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Senate Finance Committee release draft of tax provisions, IRS manages to foul up addressing a notice of deficiency and more.
https://vimeo.com/1095435474?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/6/22/2025-06-23-senate-finance-committee-tax-provision-draft-issued This week we look at: Schwartz v. Commissioner: The Critical Role of Estimated Tax Compliance in Collection Due Process Determinations Cano v. Commissioner: Validity of Notice of Deficiency and Address Errors Key Differences Between House and Senate Tax Provisions in Reconciliation Process to Date
Both House and Senate lawmakers are looking to eliminate the IRS' free online tax filing platform. The Senate Finance Committee is proposing to axe Direct File as part of its contribution to the budget reconciliation bill. The House passed its version of the so-called Big Beautiful Bill last month which would also eliminate the Direct File program. Direct File had nearly 300,000 users during this year's tax filing season and saw higher favorability scores compared to last year's pilot. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week we look at: Schwartz v. Commissioner: The Critical Role of Estimated Tax Compliance in Collection Due Process Determinations Cano v. Commissioner: Validity of Notice of Deficiency and Address Errors Key Differences Between House and Senate Tax Provisions in Reconciliation Process to Date
Punchbowl News Reporter Max Cohen is back to talk all things reconciliation as the Senate Finance Committee begins its “Byrd Bath” process. Plus, the Georgia GOP is on edge as they wait for a signal from President Donald Trump on endorsements in the state's Senate race. Want more in-depth daily coverage from Congress? Subscribe to our free Punchbowl News AM newsletter at punchbowl.news. Learn more about your ad choices. Visit megaphone.fm/adchoices
On Monday, the Senate Finance Committee released their revisions to the "Big Beautiful Bill," pushing for deeper tax cuts and lowering the State and Local Tax (SALT) cap back to $10,000. These changes have sparked some friction between Senate and House Republicans, as President Trump warned that failure to pass his bill could lead to "the highest tax increase in history instead of the greatest tax cut in history." Congressman Mike Lawler (R-NY) joins the Rundown to defend raising the SALT cap to $40,000, and he explains the stakes for the U.S. in the Israel-Iran conflict. Special Weapons and Tactics (SWAT) team members come from diverse backgrounds. Some start their careers in the military, while others are civilians who often find themselves in high-stakes situations. Tommy Wehrle, a SWAT officer, sniper, and former Baltimore County police officer, joins the Rundown to discuss his career and how he joined the SWAT ranks as an elite sniper. Plus, commentary by neurosurgeon and former Secretary of Housing and Urban Development, Dr. Ben Carson. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
On this episode of TFB's Behind the Gun Podcast, we're joined once again by Bryce from the Carry Handle Podcast as we go through some of the industry's latest news and trends. Up first we talk a bit about a recent post from Calvin of FirepowerUnited asking some important questions about the intersection of competition and military firearms. However, our biggest topic of the day is of course in refrence to the "Big Beautiful Bill" and some recent changes made to it by the Senate Finance Committee. Today Bryce and I will share our own interpreation of the changes made to the bill, and what we think it might mean for the the country in terms of opening up a lot of new doors for people when it comes to firearms ownership. The Carry Handle Podcast on YouTube The Carry Handle Podcast on Spotify The Carry Handle Podcast RSS The Carry Handle Podcast on Instagram
In Citizens Climate Radio's newest installment of our policy series, hosts Elissa Tennant and Dana Nuccitelli dive deep into the latest updates from Capitol Hill. With the Senate Finance Committee's budget proposal now public, they unpack what it means for the clean energy tax credits created by the Inflation Reduction Act. How do the House and Senate versions compare? What would repealing these tax credits cost American households and jobs? What role does energy security—and even AI—play in the clean energy conversation? Elissa and Dana bring clarity to a complex policy moment and offer listeners tangible next steps for action. You'll also hear about upcoming CCL leadership changes, summer conference plans, and two thoughtful listener voicemails—including one from someone who really wants to bring back Energy Star.
In Citizens Climate Radio's latest installment of our policy series, hosts Elissa Tennant and Dana Nuccitelli dive deep into the latest updates from Capitol Hill. With the Senate Finance Committee's budget proposal now public, they unpack what it means for the clean energy tax credits created by the Inflation Reduction Act. How do the House and Senate versions compare? What would repealing these tax credits cost American households and jobs? What role does energy security—and even AI—play in the clean energy conversation? Elissa and Dana bring clarity to a complex policy moment and offer listeners tangible next steps for action. You'll also hear about upcoming CCL leadership changes, summer conference plans, and two thoughtful listener voicemails—including one from someone who really wants to bring back Energy Star.
