Master plan step 1 has begun, the DC-based UConn fan proclaims!

As storytellers on sensitive topics we often wrestle with how to frame those we are showcasing when they have given us so much.

They have trusted us with their rawest feelings, their most vulnerable selves -- when it might be wiser to be silent on the issue at hand.

Fool me once, shame on you, fool me twice …

Via Owen Poindexter / Front Office Sports

frontofficesports.com/why-the-wnba-p…

House Republicans supporting a hike in the corporate income tax rate are hard to find despite an assertion by the chamber’s top taxwriter that some of the more conservative members hold that view.

From Doug Sword & Cady Stanton: taxnotes.co/44yJtJp

⬇️Senate Majority Leader responding to yesterday's CBO report on the cost of extending TCJA provisions

A monthslong Senate stalemate on the $79 billion House-passed #TaxBill hasn’t dulled the optimism of the top House taxwriter (Rep. Jason Smith) and his desire for the legislation to pass as a stand-alone measure.

Read more from Cady Stanton: taxnotes.co/44C1C93

At a National Tax Association event this AM, Wyden says W&M Chair Jason Smith 'spoke the truth out loud' yesterday when he said the Senate has the votes to pass the tax bill.

'I think we're going to be in a position to get a vote on this ... I believe we have the votes.'

Some House Republicans may join Democrats in seeking a hike in the corporate tax rate when Congress considers the extension of tax cuts implemented under former President Donald Trump, according to Rep. Jason Smith.

From Cady Stanton: taxnotes.co/3UPJ8ic

That was faster than a Shohei four-seamer.

🚨tax angle🚨

IRS Commissioner Daniel Werfel has committed to working with the #cannabis industry to understand how the pending decision to reclassify marijuana would affect the industry’s tax obligations and to clear up any ambiguity. taxnotes.co/3y3yY4s

⬇️⬇️

Senate Minority Whip John Thune at the same event:
'My assumption is that at some point Schumer puts [the tax bill] on the floor and triggers that vote and sees where it goes,' and says Senate Rs still hold concerns about CTC lookback and losing leverage for 2025 tax talks.

Improved IRS tax season performance would begin deteriorating after 2028 — two years later than current projections — if appropriators approve an agency proposal to allow transfers of special 10-year funding between accounts.

📝 Doug Sword & Ben Valdez: taxnotes.co/4baKYzS

W&M Chair Jason Smith at a BakerHostetler event says he is still 'very optimistic' the Wyden-Smith tax bill can pass in the Senate and that he has told Schumer directly to hold the vote: 'I believe the votes are there ... the longer that we wait for a vote we only lose votes.'

The top House taxwriter (Rep. Jason Smith) is shifting his close examination of tax-exempt entities to focus on donations to the U.S. Chamber of Commerce from a left-leaning organization.

Read the full story from Cady Stanton: taxnotes.co/4b3w9Pu

Starting in February, The Boy Scouts of America will be called Scouting America, and will “welcome every youth and family,” it said in a statement. bit.ly/4bqnSEZ

There’s hope yet for Senate action on the languishing #TaxBill , as the chamber’s top taxwriter (Ron Wyden) is looking to attach it to a must-pass Federal Aviation Administration reauthorization bill.

Cady Stanton explains: taxnotes.co/3UmbWNO