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Policy · 117th Congress

Democrats line up behind budget bill while GOP pledges ‘hell’

Substitute tax  To make up for the lost revenue from the corporate minimum tax exemptions and dropping the carried interest provision, Democrats added a 1 percent excise tax on stock buybacks, which

Congress · 117th Congress

Semiconductor, science bill passes Senate, heads to House

The $11 billion Commerce Department authorization, all of which is on top of baseline funding, includes $10 billion for regional technology hubs and $1 billion for a pilot program to provide economic

Congress · 117th Congress

Senate close to COVID-19 aid deal; global funds in question

But Romney said negotiators were still debating whether to take $1 billion of the $10 billion slated for HHS and instead give that to the United States Agency for International Development for foreign

Congress · 117th Congress

Senate Democrats plot March legislative push on inflation

A group of Democrats introduced a bill last week to cut the excise tax on gasoline produced, imported or sold from 18.4 cents per gallon to zero until Jan. 1, 2023.

Congress · 117th Congress

Defense appropriations likely to exceed fiscal 2022 NDAA levels

Defense spending appeared set for a larger-than-authorized increase in the fiscal year that began Oct. 1 as part of a “framework” appropriators agreed to Wednesday, though the pact’s contents remained

Congress · 117th Congress

Medicare cuts scare helps put debt limit bill on fast track

The bill includes a three-month suspension of the 2 percent Medicare “sequester” that was set to begin on Jan. 1. It would return at 1 percent for the three months following.

Congress · 117th Congress

Senate clears expedited debt limit process, Medicare cuts delay

The legislation heading to the White House also would delay Medicare cuts that would otherwise be triggered Jan. 1, including across-the-board reductions to provider reimbursements as well as separate

Congress · 117th Congress

House passes debt limit process, Medicare cuts delay bill

Medicare, farm cuts The debt limit process language is tucked into a bill that would avoid several Medicare cuts that would otherwise be triggered Jan. 1, including across-the-board reductions to

Congress · 117th Congress

Sanders opposes plan to scrap ‘SALT’ cap, then restore it

Senate Budget Chairman Bernie Sanders, I-Vt., said the proposal could cut taxes by $475 billion over five years, including lowering taxes for the richest 1 percent of households to below where they

Congress · 117th Congress

Democrats, Republicans agree to short-term debt limit increase

benefits scheduled for Oct. 20 could be delayed by five days.Food stamp benefits due Oct. 25 would be delayed by a week.Federal employee salaries due to be paid Oct. 29 could be postponed by 11 days.Nov. 1

Congress · 117th Congress

Senate aims for weekend vote on infrastructure bill

The Senate could vote this weekend on its nearly $1 trillion infrastructure legislation after Majority Leader Charles E. Schumer filed a motion to bring the debate to a close as soon as Saturday.

Policy · 117th Congress

Conservatives take aim at infrastructure bill in Senate

Though up to 17 GOP lawmakers have signaled tentative support for the nearly $1 trillion infrastructure measure being debated in the Senate, conservatives urged on by former President Donald Trump are