
Cady Stanton
@cady_stanton
Covering Capitol Hill for @TaxNotes, newsletter editor @gemahoyas, big NCAAW/WNBA fan
ID: 1673367374
15-08-2013 14:55:08
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New: Doug Sword and I asked around about a second reconciliation bill this year. But lawmakers & tax watchers admit they're still catching their breath. “Tax policy is permanent, so we’re done, I think, for maybe a hundred years?” Congressman Blake Moore joked. taxnotes.com/tax-notes-toda…

The massive tax package signed into law by President Trump on July Fourth included several provisions that benefit niche groups of taxpayers. Read the latest news from Katie Lobosco: taxnotes.co/44UlHrL


House Ways and Means Committee members are attempting to parse the complications of taxing digital assets to focus on one of the major bipartisan measures left unaddressed by Republicans’ recent tax bill. Read more from Cady Stanton: taxnotes.co/3GQTmum


A bipartisan tax package, more retirement policy changes, and another reconciliation bill — internally referred to as “2 Big 2 Beautiful” — are all possible next steps for Congress, according to the House speaker’s top tax aide. Doug Sword explains: taxnotes.co/40npwEq


Is the Speaker a Vin Diesel fan? Per Curtis Beaulieu, senior adviser for tax & trade to Mike Johnson, GOP leadership is referring internally to a follow-up reconciliation bill as "2 Big 2 Beautiful," a nod to the 2 Fast 2 Furious sequel to the movie franchise. from Doug Sword:



Andrew De Mello has been removed as acting IRS chief counsel and replaced by Kenneth Kies, Treasury assistant secretary for tax policy, a move that was announced internally last month by IRS Commissioner Billy Long. From Lauren Loricchio & Ben Valdez: taxnotes.co/40Nu1Zl


NEW: This week on the podcast, House Ways and Means Committee member Rep. Steven Horsford, D-Nev., discusses the New Democrat Coalition’s tax priorities and the framework the coalition developed as an alternative to the One Big Beautiful Bill Act. 👇 buzzsprout.com/124942/episode…


Senators appeared to spare the Justice Department Tax Division in an annual appropriations bill despite a plan from the Trump administration to abolish the division as a stand-alone component. Read more from Cady Stanton: taxnotes.co/3GUQgWh


JUST IN: House appropriators released a proposed 23 percent cut in the IRS budget for fiscal 2026, including a 45 percent slashing of the tax collector’s enforcement funding. Read more from Doug Sword: taxnotes.co/4kQzLsa


House appropriators piled on another $300 million, or 12 percent, in cuts on top of the administration’s request that the tax collector’s budget be slashed 20 percent in fiscal 2026. Read the full story from Doug Sword: taxnotes.co/4f2NURY


From Ben Valdez: Elizabeth Askey, head of the IRS Independent Office of Appeals, will resign September 1, according to the agency. taxnotes.co/4fb2bMw



"The question is, how will Republicans pay for it? They just put a $4 trillion hole in the federal deficit, added $4 trillion by giving more tax breaks to billionaires." Rep. Steven Horsford said about the possibility for a bipartisan tax bill later this year. forbes.com/sites/taxnotes…

House Republican appropriators are looking to formalize the Trump administration’s plan to eliminate the Justice Department Tax Division as a stand-alone entity in their fiscal 2026 government funding legislation. Cady Stanton explains: taxnotes.co/3TRCOFE



NEW: House Ways and Means Committee member Rep. Adrian Smith, R-Neb., discusses the One Big Beautiful Bill Act’s accomplishments and what could be next for Congress on tax. Listen to the full conversation with Capitol Hill reporter Cady Stanton 👇 buzzsprout.com/124942/episode…