Brady, first elected in 1996, represents a solidly Republican slice of the suburbs north of Houston.Rep. Kevin Brady speaks during a Senate Finance Committee hearing. | Tasos Katopodis/AP PhotoRep. Kevin Brady, the top Republican on the House Ways and Means Committee and a driving force behind the GOP’s tax cuts, is retiring at the end of his term.He announced Wednesday that he is leaving partly because Republicans’ internal term limit rules will force him to step down as the top Republican on the tax-writing panel, which is considered one of the most powerful in Congress. It also has...…Brady, first elected in 1996, represents a solidly Republican slice of the suburbs north of Houston.Rep. Kevin Brady speaks during a Senate Finance Committee hearing. | Tasos Katopodis/AP PhotoRep. Kevin Brady, the top Republican on the House Ways and Means Committee and a driving force behind the GOP’s tax cuts, is retiring at the end of his term.He announced Wednesday that he is leaving partly because Republicans’ internal term limit rules will force him to step down as the top Republican on the tax-writing panel, which is considered one of the most powerful in Congress. It also has...WW…

Commissioner Chuck Rettig also said he expected that people will not have to file amended returns in order to claim a new tax break on jobless benefits.Federal Internal Revenue Service Commissioner Charles Rettig testifies before the Senate Finance Committee. | Chip Somodevilla/Getty ImagesThe delay in the tax-filing deadline could potentially postpone the launch of a new monthly child tax credit payment program, the head of the IRS warned Thursday.Commissioner Chuck Rettig also said he expected that people will not have to file amended returns in order to claim a new tax break on jobless...…Commissioner Chuck Rettig also said he expected that people will not have to file amended returns in order to claim a new tax break on jobless benefits.Federal Internal Revenue Service Commissioner Charles Rettig testifies before the Senate Finance Committee. | Chip Somodevilla/Getty ImagesThe delay in the tax-filing deadline could potentially postpone the launch of a new monthly child tax credit payment program, the head of the IRS warned Thursday.Commissioner Chuck Rettig also said he expected that people will not have to file amended returns in order to claim a new tax break on jobless...WW…

Democrats tucked in a trio of little-noticed tax hikes on the wealthy and big corporations.President Joe Biden is expected to sign the measure quickly when it reaches his desk. | Patrick Semansky/AP PhotoDemocrats are getting an early start on their tax-increase agenda.They’ve tucked a trio of little-noticed tax hikes on the wealthy and big corporations into their coronavirus relief package that together are worth $60 billion.One takes away deductions for publicly traded companies that pay top employees more than $1 million. Another provision cracks down on how multinational corporations do...…Democrats tucked in a trio of little-noticed tax hikes on the wealthy and big corporations.President Joe Biden is expected to sign the measure quickly when it reaches his desk. | Patrick Semansky/AP PhotoDemocrats are getting an early start on their tax-increase agenda.They’ve tucked a trio of little-noticed tax hikes on the wealthy and big corporations into their coronavirus relief package that together are worth $60 billion.One takes away deductions for publicly traded companies that pay top employees more than $1 million. Another provision cracks down on how multinational corporations do...WW…

The industry says it’s getting ambushed, complaining it didn’t even know lawmakers were planning the tax crackdown.A Doordash delivery person rides their bike on Church Avenue in the Flatbush neighborhood of Brooklyn in New York City. | Michael M. Santiago/Getty ImagesAirbnb, Etsy and other pillars of the gig economy are shaping up to be rare losers in Democrats’ coronavirus relief package.Buried in the legislation are provisions that will require them to provide a lot more information to the IRS about the money millions of people earn through their platforms, which is likely to bring in...…The industry says it’s getting ambushed, complaining it didn’t even know lawmakers were planning the tax crackdown.A Doordash delivery person rides their bike on Church Avenue in the Flatbush neighborhood of Brooklyn in New York City. | Michael M. Santiago/Getty ImagesAirbnb, Etsy and other pillars of the gig economy are shaping up to be rare losers in Democrats’ coronavirus relief package.Buried in the legislation are provisions that will require them to provide a lot more information to the IRS about the money millions of people earn through their platforms, which is likely to bring in...WW…

Trump has raised various ideas in recent months, though his proposals remain much vaguer than during his 2016 presidential campaign.President Donald Trump speaks during his reelection kickoff rally at the Amway Center on June 18, 2019, in Orlando, Fla. | Evan Vucci/AP PhotoUsually, it’s the Republican candidate who’s got grand plans to overhaul the tax code. But in the 2020 presidential race, it’s Democrat Joe Biden who’s been offering scads of proposals — most of them to increase taxes.With less than six weeks before the election, Trump’s tax plans for a second term remain murky. He’s...…Trump has raised various ideas in recent months, though his proposals remain much vaguer than during his 2016 presidential campaign.President Donald Trump speaks during his reelection kickoff rally at the Amway Center on June 18, 2019, in Orlando, Fla. | Evan Vucci/AP PhotoUsually, it’s the Republican candidate who’s got grand plans to overhaul the tax code. But in the 2020 presidential race, it’s Democrat Joe Biden who’s been offering scads of proposals — most of them to increase taxes.With less than six weeks before the election, Trump’s tax plans for a second term remain murky. He’s...WW…