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Sheldon Whitehouse, D-R.I., that would eliminate tax deferrals for shareholders who receive stock in mergers of corporations with gross annual receipts of more than $500 million.
But the measure enjoyed solid backing from House Democratic leaders, who whipped in favor of the Biden administration-backed bill and have a strong track record of keeping most of their caucus in line.
That shielded the accounts for improving taxpayer services and modernizing IRS systems from cuts, in line with traditional bipartisan backing for that spending. Louisiana Sen.
from the Whitehouse rule if it’s adopted.Â
The measure, which advanced out of the Financial Services Committee on a party-line vote, would increase the bank’s lending authority to $175 billion from $135 billion, and rename it the United States