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Federal Tax Updates Archive

Navigating the Reconciliation Bill | Tax Policy Center

TweetShareSharePin0 Shares A Democratic-only social spending bill gains Manchin’s support. West Virginia Senator Joe Manchin told MSNBC that he’s always assumed Democrats would need to use reconciliation to pass a second, larger bill aimed at supporting families. He says he’d support such a Democratic-only social spending measure, but says it shouldn’t be linked to a

Impact of Biden Tax Plan by State & District

TweetShareSharePin0 Shares The tax proposals contained in the Biden administration’s fiscal year 2022 budget, including the American Families Plan (AFP) and American Jobs Plan (AJP), would levy $2.3 trillion in new taxes on high-income earners and businesses and provide $998 billion in refundable tax credits to low- and middle-income households, for a net tax increase

Wisconsin State Budget Tax Proposals

TweetShareSharePin0 Shares The Wisconsin Assembly and Senate this week are considering several tax reforms as part of the budget for the fiscal year (FY) 2022-23 biennium, which begins Thursday (July 1). Several were precipitated by the Wisconsin Legislative Fiscal Bureau’s (LFB) announcement earlier this month that the state is projected to end the current fiscal

Payroll Alabama, Unique Aspects of Alabama Payroll Law and Practice

TweetShareSharePin0 SharesPayroll Alabama, Unique Aspects of Alabama Payroll Law and Practice The Alabama State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is: Department of Revenue Income Tax Division Withholding Tax Section 50 North Ripley St. P.O. Box 327480 Montgomery, Alabama 36132-7480 334-242-1300 www.ador.state.al.us/withholding/index.html Alabama requires that you

Playing Chicken With the Bipartisan Infrastructure Bill

TweetShareSharePin0 Shares McConnell: De-link bipartisan infrastructure bill from reconciliation bill, or… else? Senate Minority Leader Mitch McConnell warned President Biden not to let House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer “hold a bipartisan bill hostage over a separate and partisan process.” McConnell insists he is undecided on the bipartisan deal. But Democrats
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