Senate Finance Committee Republicans have six working groups tasked with digging into policies for the expiring Trump tax cuts next year. But what areas are they focused on?

Laura Weiss with details:
punchbowl.news/article/financ…

NEWS in Punchbowl News PM - the focus areas for Senate Finance Committee Republicans' 6 tax working groups on the expiring Trump tax cuts in 2025:

-individual taxes
-business taxes
-international tax
-retirement
-community development
-energy

More: punchbowl.news/article/financ…

More FDIC news from Brendan Pedersen ⬇️

Tax scoop from Jake Sherman in Midday - Speaker Johnson hired W&M Chief Tax Counsel Derek Theurer to be his senior policy adviser

Big tax hire with the 2025 sunset of much of the Trump tax cuts coming up

Former Kevin Brady, a chief architect of the 2017 tax law, said at a Tax Foundation talk Thursday whatever replaces the expiring cuts next year will need to be 'revenue neutral or as close to it as it can get,' in light of the growing debt and deficit.

Finance Republicans discussed working groups they’re setting up to extend and improve pieces of the 2017 Trump tax law.

Vault co-author Laura Weiss has the details from today's meeting:
punchbowl.news/article/financ…

Lots of 2025 tax news in today’s PM edition -

NEWS: House Agriculture Committee Chair G.T. Thompson met with frontline Democrats about the farm bill this afternoon.

Rep. Angie Craig called for the meeting to talk about Democratic opposition in the bill. Details in Punchbowl News PM out now.

w/ John Bresnahan

NEWS: Senate Finance Republicans huddled this afternoon for an initial meeting on the expiring Trump tax cuts

GOP senators discussed working groups they’re creating to work on extending & improving 2017 GOP tax law in 2025, per 2 sources

More in PM: punchbowl.news/archive/52224-…

THE VAULT: House members who led the disaster bill are vowing to lobby Wyden and other senators to pass it as a standalone measure.

More from Laura Weiss:
punchbowl.news/article/financ…

House backers of the disaster tax relief bill say they'll lobby senators to pass it. Senator Wyden is blocking the bill to push his broader tax package, which also has the relief

“I just hope it doesn’t become a political football,” Congressman Greg Steube said punchbowl.news/article/financ…

NEWS 🚨 The White House will not issue a veto threat against FIT for the 21st Century Act, the crypto market structure overhaul bill being voted on today. Flags 'concerns' but no veto threat. This is a huge win for crypto backers on the Hill

punchbowl.news/file_5400-2/

A transatlantic byline from Andrew Desiderio and I in Punchbowl News AM: We talked to top foreign policy senators about Yellen's REPO Act strategy at the G7. For now, they're supportive.

link.punchbowl.news/click/35458741…

In the latest move as part of GOP investigation, W&M executive session tomorrow morning will focus on the deposition Hunter Biden gave to Congress in February, per a source close to the committee

W&M expected to vote on releasing material related to that congressional deposition

W&M GOP says they’re seeking public comments for the 10 groups they formed to work on the 2025 cliff from the Trump tax cuts

The Republican “tax teams” have started meeting. More on that here: punchbowl.news/article/financ…

Here’s what W&M GOP announced -

Newsy look at how the Biden admin is approaching REPO — the Russian asset seizure law that Congress passed w/ Ukraine aid — & a new pressure campaign from the Hill re swift implementation

Story w/ Brendan Pedersen, who interviewed Yellen about it as well—
punchbowl.news/article/vault/…

NEW — Three of ⁦Speaker Mike Johnson⁩’s top policy aides are leaving at the end of the month. More in ⁦Punchbowl News⁩ AM punchbowl.news/article/house/…

Read all about Gruenberg saying he’ll resign when a successor is in place via Brendan Pedersen, who’s been all over this story: punchbowl.news/archive/52024-…

Plus more in AM from me & Andrew Desiderio on Dems seeking quick action for new FDIC chair. It’ll be difficult to pull off ⬇️

Punchbowl News AM features a Vault double feature via Laura Weiss, Andrew Desiderio and I:

- How G7 could reshape the REPO Act
- Dems push for quick Gruenberg replacement at FDIC

punchbowl.news/archive/52124-…

MORE NEWS: White House spokesperson says President Joe Biden 'will soon put forward a new nominee for FDIC chair'