On Monday, the Senate Finance Committee released their revisions to the "Big Beautiful Bill," pushing for deeper tax cuts and lowering the State and Local Tax (SALT) cap back to $10,000. These changes have sparked some friction between Senate and House Republicans, as President Trump warned that failure to pass his bill could lead to "the highest tax increase in history instead of the greatest tax cut in history." Congressman Mike Lawler (R-NY) joins the Rundown to defend raising the SALT cap to $40,000, and he explains the stakes for the U.S. in the Israel-Iran conflict. Special Weapons and Tactics (SWAT) team members come from diverse backgrounds. Some start their careers in the military, while others are civilians who often find themselves in high-stakes situations. Tommy Wehrle, a SWAT officer, sniper, and former Baltimore County police officer, joins the Rundown to discuss his career and how he joined the SWAT ranks as an elite sniper. Plus, commentary by neurosurgeon and former Secretary of Housing and Urban Development, Dr. Ben Carson. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Senate Finance Committee released its portion of the GOP's megabill this week, softening House lawmakers' cuts to the nation's clean energy tax credits. The proposal likely will spark weeks of debate within the party and could jeopardize the Senate's self-imposed deadline for passing the bill. POLITICO's Josh Siegel and Kelsey Tamborrino break down what the Senate proposed, how it compares to the House's version and what's next in the megabill battle. Plus, President Donald Trump nominated Katherine Scarlett to lead the White House Council on Environmental Quality. Kelsey Tamborrino is a reporter covering clean energy for POLITICO. Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy. Nirmal Mulaikal is the co-host and producer of POLITICO Energy. Kara Tabor is an audio producer for POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices
The Department of Defense's Office of the Chief Information Officer is considering reducing the number of Pentagon employees who have Microsoft 365 E5 licenses, as it works with the Trump administration to rein in federal spending. The DOD currently maintains more than 2 million Microsoft 365 E5 licenses across two separate programs — the Defense Enterprise Office Solution (DEOS) and the Enterprise Software Initiative (DOD ESI). Through the established contracts, Pentagon components can purchase software licenses for commercial Microsoft products, including Office 365 applications and other collaboration tools. But ongoing efforts spearheaded by the Department of Government Efficiency (DOGE) have prompted the Defense Department to review how many of those licenses it actually needs, Katie Arrington, who is performing the duties of Pentagon CIO, told DefenseScoop. Arrington said June 6 in an exclusive interview: “Our Microsoft 365 contract [is a] very big contract here in the Department of Defense. Does every individual in the Department of Defense need an [E5] license? Absolutely not.” With the department's Deputy CIO for the Information Enterprise Bill Dunlap, Arrington has been working alongside her DOGE representative to review individual position descriptions and multi-level securities to determine what level of Microsoft 365 E5 license that person needs, she said. Other criteria being considered include user and mission requirements for office productivity software, as well as collaboration capabilities, a DOD CIO spokesperson told DefenseScoop. Ten congressional Democrats are demanding answers from Palantir about reports that it is aiding the IRS in building a searchable, governmentwide “mega-database” to house Americans' sensitive information. In a letter sent Tuesday to Palantir CEO Alex Karp, the lawmakers argued that the creation of a database of that kind likely violates several federal laws, including the Privacy Act. The Democrats wrote: “The unprecedented possibility of a searchable, ‘mega-database' of tax returns and other data that will potentially be shared with or accessed by other federal agencies is a surveillance nightmare that raises a host of legal concerns, not least that it will make it significantly easier for Donald Trump's Administration to spy on and target his growing list of enemies and other Americans.” The letter, led by Senate Finance Committee ranking member Ron Wyden, D-Ore., and Rep. Alexandria Ocasio-Cortez, D-N.Y., follows New York Times reporting last month that detailed the expansion of Palantir's federal government work under the Trump administration, noting that the data-mining giant has received $113 million since the president's January inauguration plus another $795 million award from the Defense Department. According to the Times, Palantir has spoken to IRS and Social Security Administration representatives about buying its tech. The Democrats' letter said Foundry — a Palantir data analysis and organization product — has been deployed at the departments of Homeland Security and Health and Human Services, as well as the Food and Drug Administration, the Centers for Disease Control and Prevention, and the National Institutes of Health. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.
Debbie Curtis, Rodney Whitlock, and Maddie News join Julia Grabo to discuss how the recently released Senate Finance Committee reconciliation language differs from the House-passed bill and where the Senate moves next in the process.
The Republican-led Senate Finance Committee unveiled its portion of the mammoth tax-and-spending legislation that's quickly moving through Congress, and there's a lot to unpack. The Senate bill has dozens of differences from the House version. It makes several business breaks permanent, softens the excise tax on university endowments, and phases out more slowly cuts to clean energy credits, while smoothing edges on the so-called "revenge tax." But there are many similarities in the approaches the two bills take—both have tax breaks on income such as tips and overtime sought by President Donald Trump, and seek to extend much of the 2017 GOP tax law. Things are moving quickly as the Senate aims to pass its version out of its chamber before the July 4 break. In this week's episode of Talking Tax, Bloomberg Tax reporter Chris Cioffi speaks with host David Schultz on what's in the bill, what's left out, and where Congress goes from here. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
Cam has the details on the Senate Finance Committee's language repealing the NFA requirements for short-barreled rifles, shotguns, and "any other weapons," as well as a conversation with Grassroots NC's Paul Valone on the prospects of turning North Carolina's permitless carry bill into law.
ABC News Correspondent Steven Portnoy joined the show to discuss the Senate Finance Committee unvieling their proposed changes to President Trump's "Big Beautiful Bill". This proposed bill slightly alters the medicaid spending and taxes on tips and overtime, differing from the version that passed through the House.
In this week's Healthcare Preview, Debbie Curtis and Rodney Whitlock join Maddie News to discuss the expected release of Senate Finance Committee reconciliation text and what to look out for in the healthcare space.
