This blog post summarizes recent federal bills that have been introduced (but not yet passed), proposals by the Biden Administration, and guidance issued by the Internal Revenue Service.
The U.S. Senate is taking steps toward the repeal of decades-old legislation granting U.S. presidents broad powers to conduct war in Iraq. The bipartisan effort comes as many U.S. senators say Congress must reassert its authority and prevent the misuse of military force. VOA’s Congressional Correspondent Katherine Gypson has more.
The IRA includes a 15% corporate alternative minimum tax, a 1% excise tax on stock buybacks and a two-year extension of the excess business loss limitation rules.