Chris Cioffi

Senate Republicans say they still have reservations about the bipartisan tax deal, one day after the House passed the legislation by a large majority.

HILL TAX BRIEF: Senate Has a Week to Keep Tax Package’s Momentum

Senate Republicans said there was no hurry to move a tax bill before an upcoming two-week recess, maintaining a call for the Senate Finance Committee to consider the bill in a markup during which lawmakers vote on amendments.

With nearly a third of the US Tax Court bench unfilled, the Senate Finance Committee will likely move quickly to vet and confirm the first batch of President Joe Biden’s picks for those seats.

A top Senate Democrat wants to make it harder for ultra-wealthy investors using niche life insurance policies with payouts totaling at least $40 billion to escape IRS scrutiny, a

House Ways and Means Committee Chair Jason Smith (R-Mo.) is going all in trying to ease GOP senators' concerns about the child tax credit expansion in the $78 billion bipartisan tax package he helped broker.

Sen. Kyrsten Sinema’s decision not to seek re-election will leave the business community with one less potential bipartisan deal-maker in the next Congress, especially on tax and economic issues, lobbyists said.

Caterpillar, Inc. escaped criminal tax charges over its offshore profit-shifting strategy with the help of “egregious political interference” from former Attorney General William Barr, Senate Finance Committee investigators alleged in a letter demanding information from the Justice Department.

Fischbach went on to press on whether Biden would lay out his principles for negotiations with Congress over taxes, prompting a sharp reply from the normally placid Yellen.

Treasury Secretary Janet Yellen came under fire from Republican lawmakers Tuesday over a quip from President Joe Biden about letting tax cuts enacted by predecessor Donald Trump expire.