Two tax battles await Congress in September – Roll Call

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Two tax battles await Congress in September

CQ Budget podcast, episode 121

Senate Minority Leader Chuck Schumer, D-N.Y., announces at an Aug. 1, 2019 press conference that Senate Democrats will push to repeal a Treasury Department and IRS rule, which goes into effect Aug. 11, 2019. (Caroline Brehman/CQ Roll Call)

By David Lerman, Peter Cohn and Toula Vlahou

Posted August 5, 2019 at 3:28pm

rollcall

Senate Democrats are preparing to fight the Trump administration over a $10,000 limit on deductions for state and local taxes, says CQ Roll Call’s budget and tax editor Peter Cohn. And some conservatives are pressing the White House to bypass Congress to index capital gains taxes to inflation, in a move that would cut taxes for wealthy stock owners.

Show Notes:

Senate Democrats push repeal of state and local tax rule

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