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Congress · 117th Congress

New round of aid for restaurants, others likely to be the last

The law also added a 20 percent deduction for owners of pass-through businesses like partnerships and S corporations, whose owners are taxed at the individual level with a top rate of 37 percent.

Congress · 117th Congress

Democrats mulling revival of employee retention tax credit

New lobbying push Small businesses and nonprofits balked at the move at the time and are now lobbying Congress to restore the employee retention tax credit for 2021’s final quarter.

Congress · 117th Congress

Biden, lawmakers warn Putin of severe sanctions over Ukraine

Lawmakers are expected to increase the level of annual security assistance Ukraine receives to $300 million, up from enacted levels of roughly $275 million, according to the text of the final comprise bill (S

Congress · 117th Congress

Short-term highway bill extension brings anxiety to contractors

Higher costs <p id="h-though-it-s-hard-to-quantify-he-said-such-disruptions-will-inevitably-increase-costs-on-some-projects">Though it’s hard to quantify, he said, such disruptions “will inevitably

Policy · 116th Congress

Top House tax writers unveil retirement savings proposal

The bill would also increase the age for required minimum distributions from 401(k)s and other tax-favored retirement plans from 72 to 75 years old, adding options for older savers wrestling with

Politics · 115th Congress

Pompeo Confirms Mueller Interview

Secretary of State nominee Mike Pompeo told senators at his confirmation hearing Thursday he has been questioned by special counsel Robert S.

Policy · 115th Congress

EPA Inhofe Alumni Group Closer to Expanding

The Diesel Emissions Reduction Act (S 1447) would extend for five years the program created under the Energy Policy Act of 2005 (PL 109-58), authorizing $100 million annually for technology to curb