New from me: House Republican appropriators kept their word on their intent to roll back funding to the OECD in fiscal 2025 appropriations as part of a larger protest against U.S. participation in the organization’s global tax deal negotiations. taxnotes.com/tax-notes-toda…

Three tax court nominees sailed through Senate Finance Committee votes this afternoon. The votes were 25-2 on Rose Jenkins & Kashi Way, and 26-1 on Adam Landy. Tim Scott voted against all three, Sen. Marsha Blackburn against Jenkins and Way. Tax Notes

“The 2025 tax fight will create a huge opportunity to break with decades of tax-cutting political orthodoxy and reshape the tax code to reflect our nation’s values by raising taxes on the wealthy,” Sen. Elizabeth Warren said at Washington Center for Equitable Growth. Tax Notes

"At the end of the 2025 tax reform process, corporations must pay higher taxes; a typical billionaire must pay a higher tax rate than a typical middle-class family,” Elizabeth Warren said at the Equitable Growth event. Tax Notes

R&D expensing goes away and R&D spending jumps a record $96 billion in one year. taxnotes.com/tax-notes-toda… Tax Notes

"I'm pulling out all the stops to do it; a lot of senators want to vote," Sen. Ron Wyden said when asked if the bipartisan tax package would get to the floor before the August recess. Tax Notes

Taxwriters bracing for the impending tax cliff at the end of 2025 say that while all of the tax code will be under a microscope, a full rewrite isn’t guaranteed. My latest for Tax Notes: taxnotes.com/tax-notes-toda…

Bye-bye retroactivity. GOP senators are united in keeping the House's tax package off the floor pre-election, and the 2022-23 fixes “would be gone” and “not possible” in a lame duck, Janice Mays, a longtime top Dem staffer on Ways and Means says on PwC's olicy site. Tax Notes

Waiting for 2 senators to finish the vote, but all 3 Tax Court nominees will be recommended for confirmation, tho Cathy Fung was opposed by more than half of committee Republicans. Tax Notes

The Senate Finance Committee vote to recommend confirmation of 3 more Tax Court judges: Jeffrey S. Arbeit, 27-0, Cathy Fung, 19-8, and Benjamin A. Guider III, 27-0. Tax Notes

"Stay tuned, but you know, I think we're gonna provide the needed funding," Senate Approps FSGG Chair Van Hollen said when asked if Thursday's FSGG bill would maintain IRS funding at FY 2024 levels. Tax Notes #IRS

IRS budget flat at $12.3B in Senate Approps bill to be released today. Sets up another Senate v House negotiation over the tax collector. House Approps passed an 18%, $2.2B cut for the agency. Last year Senate's flat funding proposal beat out House's 9% cut. Tax Notes #IRS

Tax Court gets $57.3M, a 1% bump, in fy25 budget bill to be released by Senate Approps, faring better than in the House, where the court got a 3% cut. Still, funding is less than fy23's $58.9M, far less than requested $65M. Will force court to dip heavy into IRA funds. Tax Notes

Senate Approps gives FSGG bill 7% bump, compared to House's 9% cut. The $4.3B gulf between the two consists of $2.2B diff for IRS, $160M for Treasury, $77M CDFI, $32M FCC, most of rest in SBA. Tax Notes

FSGG bill is still *not* quite ready for a vote, Appropriations Chair Patty Murray says - one last issue to resolve. Moving forward with chair and RM remarks and hoping to vote after.

For any holding hope that Senate Rs couldn't tank the tax bill, McConnell just made clear his caucus has the votes on a bill that "needed some serious revisions in order to earn 60 votes in the Senate...We don’t need a vote today to tell us that’s still the case." Tax Notes

Trump 60% tariff on China imports & 10% on other imports would cost the typical household $1,820 in 2025, says TPC analysis taxpolicycenter.org/model-estimate… Tax Notes

Coming out of Tuesday's caucus, Sen. George Helmy, D -NJ l, confirms Senate Dems had just voted for him to take over seats vacated by Sen. Menendez including on Finance and Banking. Tax Notes #tax

Newly sworn-in Sen. George S. Helmy (George Helmy) will take the seat of his predecessor on the Senate's taxwriting committee, if only for a few weeks. Read more from Cady Stanton: taxnotes.co/4gkrpbc

Top Senate GOP taxwriter Mike Crapo wants administration to react to EU high court's decision penalizing Apple $14B: "I'm not going to say what they should be doing, but yeah, they should be doing something." Tax Notes #taxes