Search the Roll Call archive by keyword, date, Congress, section, or tags.
↵↵The testimony comes just over a month into the 2026 tax filing season, which has been marked by the Trump administration's efforts to shrink the IRS workforce despite all the new tax code changes from
For prior research investments made during the 2022 through 2024 period, the law enabled businesses to claim deferred deductions this year or across 2025 and 2026.
Now they must do so by July 4, 2026, or be completed by the end of 2027, to take advantage of the federal support.Â
State Medicaid directors, including those representing red states, have privately told drafters of the legislation that a Dec. 31, 2026, effective date in both versions would be too soon to implement work
Bessent appeared before the committee Wednesday to justify the administration’s fiscal 2026 budget request, spending much of his time praising and defending the budget reconciliation bill the House passed
But if the tax cut law is not extended, the SALT deduction would be reinstated, reducing federal government revenues by $144.7 billion in 2026 and $208.5 billion in 2028.
is being hailed as "Tax Super Bowl" — or, in some corners, "Tax Armageddon" — the growing possibility of divided government in Washington next year has some predicting the tax fight could stretch into 2026
But under the latest IRS notice, the $600 threshold won’t be felt until the 2026 tax season, and Congress will likely address a slate of expiring tax provisions under Republicans’ 2017 tax law by the end
The proposal acknowledges the likely delay by giving cryptocurrency brokers more time before being required to deliver more information to the IRS — forms would be required in 2026, covering transactions
He said those now aged 59 would see an increase in the retirement age of three months per year beginning in 2026. The retirement age would reach 69 for those who turn 62 in 2033.
, rescissions of mostly pandemic spending and other changes, the package would save an estimated $1.5 trillion over a decade, and up to $2.1 trillion if Congress abides by additional caps from fiscal 2026
that would lower insulin costs by providing $3.1 billion to help federally qualified health centers cover the direct costs of discounted insulin and epinephrine for qualifying patients through fiscal 2026
Under the package, patients wouldn’t see prices that Medicare negotiates directly with drugmakers until 2026, and they would only involve 10 high-cost drugs.
Now the bill includes a one-year expansion and almost $4 billion available through 2026 for the IRS, along with another $1 billion for the Treasury Department to support enrollment and administration
with party leaders on a potential five-year suspension of the $10,000 cap on state and local tax deductions, though that break would be paid for by extending the current law cap five years beyond its 2026
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.
Medicare’s financial problems start to pinch in 2026, when hospital payments would need to be trimmed 9 percent, according to government actuaries.