The National Federation of Independent Business released their monthly Small Business Optimism Index; Kevin takes a look at the data, offers his insights and puts the information into historical perspective. The U.S. Senate Finance Committee is considering "watering down" Trump's tax promises; Kevin looks at the items and adjustments, offers his opinion, insights and how you can voice your opinion. Kevin offers an update on the tariff talks between China and the U.S. Additionally, Kevin points out how China may be trying to avoid any possible tariffs. President Trump has delayed tariffs on the European Union until July 9th. Costco posted their revenue and profit numbers and their plans regarding potential tariffs; Kevin talks about the details and offers his insights. Oil and gas prices react to U.S. and China trade talks, Saudi crude exports to China set to fall slightly, anticipated U.S. crude oil inventory data from API and EIA, new sanctions on Russia and OPEC+ output increases.
The National Federation of Independent Business released their monthly Small Business Optimism Index; Kevin takes a look at the data, offers his insights and puts the information into historical perspective. The U.S. Senate Finance Committee is considering "watering down" Trump's tax promises; Kevin looks at the items and adjustments, offers his opinion, insights and how you can voice your opinion. Kevin offers an update on the tariff talks between China and the U.S. Additionally, Kevin points out how China may be trying to avoid any possible tariffs. President Trump has delayed tariffs on the European Union until July 9th. Costco posted their revenue and profit numbers and their plans regarding potential tariffs; Kevin talks about the details and offers his insights. Oil and gas prices react to U.S. and China trade talks, Saudi crude exports to China set to fall slightly, anticipated U.S. crude oil inventory data from API and EIA, new sanctions on Russia and OPEC+ output increases.
A review of the week's major US international tax-related news. In this edition: US Senate moving forward on budget reconciliation legislation – Senate Finance Committee reports out nomination of new IRS Commissioner – President Trump increases tariffs on aluminum and steel imports – Treasury official warns US will act if OECD fails to accept US law as compliant with global minimum tax initiative – OECD releases CRS consolidated text for automatic exchange of financial account information in tax matters.
The Big Beautiful Bill looked like it was gliding along. Sure, there were hiccups — Rand Paul grumbled about the debt ceiling, some MAGA accounts didn't fully endorse it — but even then, it felt like controlled turbulence. Paul was performing his role as the token dissenter, the libertarian who always squawks about spending but eventually votes yes with a few tweaks. And he was already telegraphing his price: drop the debt ceiling hike and he's in. Meanwhile, the House side wasn't exactly throwing punches. Everyone was eyeing the Senate. If anything, it seemed like things were lining up for a classic late-June deal — messy but inevitable.Punchbowl's Jake Sherman, who's as wired in as it gets, detailed the emerging gap between the House and Senate versions of the bill. The Senate Finance Committee wants permanent tax breaks that sunset in the House version. They're also pushing to modify or eliminate key Trump-era items — like the no-tax-on-overtime policy and new savings accounts for kids. There's still no consensus on SALT either. Senate Republicans want to water down the $40,000 deduction cap that Trump himself agreed to. That would make some moderate House Republicans happy, but it could risk blowing up the agreement altogether. This is the stuff that actually matters — the policy guts that will be run past the parliamentarian and hashed out in closed-door meetings. But then, out of nowhere… Elon.Politics Politics Politics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.MAGA Has a Specific TypeTwo days ago, Elon Musk posted that the big beautiful bill was a “disgusting abomination.” Then he followed it up by retweeting Rand Paul with the words “KILL the BILLL.” That's not a passing criticism. That's scorched-earth stuff. And when it comes from a guy like Elon — who has positioned himself as a billionaire warrior for the MAGA cause — it's a challenge. So I did what I always do. I doomscrolled. Not for fun, but for you. To see who flinches. And here's what I found: almost nobody followed his lead.Charlie Kirk, who had been fairly quiet on the bill, suddenly dropped a thread outlining “50 wins” from it — MAGA-branded talking points that sounded like they came from Speaker Johnson's office. He didn't mention Elon. He didn't need to. The timing was the tell. He was staking a claim: this bill is ours. It's Trump's. And we're backing it. Then came Catturd. If you don't know about @Catturd2, well, that's why you listen to this show. The dude's a Twitter account run by a Florida musician, but in the MAGA ecosystem, his voice carries weight. When he turns, people follow. And he wasn't with Elon either.Mike Cernovich — someone who's ridden hard for Elon, slammed his enemies, carried water for his beefs — also pivoted. He made it clear that Trump's agenda is what gets MAGA fired up, not fiscal purity. His message was simple: you might like Elon, but Trump's the main character here. And look, none of these guys are policy wonks. But they are barometers. They're not jumping to Elon's defense. They're lining up behind the machine.Last One In, First One OutElon is learning in real time what it means to be new money in a political world that runs on tenure and loyalty. MAGA isn't a traditional political coalition. It's more like a federation of tribes — influencers, donors, operators — loosely tied together by a shared orbit around Trump. And in that world, being flashy doesn't count for much if you weren't in the trenches in 2016 or 2020. Elon came on board when it was already a moving train. Buying Twitter, firing woke staff, bringing Trump back to the platform — all of that scored him points. But that's not the same as being family.That's why I keep coming back to the same