T omnibus spending package passed the Senate, @QuigleyAidan reports. Now onto the House. It includes a section to boost US households’ retirement savings that's widely backed in Congress. W&M Chairman Neal said that's a $53B, fully offset package.
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@LauraEWeiss16
Laura Weiss
3 months
The Smith-Wyden tax bill is scheduled for a vote TODAY Comes after Speaker Johnson was addressing NYer push for SALT late last night. SALT stand created friction, but bill itself is expected to have broad support If so, it would be a big deal for long-sought biz/family benefits
@JakeSherman
Jake Sherman
3 months
☀️ HOUSE COMMITTEE CLEARS MAYORKAS IMPEACHMENT - @bresreports , @MicaSoellnerDC and @AndrewDesiderio take you inside the impeachment hearing for Mayorkas -- and inside the trouble with the SENATE immigration bill - @LauraEWeiss16 and I scoop: @SpeakerJohnson will bring tax bill…
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@LauraEWeiss16
Laura Weiss
2 months
Senators leaving GOP lunch now say they had a conversation about the Wyden-Smith tax bill Republicans saying they talked through the bill & Sen. Crapo gathered input Sen. Tillis, a vocal bill critic, said similar issues came up like w/ the bill’s pay-for, which Tillis opposes
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@LauraEWeiss16
Laura Weiss
3 years
Democrats have a possible compromise on a clean energy tax plan for reconciliation: 5 yrs of House plan to expand existing incentives, then moving to Senate proposal to scrap existing tax breaks in favor of new ones tied to results w/ @lindsemcpherson
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@LauraEWeiss16
Laura Weiss
4 months
And Sen. Sherrod Brown weighs in, calling on lawmakers to pass Wyden-Smith tax deal. Highlights CTC, biz piece, disaster tax relief for East Palestine, affordable housing -
Tweet media one
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@LauraEWeiss16
Laura Weiss
3 years
Schumer urged Senators to read an analysis today from Moody's Chief Economist Mark Zandi, which says the bipartisan infrastructure bill and Democrats' budget package would grow the economy - and would produce the most growth if they're done together
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@LauraEWeiss16
Laura Weiss
2 months
ICYMI in the @PunchbowlNews Sunday Vault: Senate GOP leadership race dynamics are seeping into tax bill debate -Thune wants "big, significant" # of R's on board to back bill -Cornyn won't back it w/o Finance markup, or Crapo getting big edits Much more:
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@LauraEWeiss16
Laura Weiss
4 months
New in today’s @PunchbowlNews AM: Rep. LaLota (R-NY) is circulating a letter to Speaker Johnson saying tax deal shouldn’t be brought up under suspension so members can have SALT debate, according to draft we obtained Letter: More:
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@LauraEWeiss16
Laura Weiss
1 year
Ways & Means is set to meet at 3 on Trump’s tax returns. Republicans doing a presser now, with ranking member Brady saying Republicans will insist transcript from closed door portion become public. He says revealing info from Trump’s returns would create a new political weapon.
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@LauraEWeiss16
Laura Weiss
2 years
Now on @rollcall : A look at Democrats’ latest push led by @SenWarren for the IRS to create its own tax preparing services, more tools for non-filers to claim refundable tax credits & other programs meant to make filing taxes easier
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@LauraEWeiss16
Laura Weiss
2 years
Big businesses are pressing for more carve outs from the reconciliation bill’s 15% corporate minimum tax, including some related to pension funds & renewable energy projects. Dems behind the proposal say the tax’s structure works as is
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@LauraEWeiss16
Laura Weiss
3 years
Sen Finance Chair @RonWyden ’s tax on billionaires’ assets would bring in $557B over a decade, JCT found, per statement from Wyden. He’s still pushing to add the tax to the reconciliation bill in the Senate. That revenue # is higher than any single tax currently in the package.
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@LauraEWeiss16
Laura Weiss
2 years
Schumer said the Senate is expected to begin consideration of Democrats’ climate, tax & health care bill Saturday afternoon, leaving a short window to shore up Dem support — particularly Sen. Sinema’s crucial vote Reconciliation update w/ @lindsemcpherson
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@LauraEWeiss16
Laura Weiss
2 years
Senators just introduced a bill to restore the employee retention tax credit for 2021’s final quarter. Critically the bill has Republican support. It’s from @SenatorHassan & @SenatorTimScott w/ Dems Warner & Cardin plus Republican Capito.
@LauraEWeiss16
Laura Weiss
2 years
Key Democrats are mulling a revival of the employee retention tax credit, a piece of pandemic aid some small business and nonprofits want back. Small Business Chair Cardin told me it’s on the table for any fresh COVID relief & as a tax issue generally.
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@LauraEWeiss16
Laura Weiss
3 years
If it holds, the rate of rejections for corporations' executive pay packages will be at a record-high this year. “Shareholders have no patience for companies that are insulating executives from the effects of COVID,” said As You Sow's @LandisWeaver
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