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The Latest Breaking News from Joint Committee on Taxation

Bringing the Child Tax Credit Back to Life Is Too Costly

Congress’ Joint Committee on Taxation reported that a permanent expansion would cost more than $1.4 trillion over a decade.

Reason

Donald Trump’s Tax Returns Are Now Public: What You Need To Know

The House Ways and Means Committee released thousands of pages of President Donald Trump's tax returns from 2015 to 2020.

Zenger

By the numbers: How much Donald Trump paid in taxes each year from 2015 to 2020

The former president’s taxes have fluctuated over the years

The Independent UK

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Trump's Four Big Tax-Return Mistakes: Don't Make Them

Don't do what Donald Trump did in his federal tax returns. That's to avoid an IRS audit, financial advisors say amid release of the Trump tax returns.

Investors Business Daily

Five red flags in Trump's taxes

The Joint Committee on Taxation says in a report released this week by Democrats that there are multiple issues that the IRS should be examining.

Politico

How will the Inflation Reduction Act of 2022 change corporate taxes?

The Joint Committee on Taxation estimated that about 150 corporations would be subject to a new minimum corporate tax each year.

USAFacts

US tax bill costs corporations nearly $300 billion more, while middle class pays less

Corporations will pay nearly $296 billion more in U.S. federal taxes over the next decade, and middle-income households will see some tax cuts, under the tax-and-climate bill that is likely to become law in the coming days.

Tribune News Service

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Democrats race to prep sweeping budget bill for weekend votes

WASHINGTON — The Senate is expected to begin consideration of Democrats’ climate, tax and health care package on Saturday, leaving about two days for the party to shore up support for the bill.

Tribune News Service

Democrats prepare for showdown over key spending and climate bill – as it happened

Senate Democrats move forward with $740bn legislative package after Manchin agrees deal with Schumer

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