Doug Sword
Roll Call
Washington, DC, United States
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Past articles by Doug:
Coronavirus aid deal to pass Senate Tuesday, Schumer says
Democrats and the White House reached a deal in principle during late-night negotations, according to Senate Minority Leader Charles E. Schumer. → Read More
JCT: Coronavirus aid bill to cut taxes by $591B over 10 years
The coronavirus financial rescue package the House will take up Friday would save U.S. households and businesses nearly $1 trillion in taxes this year, though companies would have to pay a chunk of that back starting in 2021. The Joint Committee on Taxation estimates that overall during the next decade, the tax provisions of the … → Read More
Chris Allen, longtime Senate Finance Committee GOP tax aide, has died
Chris Allen, a Senate Finance Committee GOP tax aide. He handled pensions and tax-exempt organizations issues under Finance Chairman Charles E. Grassley. → Read More
Businesses hit by mistaken tax penalty seek help from Congress
A one-word drafting error in the 2017 tax code overhaul has sent companies ranging from PetSmart to Nissan scrambling to Capitol Hill for relief. → Read More
Craft distillers, retailers wait anxiously for tax extenders
As the end of 2019 nears without a deal, the best bet for enacting tax legislation appears to be fiscal 2020 appropriations legislation still in the works. → Read More
Disputed butane tax credit could cost nearly $50 billion
Treasury could take a $49.9 billion hit if butane qualifies as an alternative fuel eligible for a 50 cents per gallon tax credit, a new estimate says. → Read More
House Democrats feeling the heat on ‘SALT’ cap rollback
Democrats haven't touched the cap on state and local tax deductions.That's starting to become a problem for the dozen or so freshman Democrats. → Read More
Democrats prepare to duel McConnell over year-end wish list
As the Senate majority leader pushes several initiatives to benefit his constituents, Democrats are busy trying to extract their own concessions in return. → Read More
Senate rejects repeal of state and local tax deduction cap rule
Republicans appeared to relish the chance to turn tables on Democrats, after having been tagged for favoring the wealthy and businesses in the 2017 tax law. → Read More
Democrats seeking votes in Trump country tout miners’ benefits
As Senate Republicans near the release of a plan to shore up coal miners' and other union pension plans, Democrats see an opening in Trump country. → Read More
Trump gets temporary stay after judge rules for DA in tax records case
U.S. district judge dismisses Trump’s lawsuit that sought to block Manhattan DA’s subpoena to obtain 8 years of his tax returns and other financial info. → Read More
State and local tax cap rollback included in year-end tax talks
House Ways and Means Democrats look to include the elimination of the current $10,000 cap on annual state and local tax deductions in tax bill talks. → Read More
Ways and Means to weigh rollback of state, local tax deduction cap
The House Ways and Means Committee will soon hold “a full-throttle discussion” about concerns with the $10,000 cap on state and local income tax deductions. → Read More
Ways and Means chairman cites ‘credible allegations’ of misconduct in presidential tax audit
A filing by Ways and Means Chairman Richard Neal cites an allegation of “inappropriate efforts to influence” an audit of President Donald Trump’s taxes. → Read More
Buffeted by trade winds, soybean farmers seek tax credit renewal
One bright spot in an otherwise dreary outlook the ongoing China trade war crossfire has been the 1.5 gallons of cleaner burning biodiesel fuel. → Read More
Senate, House start to chip away at ‘kiddie tax’ hike
Both chambers are moving to reverse tax law changes that unintentionally subjected investment earnings of low-income children to higher tax rates. → Read More
Mnuchin refuses to comply with subpoenas for Trump tax returns
The fate of President Donald Trump’s tax returns will be decided in court. The treasury secretary's refused a subpoena to produce Trump's taxes. → Read More
Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig subpoenaed over Trump tax returns
Subpoenas went out to Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig to provide President Donald Trump’s tax returns. → Read More
Mnuchin rejects Neal’s request for Trump tax returns
Treasury Secretary Steven Mnuchin won’t be complying with a demand to submit six years worth of President Donald Trump’s tax returns. → Read More
Congress might finally help the IRS trade in its old clunkers for newer computers
IRS Commissioner Charles P. Rettig put the computer repair bill at somewhere between $2.3 billion and $2.7 billion for its aging systems. → Read More