SCOOP: A new bipartisan bill from Reps. Drew Ferguson and Wiley Nickel would clarify that staking rewards should be taxed at the point of sale, according to the legislation.

news.bloombergtax.com/daily-tax-repo…

Overnight, House and Senate negotiators unveiled long-awaited compromise FAA bill text

The broad aviation policy legislation includes additional flights at DCA, doesn’t increase pilot retirement age news.bgov.com/bloomberg-gove…

NEW: The House-passed tax bill helped drive millions in spending on federal lobbying in the first quarter of 2024 as businesses sought to advance the now-stalled legislation aimed at restoring expired tax breaks and boosting the child tax credit

news.bloombergtax.com/daily-tax-repo…

NEW: Ways and Means Republicans unveiled their 'tax teams' lineups today--the first major step from either tax committee in gearing up for the 2025 tax cliff.

news.bloombergtax.com/daily-tax-repo…

SCOOP: Former Ways and Means Chair Kevin Brady (R-Texas) is joining the Alliance for Competitive Taxation as a spox and strategic adviser ahead of the 2025 tax cliff.

Check out my interview with Brady ⬇️

news.bloombergtax.com/daily-tax-repo…

The cannabis industry is bracing for future federal taxation while at the same time warning that some proposals in Congress could make the illicit market even stronger. NEW from Samantha Handler

news.bloombergtax.com/daily-tax-repo…

NEW: Ways and Means Chair Jason Smith said yesterday that the 'tax teams' to help plan for 2025 tax negotiations are coming 'very, very soon.'

More on that in this am's Hill Tax Brief: news.bloombergtax.com/daily-tax-repo…

NEW - Economic advisers to Donald Trump are advocating to maintain or reduce state and local tax deductions, implement a flat tax rate of 17% and more w/ Amanda Gordon + Enda Curran 柯恩达 bloomberg.com/news/articles/…

Kind of surprised Speaker isn’t jamming the Senate by adding the tax cut to the Ukraine package.

Great piece from Lillianna Byington, who was on the water in Baltimore with the Coast Guard this week

TAX UPDATE: After Schumer today said the tax bill needs enough votes before it can go to the floor, Republican senators said their resistance hasn't weakened.

Daines, who's been supportive of the bill, said he doesn't think there's enough votes.

news.bloombergtax.com/daily-tax-repo…

SCHUMER says he supports moving forward in tax bill if supporters can muster the votes

Wyden: “If Senate Republicans have concerns they should bring them to me”

CRAPO tells Steven Dennis and me:
“We haven’t had any engagement during the break,” on the tax bill.

Said it all depends on Schumer’s decision if and when to move the bill.

Were you watching Iowa's loss yesterday and are you ready for UConn tonight? This story might interest you in the meantime w/Samantha Handler news.bloomberglaw.com/daily-labor-re…

NEW: Diego Areas Munhoz and I took a deep dive into the potential tax consequences of student athletes' unionization efforts, and how Congress may have to step in to protect the tax free status of athletic scholarships.

news.bloombergtax.com/daily-tax-repo…

Trains, planes, TikTok, taxes, banks, marijuana, LNG - There’s a crowded congressional agenda for business: bloomberg.com/news/articles/…

ICYMI: Senate GOP poised to sink $78 billion tax package w/ Erik Wasson

bloomberg.com/news/articles/…

Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in US Senate w / ⁦Samantha Handler⁩ bloomberg.com/news/articles/…