On February 28, Senators James Lankford (R-OK) and Chris Coons (D-DE) introduced their Universal Charitable Deduction legislation, S. 566. The bill was renamed from the previous "The Universal Giving and Pandemic Response and Recovery Act" to simply "The Charitable Act."  The Universal Charitable Deduction of $600 for married couples filing jointly and $300 for individual tax filers expired on December 31, 2021.

Tomorrow Senators James Lankford (R-OK) and Chris Coons (D-DE) will introduce legislation to restore and expand the non-itemizer charitable tax deduction - also known as the Universal Charitable Deduction. This legislation is intended to restore the Universal Charitable Deduction of $600 for married couples filing jointly and $300 for single tax filers that expired on December 31, 2021.

As the new Congress convened the first week of January, from the very outset, the many challenges facing the House of Representatives as to how it would move forward on legislation became immediately apparent. The long battle to elect Kevin McCarthy (R-CA) as Speaker, which took 15 ballots — the most ballots to elect a Speaker since 1923, 100 years ago — was a microcosm of how fractious and complicated moving legislation in the House will be during this two-year 118th Congress.