thought: last one in, first one out. Musk might be the richest guy in the world. He might own the place where MAGA influencers gather. But the moment he stepped out of line, they let him drift. Not a coordinated takedown. Just silence. And silence is brutal. He's not getting clowned like Bannon did when he got iced out. He's just floating — a slow, silent uncoupling from the people who used to cheer his every post.Now, Mike Johnson is supposed to speak to Elon about the bill today. Maybe that call smooths things over. Maybe Russ Vought or Stephen Miller reels him back in. Maybe he gets a seat at the table, tweaks the AI language, and declares victory. But right now, he's yelling about the CBO's deficit projections and getting politely ignored. And the MAGA coalition — the one he thought he'd conquered — is moving on without him.Chapters(Minor mic issues during the first 3 minutes of our interview with Kevin, stick with it.)00:00:00 - Intro00:02:57 - Elon vs. the Big Beautiful Bill00:16:36 - Interview with Kevin Ryan00:41:38 - Update00:41:56 - Trump's Travel Ban00:46:09 - Karine Jean-Pierre's Book00:51:46 - AOC Endorses Zohran Mamdani00:56:36 - Interview with Kevin Ryan, con't01:35:46 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe
President Donald Trump's permanent pick to run the IRS is one step closer to taking office. The Senate Finance Committee advanced the nomination of former Missouri Congressman Billy Long. Democrats on the committee raised concerns that Long promoted tribal tax credits that don't exist, according to the Treasury Department and IRS. Long told lawmakers that if confirmed he'd help the IRS modernize its legacy IT systems. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hurricane season is upon us, and the National Hurricane Center is predicting an above-average season. Preparations are starting, but cuts to both the National Oceanic and Atmospheric Administration and the Federal Emergency Management Agency might impact hurricane forecasting and response. The Coastal Desk's Eva Tesfaye tells us what these changes will mean for hurricane response. The new novel “Blood Moon Over Bohemia,” offers a fictionalized account of a true story about the forced removal of a diverse community living in Plaquemines Parish in the 1920s. Written by New York Times bestselling author and investigative journalist Susan D. Mustafa and District Attorney Charles J. Ballay, the novel follows the lives of two families—one Black and one white—as they struggle to fight the corrupt New Orleans politicians who steal their land.The authors join us for more on their collaborative process and how their story relates to issues of forced migration today. The nonpartisan advocacy group Leaders for a Better Louisiana is calling on state lawmakers to restore funding that was cut from a tutoring program that is believed to have played a major role in recent historic improvements in education. Last week, the Senate Finance Committee added back funding for the tutoring, but the funding reallocation still needs to pass the House and Senate.Better Louisiana Chief Policy Officer Barry Erwin joins us with more on the high-dosage tutoring program and its impact. now.—Today's episode of Louisiana Considered was hosted by Karen Henderson. Our managing producer is Alana Schreiber. We receive production and technical support from Garrett Pittman, Adam Vos and our assistant producer, Aubry Procell. You can listen to Louisiana Considered Monday through Friday at noon and 7 p.m. It's available on Spotify, the NPR App and wherever you get your podcasts. Louisiana Considered wants to hear from you! Please fill out our pitch line to let us know what kinds of story ideas you have for our show. And while you're at it, fill out our listener survey! We want to keep bringing you the kinds of conversations you'd like to listen to.Louisiana Considered is made possible with support from our listeners. Thank you!
President Donald Trump meets with House Republicans on the Budget Reconciliation bill, urging those opposed to accept what is being offered and not to push for additional spending cuts or more state & local tax deduction, but it is uncertain whether he convinced enough for the bill to pass this week; Rep. LaMonica McIver (D-NJ) says felony charges she is facing for allegedly assaulting a federal law enforcement officer outside an immigration detention facility are "purely political"; Secretary of State Marco Rubio defends the President's foreign policy before the Senate Foreign Relations Committee, as Sen Chris Van Hollen (D-MD) says he regrets voting to confirm him; President Trump and Defense Secretary Pete Hegseth announce plans for a U.S. missile defense shield the president calls the Golden Dome; IRS Commissioner nominee Billy Long is asked at Senate Finance Committee confirmation hearing about allegations he was paid to refer friends to a company that sold tax credits that the IRS says do not exist; White House press secretary Karoline Leavitt, in celebration for "Take Our Sons & Daughters to Work Day", fields questions from the children of reporters and White House staff. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this edition of Hoosier Ag This Week: President Trump has hit the pause button for 90 days on the trade war with China that brings tariffs down significantly for both countries. However, American Soybean Association President Caleb Ragland told lawmakers before the Senate Finance Committee this week how trade wars with China under Trump have ended up having a negative impact on America's soybean farmers. You'll hear how a corn-based sugar substitute called Allulose is creating more value for corn producers. It's also creating more health benefits for consumers. Plus, the 109th Running of the Indianapolis 500 is next weekend. You'll hear from this year's Indy 500 Veteran Milk Person Abbie Herr, who is an Indiana Dairy producer from Noble County. She'll be the one who hands the traditional ice-cold glass bottle of milk to this year's winning driver in Victory Circle! All that--plus, Chief Meteorologist Ryan Martin has your Indiana Planting Weather Forecast and Brian Basting with Advance Trading reviews Friday's grain markets!
Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureLayoffs are left over from the Biden administration, Trump is now countering the layoffs with incoming jobs. Trump just used information to see what China's next move is. Trump is now preparing for the next phase, he needs to see who will fight against removing taxes. The [DS] is being weakened, they are doing everything they can to fight back but it is making it worse. Trump and the patriots know they need a clean house and Gabbard confirms they are doing exactly that. Operation Hunt and Terminate is now happening in the agencies. Trump has now exposed the RINOs and the [DS] players, they are now boxed in and he is now setting up the team to expose the crimes they have committed. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1920539645273575910 Job cuts have been particularly high in the government sector, followed by retail and technology. DOGE actions, market/economic conditions, and restructuring have been major drivers of layoffs. US layoffs are at recession levels. Since Donald Trump became president on January 20, 2025, approximately 345,000 jobs have been created, based on available data up to April 2025. This figure comes from a White House memo citing job creation through March 2025, with 228,000 jobs added in March alone. Additionally, February 2025 saw 151,000 jobs added, according to a jobs report. These numbers align with claims from the Trump administration, though they emphasize private-sector growth (54% in non-government sectors) and manufacturing gains (9,000 jobs in February). https://twitter.com/KobeissiLetter/status/1920847873270264005 https://twitter.com/EricLDaugh/status/1920838414590488902 Trump Says GOP Should ‘Probably Not' Raise Taxes After Reportedly Backing Millionaire Tax “The problem with even a “TINY” tax increase for the RICH, which I and all others would graciously accept in order to “[Raising taxes on the top level] would be a tax on every small business, every job creator,” Republican Texas Sen. Ted Cruz said Thursday on CNBC. “That's what Kamala Harris campaigned on. That's what she promised.” “Right now, I'm not excited about the proposal,” Senate Finance Committee chairman Mike Crapo told conservative commentator Hugh Hewitt on Thursday. “But I have to say, there are a number of people in both the House and the Senate who are, and if the president weighs in in favor of it, then that's going to be a big factor that we have to take into consideration as well.” Republican Missouri Sen. Josh Hawley, who frequently breaks with his party on economic issues, told the Daily Caller News Foundation on Thursday afternoon that he would be “fine” with the president's millionaire tax proposal. He cautioned that at most two of his Senate GOP colleagues would join him in signing off on the tax hike. Source: dailycaller.com Trump signed the Tax Cuts and Jobs Act in 2017, which reduced taxes for many, including the wealthy. The law lowered the top individual income tax rate from 39.6% to 37%, doubled the estate tax exemption, and cut the corporate tax rate from 35% to 21%, disproportionately benefiting high earners and corporations. Data from the Tax Policy Center shows the top 1% of households received an average tax cut of about $50,000 in 2018, while middle-income households got around $900. supporters claim it spurred economic growth. https://twitter.com/EricLDaugh/status/1920553634775118283 https://twitter.com/BitcoinMagazine/status/1920841070281175489
Commerce Depart says the United States economy as measured by the Gross Domestic Product (GDP) shrank in the first quarter of the year by 0.3%, first time in three years. There was a surge in imports as companies tried to stock up before the President Donald Trump's high tariffs take effect. We get reaction from President Trump at a Cabinet meeting at the White House and from Senate Minority Leader Chuck Schumer (D-NY); Senate is expected to pass a resolution to disapprove of the national emergency declaration the president is using as the legal basis for the global tariffs; U.S. Customs & Border Protection Commissioner nominee Rodney Scott testifies before the Senate Finance Committee, asked about allegations he helped cover-up the death of an immigrant in Border Patrol Custody in 2010; Supreme Court hears oral argument in a case from Oklahoma about the constitutionality of states supporting religious charter schools. We talk with Washington Post Education Reporter Laura Meckler. (40) Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of the South Carolina Lede for April 12, 2025: the Senate Finance Committee approves its version of the $14.5 billion state budget and eliminates earmarks; what's in the hands-free device driving bill that moved out of the House for the first time ever; Scott Morgan has a feature on electric busses; and more!
Episode 4398: Making Coal Workers Great Again; Senate Finance Committee Hammers Greer
S&P Futures are extending their losses this morning as the tariff induced sell-off continues. Markets are reflecting anxiety over the escalating U.S.-China trade tensions as China tariffs are now at 104% on imports. U.S. Trade Representative Jamieson Greer spoke to the Senate Finance Committee yesterday and said that President Trump won't provide exemptions to his new global tariffs for individual products or companies. Greer is scheduled to appear before the House today. Trump spoke at an event last night an indicated that he is planning tariffs on pharmaceuticals in the near futures. Key economic event for the day will be the release of the Fed meeting minutes. This morning DAL released better than expected earnings. the bar was low as the company slashed its guidance in March.
As a member of the powerful Senate Finance Committee, Republican Sen. James Lankford of Oklahoma questioned President Trump’s trade representative Jamieson Greer about the president's tariffs. Sen. Lankford joined Amna Nawaz to discuss that issue and his new book, “Turnaround: America's Revival.” PBS News is supported by - https://www.pbs.org/newshour/about/funders
United States Trade Representative Jamieson Greer will be in the hot seat today as he testifies in front of the Senate Finance Committee, where he's expected to defend President Donald Trump's global tariff hike. Trump has sent mixed messages about whether his new tariffs are permanent or up for negotiation, although there are some signs that Trump is entertaining offers. Meanwhile, tensions with China are flaring. Trump told Beijing to withdraw its reciprocal tariffs by today, or else he'll hike tariffs on China by another 50 percent. POLITICO trade reporter Daniel Desrochers breaks it all down with host Steven Overly. Plus, the House is slow-marching toward its vote on a budget blueprint, which could happen as soon as tomorrow.
