Balanced Reporting. Trusted Insights. Friday, June 26, 2026

Politics

AP_Jan_24_Mike_Crapo.jpg

Senate GOP tax package extends business income deduction, expands expensing allowance

Clean fuels credit also extended, eligibility eased

The Senate Finance Committee on Monday released its tax and Medicaid provisions for the budget reconciliation bill that Republicans are trying to reach agreement on, and they extend expiring 2017 tax cuts and expand some other provisions of the law. The provisions also extend the 45Z tax credit for clean fuels.


Read More
Capitol Bldg

Washington Week Ahead: Senate GOP looks to finish budget bill; trade talks expected at G7

Senate Republicans will try to put the final touches on their version of the One Big Beautiful Bill during a work week shortened by the Juneteenth holiday, while trade discussions are expected to be on the agenda as President Donald Trump and Treasury Scott Bessent attend the G7 meeting this week in the Canadian Rockies. 


Read More