GT Thompson Stresses Farm Safety Net as Tax Bill Heads to Senate

GT Thompson stresses farm safety net as tax bill heads to Senate

House Ag Chair GT Thompson says the Trump Tax Bill, which is now headed to the Senate, will improve the farm safety net. While most of last week’s House debate on the president’s “One Big Beautiful Bill” focused on SNAP…

How the Big Beautiful Bill Could Impact Construction

There are many provisions that taxpayers must consider that are set to sunset at the end of the year associated with the Tax Cuts and Jobs Act (TCJA) of 2017.

U.S. House Passes Tax Bill Impacting Canadian Businesses

On Thursday, May 22, the U.S. House of Representatives narrowly passed President Trump’s “One, Big, Beautiful Bill” with a vote of 215–214. Among its provisions is Section 899, which targets what the U.S. considers “discriminatory or unfair taxes” imposed by foreign governments—specifically, Canada’s Digital Services Tax (DST). Under Section 899, tax rates on Fixed, Determinable, Annual, or Periodic (FDAP) income and Effectively Connected Income…

U.S. House Approves Tax Bill, But The Senate Is Likely To Change It - The Metals Service Center Institute

The U.S. House Ways and Means Committee approved a massive tax bill on May 12 on a party-line 26-19 vote. The House Budget Committee also signed off on the legislation…