United State Trade Representatives Jamieson Greer defends President Donald Trump's tariffs before the Senate Finance Committee; President Trump joins coal miners at the White House to sign an Executive Order to increase mining, use and export of what he calls 'clean coal'; Speaker Mike Johnson says the House will go ahead this week with a vote on the Senate version of the Budget Resolution, even though some House Republicans do not support the relatively small spending cuts versus the a House-passed version; House implements a way for Members who are new parents to register how they would have voted when they miss votes (pairing), which Democrats say is a far cry from the original bipartisan proposal for true proxy voting; Attorney General Pam Bondi talks about the Supreme Court allowing the administration to use the 18th century Alien Enemies Act for deportations; Defense Secretary Pete Hegseth visits the Panama Canal. Learn more about your ad choices. Visit megaphone.fm/adchoices
Wall Street's main indexes on Tuesday recouped some of the heavy losses clocked since last week as technology and financials led the gains on expectations that the U.S. would open up for negotiations on tariffs. Meanwhile, U.S. Trade Representative Jamieson Greer testifies before the Senate Finance Committee regarding President Trump's 2025 trade policy.Ukrainian President Volodymyr Zelenskyy said Ukrainian forces had captured two Chinese men fighting for Russia in eastern Ukraine, potentially threatening a fragile peace effort in the three-year-old war.
S&P Futures are displaying gains this morning as multiple days of declines is not sustainable. There is a slight change in the tariff narrative back to negotiations which may not hold. President Trumps has shown a willingness to continue to move forward with his tariffs and yesterday he threatened China with an additional 50% tariffs if they move forward with retaliation. The markets remain highly sensitive to trade issues and commentary from the Trump Admin tariff policy. U.S. Trade Representative Jamieson Greer is scheduled to testify before the Senate Finance Committee today at 10:00 am to defend the presidents tariff policy. Health insurance stocks are higher as Medicare plans to substantially increase payment rates next year. AVGO announced a big buyback last yesterday and LEI delivered a positive earnings report. DAL is scheduled to release earnings tomorrow morning. Markets will be focused on forward guidance this earning season.
As a member of the powerful Senate Finance Committee, Republican Sen. James Lankford of Oklahoma questioned President Trump’s trade representative Jamieson Greer about the president's tariffs. Sen. Lankford joined Amna Nawaz to discuss that issue and his new book, “Turnaround: America's Revival.” PBS News is supported by - https://www.pbs.org/newshour/about/funders
The White House Office of Management and Budget released a pair of memos to provide agencies with guardrails for how they use and purchase artificial intelligence in the government, replacing Biden administration guidance but maintaining some of the same structures. Both memos, which are dated April 3, represent some of the first major policy actions President Donald Trump has taken on the government's use of AI. Trump began his administration by rolling back former President Joe Biden's AI executive order and later issuing one of his own that called for an AI action plan and a review of the previous administration's work on the technology. Specifically, the order included directions to revise the Biden OMB's AI governance and acquisition guidance. The first new memo (M-25-21) provides guardrails for use and replaces Biden's directive on the same topic (M-24-10). That document states agencies are to focus on three priorities when accelerating the federal use of AI — innovation, governance and public trust — which align with an executive order on the technology from the first Trump administration. But that directive also maintains things that were established under the Biden administration, like chief AI officers and their council and a special management process for potentially risky AI uses it now calls “high-impact.” Similarly, the second memo on AI acquisition (M-25-22) replaces the Biden OMB's guidance on government purchasing of the tech (M-24-18). A bipartisan pair of senators is taking another shot at their bill to expand the U.S. Secret Service's investigative powers for financial cybercrime probes. The Combatting Money Laundering in Cyber Crime Act from Sens. Catherine Cortez Masto, D-Nev., and Chuck Grassley, R-Iowa, would update federal law to strengthen the Secret Service's authority, enabling the agency to look into criminal activity tied to digital assets. Cortez Masto said in a statement: “Dangerous criminals are constantly changing their tactics and using new technology to avoid detection. Our law enforcement agencies need to adapt to keep communities safe. I will continue to fight to pass this bipartisan legislation that would help the Secret Service more effectively combat cybercrime.” Under current law, the Secret Service is empowered to investigate cybercrimes that threaten national security, but those that are conducted via unlicensed money transmitting businesses fall outside the agency's purview. The legislation from Cortez Masto and Grassley, both members of the Senate Finance Committee, addresses that gap by allowing Secret Service members to probe digital asset transactions tied to transnational cyber criminal activity. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.
City Quick Connect Podcast from the Municipal Association of South Carolina
Municipal Association Legislative and Public Policy Advocate Daina Riley Phillips explains the state budget debate to take place next week in the Senate Finance Committee. Legislative and Public Policy Advocate Erica Wright describes the movement happening for both the House and the Senate versions of the military tax increment financing bills.
In this episode of the Whistleblower of the Week podcast, host Jane Turner speaks with leading tax whistleblower expert and advocate Dean Zerbe, partner at Zerbe, Miller, Fingeret, Frank and Jadav, LLP and Senior Policy Analyst at the National Whistleblower Center.Prior to entering private practice, Zerbe was active in Congressional investigations of government waste, fraud, and abuse for over 25 years. As Senior Counsel and Tax Counsel on the Senate Finance Committee for Senator Charles E. Grassley, Zerbe was the driving force behind the drafting and passage of legislation that created the Whistleblower Office at the IRS as well as changes in the tax code that greatly expanded the rewards for tax whistleblowers.In this episode, Turner and Zerbe dive into the current state of tax whistleblowing under the IRS Whistleblower Program, discussing its successes as well as its flaws. Zerbe explains how recent efforts have made the program more efficient but outlines the urgent need for specific reforms.Turner and Zerbe also discuss Zerbe's own unique career path as a tax whistleblower advocate and the inspiration behind the 2006 IRS whistleblower law he helped write.Zerbe and the National Whistleblower Center (NWC) are calling for the passage of reforms found in the IRS Whistleblower Improvement Act of 2023. NWC has set up an Action Alert allowing individuals to write to their members of Congress urging them to pass the reforms to strengthen the IRS Whistleblower Program. Listen to the podcast on WNN or on Spotify, Apple Podcasts, or Amazon. Subscribe on your favorite platform!
