Daily Tax Report ®

HILL TAX BRIEFING: Reasons for Optimism on More Business Aid

July 31, 2020, 10:07 AM

The outlook for the next pandemic relief bill remains murky, with the two parties far apart on issues like temporary unemployment benefits and aid for states and cities that are struggling with pandemic-related budget problems.

But Capitol Hill’s top tax writers have signaled that a deal on business tax relief could be easy to reach once those big ticket items are resolved.

The White House dropped its effort to get a payroll tax holiday into the relief bill after there wasn’t much support among lawmakers. But there is a lot of common ground when it comes to expanding the employee...

To read the full article log in. To learn more about a subscription click here.