A House Ways & Means Committee hearing on Tuesday broke down when Rep. Lloyd Doggett (D-TX) raised a point of order.

The Ways & Means bill contains numerous new tax cuts and breaks, most of which would expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...

The interest income, categorised under “loans and receivables” in the CBN’s 2024 financials, is tied to the controversial Ways and Means facility—an overdraft provided by the apex bank to ...

The House Ways and Means Committee, which has jurisdiction over taxes, on Friday evening released partial text for its portion of President Trump’s “big beautiful bill” and scheduled a ...

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key ...

On May 9, 2025, House Committee on Ways and Means Chairman Jason Smith (R-MO) released a proposed 28-page tax bill, which is scheduled for markup by the House Committee on Ways and Means on May 13 ...

On Friday, May 9, the House Ways and Means Committee released a portion of its draft tax legislation (the “House Draft Bill”) to amend the Internal Revenue Code of 1986 (the “Code”).

The House Ways and Means Committee, which has jurisdiction over taxes, on Friday evening released partial text for its portion of President Trump’s “big beautiful bill” and scheduled a meeting to ...