As we countdown to the President's tariff announcement, we'll look at what the market is hoping for and what could lead to sell off. Plus, Senate Finance Committee ranking member, Ron Wyden, weighs in on the tariffs and taxes. And, we look ahead to what these tariff announcements could mean for the path of the Fed's rate moves.
The Friday Five for March 28, 2025: CMS Medicare $2 Drug List Model Cancelled Oz Confirmed by Senate Finance Committee CMS Withdraws Changes to MA and Part D FEMA SEP Sarah Appears on The Seven Figures or Bust Podcast Content Library for Insurance Agents Launches CMS Medicare $2 Drug List Model Cancelled: “CMS Innovation Center Announces Model Portfolio Changes to Better Protect Taxpayers and Help Americans Live Healthier Lives.” CMS.Gov, Centers for Medicare & Medicaid Services, 12 Mar. 2025, www.cms.gov/newsroom/fact-sheets/cms-innovation-center-announces-model-portfolio-changes-better-protect-taxpayers-and-help-americans. Bell, Allison. “Trump Administration Ends Medicare's $2 Drug Project.” Thinkadvisor.Com, ThinkAdvisor, 14 Mar. 2025, www.thinkadvisor.com/2025/03/14/trump-administration-ends-medicares-2-drug-project/. Dr. Oz Confirmed by Senate Finance Committee: Simmons-Duffin, Selena. “5 Things to Know as Dr. Oz Gets One Step Closer to Leading Medicare and Medicaid.” Npr.Org, NPR, 25 Mar. 2025, www.npr.org/sections/shots-health-news/2025/03/25/g-s1-55766/dr-mehmet-oz-medicare-medicaid-cms-trump. Tong, Noah. “Oz Confirmation Vote Advances out of Senate Finance Committee.” Fiercehealthcare.Com, Fierce Healthcare, 25 Mar. 2025, www.fiercehealthcare.com/payers/oz-confirmation-vote-advances-out-senate-finance-committee. Hubbard, Kaia. “Senate Committee Advances Dr. Mehmet Oz's Nomination to Head the Centers for Medicare and Medicaid Services.” Cbsnews.Com, CBS News, 25 Mar. 2025, www.cbsnews.com/news/dr-oz-centers-for-medicare-and-medicaid-senate-finance-committee-vote/. Olsen, Emily. “Senate Committee Advances Dr. Oz to Lead CMS.” Healthcaredive.Com, Healthcare Dive, 26 Mar. 2025, www.healthcaredive.com/news/dr-oz-nomination-cms-clears-senate-finance-committee/743570/. CMS Withdraws Changes to MA and Part D FEMA SEP: CMS Withdraws Changes to Disaster SEP Availability for Medicare Beneficiaries: https://ritterim.com/blog/cms-withdraws-changes-to-disaster-sep-availability-for-medicare-beneficiaries/ Medicare Advantage Emergency-Related SEPs: https://ritterim.com/blog/medicare-advantage-emergency-related-seps/ Sarah Appears on The Seven Figures or Bust Podcast: Episode 79 – What Is CMS Doing? w/ Special Guest Sarah Rueppel! https://lnk.to/qzTwIw The Seven Figures or Bust Podcast: https://sevenfigure.com/seven-figures-podcast/ The Seven Figure Medicare Agent Summit: https://sevenfiguremedicareagentsummit.com/ Content Library for Insurance Agents Launches: Check Out the Content Library: https://library.ritterim.com/ Introducing a Content Marketing Solution for Insurance Agents: https://lnk.to/contentlibrary Register with Ritter Insurance Marketing: https://app.ritterim.com/public/registration/ Resources: 5 Insurance Marketing Tips to Help Agents Stand Out in a Crowd: https://lnk.to/asgf20250321 Apps for Content Creation: https://lnk.to/ASGA81 CMS 2025 Marketplace Integrity & Affordability Proposed Rule: https://lnk.to/asgf20250314 Get Access to Exclusive Leads When You Become a PlanEnroll Network Agent: https://lnk.to/3pKJsF Follow Us on Social! Ritter on Facebook, https://www.facebook.com/RitterIM Instagram, https://www.instagram.com/ritter.insurance.marketing/ LinkedIn, https://www.linkedin.com/company/ritter-insurance-marketing TikTok, https://www.tiktok.com/@ritterim X, https://x.com/RitterIM and Youtube, https://www.youtube.com/user/RitterInsurance Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/ Not affiliated with or endorsed by Medicare or any government agency. Contact the Agent Survival Guide Podcast! Email us ASGPodcast@Ritterim.com or call 1-717-562-7211 and leave a voicemail.
