Congressman Greg Murphy, M.D. Undergoes Successful Surgery:

The RISE Act (S. 4398), introduced by Senate Finance Committee member Maggie Hassan, would raise the minimum tax credit amount from $250 to $2,500 to help employers that offer retirement savings options cover the costs of creating the plans.taxnotes.com/tax-notes-toda…

Businesses with fewer than 10 employees would have an increased tax incentive to create employee retirement accounts under a bipartisan bill introduced in the Senate.

Caitlin Mullaney explains: taxnotes.co/3R2qTUd

Derek Theurer, the chief tax counsel for the House Ways and Means Committee, is joining the office of House Speaker Mike Johnson (Speaker Mike Johnson) as senior policy adviser.

Read more from Doug Sword & Cady Stanton: taxnotes.co/4dTKT5d

I’m looking for my next step — I’d love to continue covering government and politics, in Washington or elsewhere.

Have a lead? Please reach out! 📧 [email protected]

And you can read more of my work here: kaylaguo.com/home

The #IRS expects to make a decision on the future of its direct-file service soon, according to the head of the program.

From Ben Valdez: taxnotes.co/4dUMGqI

News: Congressman Dwight Evans had a 'minor stroke,' his office says. He said in a statement he got the diagnosis this week, not having realized he had one a few days prior.

'I'm recovering at an inpatient rehabilitation facility and expect to be there about a week longer.'

I generally try to eschew 'discourse,' but I wanted to share a few pieces I've done over the years that provide context to the wide range of viewpoints around the WNBA about superstardom, access, and revenue.🧵

Lawmakers from both parties have teamed up in a bid to address tax controversies regarding former President Trump and President Biden by requiring tax return and other financial disclosures.

From Alexander Rifaat & Cady Stanton. Read for free: taxnotes.co/4dPv0wR

Some news! I’m joining NOTUS to cover Congress. I couldn’t be more excited about this opportunity! Plus, I get to keep working with some of the best in the biz Matt Fuller and Reese Gorman.

Senate taxwriters found a common goal on aiding low- and middle-income families with tax-exempt savings accounts, but the parties diverged on what kinds of accounts would best achieve that outcome.

Read more from Cady Stanton: taxnotes.co/3UJT1g4

And also from this morning: I wrote about the Senate Finance committee's hearing on leveraging tax-advantaged savings accounts for kids in low- to middle-income families. The taxwriters diverged on what kinds of accounts would best achieve that outcome:
taxnotes.com/tax-notes-toda…

ICYMI: The Senate’s top taxwriter said he would hold up a $4.9 billion tax relief bill for disaster victims that overwhelmingly passed in the House, launching a new chapter in this Congress’s drama over tax legislation.
via Doug Sword + me: taxnotes.com/tax-notes-toda…

Of note: Sen. Wyden told reporters this evening he plans to put a hold on this bill in the Senate, hoping instead to pass the larger Tax Relief for American Families and Workers Act.

Just 2 weeks ago, W&M Chair Jason Smith also said he thinks the larger bill has the votes needed

Statement from Ranking Member Neal on the disaster tax relief legislation says the relief could've been done and dusted sooner 'if Senate Republicans weren’t shamefully playing politics' on the larger Wyden-Smith tax bill stuck in the Senate.

House NOW debating Federal Disaster Tax Relief Act by Rep. Greg Steuebe (R-FL),which received more than the 218 signatures needed on his discharge petition to force a floor vote,but was instead scheduled by GOP leaders for today. Bill provides tax relief to victims of disasters.

Update from Congressman Greg Murphy, MD:

The IRS could better understand and ameliorate the #TaxGap if it applied context to its data and expanded transparency and accountability measures, according to a new report from the National Taxpayers Union Foundation (NTU Foundation).

Cady Stanton explains: taxnotes.co/44QMDbj

As one of the nation’s most preeminent historically Black colleges prepares to host President Joe Biden tomorrow, students say controversy surrounding his visit has overshadowed graduation.

“It’s a sloppy mess of political agendas,” one student told me. bbc.com/news/world-us-…