Sen. Mitch McConnell (R-Ky.) announced today that he will step down as Senate Republican leader in November. McConnell, who has led Senate Republicans since 2007, said that he will serve the remainder of his Senate term, which ends in 2027.
Congress sends budget bill to president with numerous ABA-backed provisions
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.