NEW: Schumer just hosted a group of reporters here in Chicago and made some news on a few different fronts. —He wants to revisit a filibuster carve-out, this time for abortion. Schumer said they could get it done this time bc Sinema/Manchin will be gone & they could have Gallego

Senate Majority Leader Chuck Schumer tells reporters at DNC in Chicago that he will not allow the cap on SALT deductions to extend past its expiration at end of next year as long as he is Democratic leader. It’s a big issue in expensive New York.

It’s not just you. The crypto industry’s campaign spending in 2024 really is unlike anything we’ve seen in modern politics. But how unprecedented is it? Brendan Pedersen breaks it down: punchbowl.news/article/financ…

It is with deep sadness that we announce that Bill Pascrell Jr., our beloved husband, father, and grandfather, passed away this morning. As our United States Representative, Bill fought to his last breath to return to the job he cherished and to the people he loved. Bill lived

Ways & Means Committee Chair Smith on NJ Rep. Bill Pascrell, a senior member of the committee who passed away today

There will never be another like Bill Pascrell, Jr. 🇺🇸🇺🇦. Heartbroken doesn't begin to cover it, but his fire and ferocious advocacy lives on in the work that's still to come. Ranking Member Rep. Richard Neal's full statement: democrats-waysandmeans.house.gov/media-center/p…

NEW — George Helmy, the incoming senator to replace Sen. Bob Menendez, is expected to assume *all* of Menendez’s committee assignments: Foreign Relations, Finance & Banking. Very rare for a freshman to get these committees, but Helmy will only be in office for a few months.

Committee news: George Hemly is expected to fill all committee seats left open by the now-retired Sen. Bob Menendez (D-N.J.), who resigned yesterday. That would temporarily put Hemly on three powerful committees -- Foreign Relations, Banking and Finance. w/ Andrew Desiderio

NEW: Harris and Trump are trying to win over Las Vegas voters w/ their tax-free tip pitches, but some think it's an empty promise. Diego Areas Munhoz and I were in Vegas this week to talk w/ workers about the idea. (and may have lost some of our own $) news.bloombergtax.com/daily-tax-repo…

Rep. David Schweikert tells Laura Weiss what his biggest priority in the upcoming tax battle for his district is in Punchbowl News' THE VAULT. punchbowl.news/article/financ…

From THE VAULT: Sen. Elizabeth Warren on the Fed and 2025 tax fight, workloads in a post-Chevron world, GOP lawmakers want more banks, prepping for a fraught fall with the Fed and more. Laura Weiss and Brendan Pedersen in this week's Lookahead: punchbowl.news/archive/82524-…

In a new interview, Elizabeth Warren talked the 2025 tax fight, how Dems make their case on tax to voters & about drawing a hard line in negotiations Plus, Warren called for the Fed to cut interest rates by at least 75 basis points Out now in the Sunday Vault: punchbowl.news/archive/82524-…

Boyle says he's looking to end the cycle of debt-limit standoffs, tax the richest Americans, push for tax deductions for labor union members and more in Punchbowl News' The Vault. More from Laura Weiss: punchbowl.news/article/financ…

New from us: Harris is set to pare back the Biden capital-gains rate increase, which called for a 44.6% top rate for people with income >$1M. wsj.com/politics/polic…

Harris said during a campaign stop in New Hampshire today that she’d increase the tax rate on long-term capital gains to 28% for people who make $1 million or more. More from Vault co-author Laura Weiss: punchbowl.news/article/financ…

The latest from The Vault FOIA initiative. Brendan Pedersen Laura Weiss

From Punchbowl News AM: I talked with Rosa DeLauro about Harris' proposal to expand the family benefit, Vance's CTC pitch & how Dems should run on the program before the election Here's more from DeLauro, a long-time CTC advocate for Dems: punchbowl.news/article/vault/…

What Neil Bradley from the U.S. Chamber of Commerce said about the expiring Trump tax cuts in Punchbowl News' The Vault. More from Laura Weiss: punchbowl.news/article/financ…

The latest on Trump's tax agenda, including a 15% corporate tax rate, new tariffs and getting rid of taxes on tips in Punchbowl News PM. Laura Weiss has more from Trump's speech at Economic Club of New York: punchbowl.news/article/financ…

From THE VAULT: The banking industry and the tax code, a September economic policy roadmap, New Dems prepare to flex their power in the tax fight, consumer credit fears and more. Laura Weiss and Brendan Pedersen in this week's Lookahead: punchbowl.news/archive/9824-t…