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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

Congress should pass defense budget to deter Putin, senators say

Wicker drew a parallel to the former Soviet Union’s invasion of Afghanistan in 1979, which stretched on for a decade costing thousands of Soviet lives and ended with the U.S.S.R.’s ignominious retreat