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The Latest Breaking News from Michael D Crapo

Reconciliation talks complicated by ‘SALT’ tax hurdle

WASHINGTON — Democrats’ demands for changes to the tax code are threatening to complicate efforts to pass a slimmed-down budget reconciliation package by the August recess, as warring positions on a deduction for state and local taxes reemerge as a potential roadblock.

Tribune News Service

Reconciliation talks complicated by 'SALT' tax hurdle - Roll Call

Reconciliation talks complicated by 'SALT' tax hurdle - Roll Call

Democrats’ demands for changes to the tax code threaten to complicate efforts to pass a budget reconciliation package by the August recess.

Senate GOP pitches options for stalled competition bill - Roll Call

Senate GOP pitches options for stalled competition bill - Roll Call

McConnell floats having House pass Senate version or moving $52 billion for semiconductor subsidies separately.

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Biden outlines economic framework for US, Asian nations - Roll Call

President Biden, on a trip to Tokyo, lays out an economic framework for the US and 12 other countries to counter China's influence.

Republicans split on adding semiconductor tax breaks to competition bill

An effort to add bipartisan tax incentives for U.S. semiconductor manufacturing to a House bill is running into GOP divisions.

Google touts stalled reconciliation package in energy agenda

WASHINGTON — Google and other companies will fail to meet ambitious climate targets unless legislation and regulations are quickly approved and imposed that ramp up demand for cleaner forms of energy, the tech giant said in a new policy statement.

Tribune News Service

Google touts stalled reconciliation package in energy agenda - Roll Call

Google said it won't meet its climate goals unless the Senate passes the $2.2 trillion bill blocked by Democratic Sen Joe Manchin III.

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Windfall profits tax, consumer rebate options under discussion

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

Tribune News Service

Windfall profits tax, consumer rebate options under discussion - Roll Call

Windfall profits tax, consumer rebate options under discussion - Roll Call

Driven by sharply higher gas prices, Democrats are discussing ways to tax large oil and gas companies' excess profits and return the money to consumers.

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