Richard Rubin
Senate Narrowly Advances Trump’s Tax and Spending Megabill
The initial vote on the One Big Beautiful Bill Act was 51-49, with most Republicans in favor and all Democrats opposed, putting the Senate potentially on track to pass the bill by Monday after a day of debate and amendments.
Key House Republican to Unveil Sales Tax Plan for Purchases Across State Lines
House Judiciary Committee Chairman Bob Goodlatte (R-VA) will release a new proposal in coming days that attempts to resolve the long-running dispute among retailers, state governments and online retailers over how to tax purchases made across state lines.
His discussion draft would introduce a new legal framework for cross-border sales, largely replacing the current system that relies on whether a seller has a physical presence in a state. Instead, sales would be taxed according to the tax base of the retailer and a single tax rate chosen by the consumer’s state. That is an enormous change from the way sales taxes have traditionally worked, and it could create complications, including how to handle the five states—Alaska, Delaware, Montana, New Hampshire and Oregon—that don’t levy sales taxes.