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Why Idaho Senator Mike Crapo Largely Controls Bipartisan Tax Bill’s Fate

CPA Practice

Mike Crapo of Idaho, the top GOP member of the Senate Finance Committee. While Crapo and Wyden have worked together on tax legislation in the past—including a tax break for investments between the United States and Taiwan that was included in the package that passed the House—the Idaho senator has signaled he won’t support the bill as-is.

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Some States Are Considering Shelving the Grocery Tax

CPA Practice

At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch—Kansas, Virginia, Illinois, Tennessee and Idaho. Tennessee, which dropped its grocery sales tax from 5% to 4% in 2017, lifted the tax for a month last August.

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Chief Tax Writers Working to Broaden Appeal of Tentative $70 Billion Package

CPA Practice

Crapo, R-Idaho, on board. Others took issue with the plan to end the pandemic-era employee retention tax credit early as a means to cover its costs, as well as the scope of the tentative child tax credit expansion. “My Wyden, D-Ore., said Thursday he was continuing conversations with Smith, R-Mo.,

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