IRS

Dems push IRS reform after it was dropped from $1T infrastructure bill

Sens. Elizabeth Warren, D-Mass., Bernie Sanders, I-Vt., and Sheldon Whitehouse, D-R.I., wrote a letter to IRS Commissioner Charles Rettig on Monday requesting more information on the “benefits of investing in the IRS” after a proposal to inject $40 billion into the agency to close the tax gap was scrapped earlier this year.

As Dems push SALT cap repeal, many states have OK’d workaround

Some Democrats in Congress are pressing President Biden to repeal a $10,000 cap on state and local tax deductions as he considers tax increases, but a number of states have already approved a method that allows some residents to circumvent the cap.