Congress · 117th Congress
House Ways and Means tax plan runs into Senate chopping block
A change to how companies count research and development expenses, which would’ve undercut their ability to deduct that spending, would be pushed off to 2026.
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A change to how companies count research and development expenses, which would’ve undercut their ability to deduct that spending, would be pushed off to 2026.
To offset some of the added cost, the compromise amendment would extend a limit on losses some business owners can claim against other income for an extra year, through 2026.
Union pension plans’ financial woes are putting such a strain on the PBGC that its multiemployer insurance fund is in danger of running dry by 2026.
> Pointing to voter referenda in Nebraska and Florida that, respectively, imposed a 36 percent annual interest rate cap on payday loans and put the state on course for a $15-per-hour minimum wage in 2026