The Senate Finance Committee just advanced the nomination of Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services (CMS), bringing his confirmation one step closer to reality. In this bonus episode, Jen Taylor-Skinner is joined by Nourbese Flint, president of All* Above All, for a critical conversation about what's at stake. CMS oversees vital programs like Medicare, Medicaid, and the Affordable Care Act—making its leadership role one of the most powerful in shaping national healthcare policy. Dr. Oz, widely known for promoting unscientific treatments and holding controversial views, raises serious concerns—particularly for reproductive justice and the health of marginalized communities. Nourbese shares her perspective on the qualifications this role demands and reflects on the legacy of past CMS leaders, such as Chiquita Brooks-LaSure. We discuss the broader implications of Dr. Oz's potential confirmation, including its impact on maternal health and the risks posed to vulnerable populations. Our conversation also explores the importance of grassroots resistance and political engagement in holding policymakers accountable. Nourbese offers strategies for community action and underscores why staying informed and involved is more important than ever. Learn more about your ad choices. Visit megaphone.fm/adchoices
President Trump stands by National Security Adviser Waltz in fallout over journalist added to group chat on military plans against Houthis, while DNI Gabbard & CIA Dir Ratcliffe tell Senate Intelligence Committee no classified material was revealed; White House announces Russia & Ukraine have agreed to a ceasefire in the Black Sea; Mike Huckabee, nominee for U.S. Ambassador to Israel, testifies before Senate Foreign Relations on his past statements supporting Israeli settlements in the West Bank; Speaker Johnson & Senate Majority Leader Thune on Budget Reconciliation negotiations; Social Security Commissioner nominee Frank Bisignano goes before the Senate Finance Committee. Learn more about your ad choices. Visit megaphone.fm/adchoices
Between tariff battles, government layoffs, the stock market sinking, and Elon Musk waiving around a chainsaw, there's plenty to worry about in the national headlines. One of our highest-ranking Oregonians is in the thick of it all: As a leader of the Senate Finance Committee, U.S. Senator Ron Wyden has a front row seat to many of these complex, crucial issues. Today Senator Wyden joins us to share what he's seeing unfold in Washington, D.C., and how it's affecting all of our lives back home in Oregon. Become a member of City Cast Portland today! Get all the details and sign up here. Who would you like to hear on City Cast Portland? Shoot us an email at portland@citycast.fm, or leave us a voicemail at 503-208-5448. Want more Portland news? Then make sure to sign up for our morning newsletter, Hey Portland, and be sure to follow us on Instagram. Looking to advertise on City Cast Portland? Check out our options for podcast and newsletter ads at citycast.fm/advertise. Learn more about the sponsors of this March 18th episode: Babbel - Get up to 60% off at Babbel.com/CITYCAST Portland State University Learn more about your ad choices. Visit megaphone.fm/adchoices
The Senate Finance Committee got its chance March 14 to question Mehmet Oz, President Donald Trump's nominee to lead the vast Centers for Medicare & Medicaid Services, the largest agency within the Department of Health and Human Services. Oz, with his long history in television, was as polished as one would expect, brushing off even some more controversial parts of his past with apparent ease. In this special bonus episode of “What the Health?,” KFF Health News' Rachana Pradhan and Stephanie Armour join Julie Rovner to recap the Oz hearing. They also provide an update on the progress of nominees to lead the National Institutes of Health, the Food and Drug Administration, and the Centers for Disease Control and Prevention. Hosted on Acast. See acast.com/privacy for more information.
Senate passes a federal government funding extension to prevent a shutdown tonight; President Trump gives a speech at the Justice Department on 'law and order'; Secretary of State Rubio gives updates on negotiations to end the war in Ukraine and Hamas saying it is willing to release an American hostage; Dr. Mehmet Oz, Centers for Medicare & Medicaid Services Administrator nominee, testifies before the Senate Finance Committee; former Sen. Alan Simpson (R-WY) dies at age 93. Learn more about your ad choices. Visit megaphone.fm/adchoices
President Donald Trump will deliver remarks at the Department of Justice Friday afternoon to rally support for his administration's tough-on-crime agenda. “President Trump will visit the Department of Justice to give remarks on restoring law and order, removing violent criminals from our communities, and ending the weaponization of justice against Americans for their political leanings,” White House press secretary Karoline Leavitt said in a statement.Dr. Mehmet Oz, Trump's pick to lead the Centers for Medicare and Medicaid Services, testifies before the Senate Finance Committee.Hamas said on Friday it had agreed to free an American-Israeli dual national if Israel begins the next phase of ceasefire talks towards a permanent end to the war, an offer Israel dismissed as "psychological warfare".
The Rich Zeoli Show- Hour 4: 6:05pm- Dozens of Democrats spoke at a “Nobody Elected Elon” rally in Washington D.C. One notable speaker was Senate Minority Leader Chuck Schumer who unsuccessfully attempted to lead protesters in a “we won't rest” chant. Meanwhile, Congresswoman LaMonica McIver (D-NJ) encouraged protesters to “shut down” Washington D.C. and told Democrats “we are at war.” 6:30pm- Paul Thacker— Investigative Journalist & former Fellow at the Edmond J. Safra Center for Ethics at Harvard University—joins The Rich Zeoli Show to discuss Robert Kennedy Jr. advancing out of the Senate Finance Committee, moving one step closer to being confirmed as the Secretary of the Department of Health and Human Services. You can find Thacker's work here: https://www.pauldthacker.com.
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Kennedy adviser Calley Means explains why so many Americans are suspicious of food and pharma companies, and what the HHS secretary nominee plans to do about it if he's confirmed. This episode was produced by Miles Bryan, edited by Jolie Myers, fact-checked by Laura Bullard and Avishay Artsy, engineered by Andrea Kristinsdottir and Rob Byers, and hosted by Noel King. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members Robert F. Kennedy Jr., President Trump's nominee for Secretary of Health and Human Services, testifies during his Senate Finance Committee confirmation hearing. Photo by Win McNamee/Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices