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Senate Finance will mark a retirement savings bill today. Chair Ron Wyden released tomorrow president’s mark And the committee will consider the measure today. The bill, called the Enhancing American Retirement Now (EARN) Act, includes several changes to the tax treatment of retirement savings and withdrawals. The House had passed a similar bill earlier this year.
US Supreme Court: Maine’s teaching aid program cannot exclude religious schools. The High Court ruled that the state program was unconstitutional because it provides Vouchers for private non-sectarian and public school tuitionBut schools with explicitly religious instruction are excluded.
Machine Learning event this afternoon. Join TPC in this virtual event featuring Alex Engler of the Brookings Institution, John Guyton of the IRS and Una-May O’Reilly of the Massachusetts Institute of Technology. In a discussion moderated by TPC’s Janet Holtzblatt, they will examine the potential of using machine learning for tax enforcement. tune in here,
Virginians get grocery tax relief, but no gas tax holiday. Lawmakers Vote to Cut Virginia’s State Sales Taxes on groceries and personal hygiene Products including tampons and diapers. But the tax cut won’t go into effect until next year and allows locals to retain their share of the grocery tax. MPs Denied a Gas Tax VacationWhich would have suspended Virginia’s 26 cents per gallon levy.
Mohegan Tribe Chief Lynn Malerba will be the first Native American to serve as US Treasurer. He Will be the first indigenous woman and tribal leader Whose name will appear on the US currency. She will also oversee the Office of Tribal and Native Affairs, which is newly established to communicate directly with tribal nations and to be the center of tribal policy. Malerba will also oversee the US Mint and serve as a liaison to the Federal Reserve.
Germany is collecting more tax revenue than last year, but… of the country estimated tax revenue According to the Finance Ministry, for the first five months of 2022, it is 15.1 percent higher than the previous year. But the ministry also acknowledges a great deal of uncertainty about future tax revenues due to the Russian invasion of Ukraine.
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