Treasury Department Archive

Manchin Doubles Down On “No”

TweetShareSharePin0 Shares Manchin won’t support the current BBB. In case the delay into 2022 wasn’t enough of a problem for the White House, Sen. Joe Manchin went on Fox News yesterday to say he would not support the Build Back Better (BBB) Act as currently written: “I cannot vote to continue with this piece of

See You Next Year | Tax Policy Center

TweetShareSharePin0 Shares See you next year. President Biden conceded that the Senate won’t approve his social spending, climate, and tax bill this year. In a statement last evening, the president said, “We will advance this work together over the days and weeks ahead; Leader Schumer and I are determined to see the bill successfully on the

Washington State Capital Gains Tax Proposal

TweetShareSharePin0 Shares When is an income tax an excise tax? And for that matter, what exactly is an excise tax? The fate of Washington’s capital gains tax, currently in litigation, rests at least in part on the answer to these questions. By way of background, Washington’s supreme court has repeatedly held that the state’s constitution
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