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Common ground on the debt limit? Here’s what to look for

Caps for the remainder of the decade would allow for 1 percent annual growth.  Democrats may not agree with 1 percent but maybe they’d compromise around 2 percent, Rep. Don Bacon suggested.

Capitol Ink · 117th Congress

Capitol Ink | The best of 2022

Matson knew the Respect for Marriage Act was coming up for a vote in the Senate, so he baked a cake for the Supreme Court in “Congressional bakery,” from Dec. 1.

Congress · 117th Congress

Stopgap funding bill set to dominate September agenda

Washington this month to wrestle with a White House request for $47.1 billion in emergency supplemental funds and the need to pass a stopgap spending bill to avoid a partial government shutdown starting Oct. 1.

Congress · 117th Congress

Biden signs major climate, health care and tax bill into law

The package is estimated to cut the federal deficit by about $300 billion over the next decade, thanks to revenue raisers that include a 15 percent minimum tax on the largest corporations, a 1 percent

Congress · 117th Congress

Budget bill clears as Democrats seek to head off midterm losses

Combined with last year’s bipartisan infrastructure law that represents the other pillar of Biden’s “Build Back Better” agenda, Democrats will have delivered on roughly $1 trillion out of the $4

Congress · 117th Congress

Sweeping budget package passes Senate; House on deck Friday

[Sinema ready to advance budget bill after tax changes] The new taxes that made it into the Senate’s final bill are a 1 percent tax on what public companies spend on stock buybacks and a 15

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

Lawmakers who ran on ‘SALT’ relief prepare to face voters

Senate Democrats pushed back against the House-passed provision, which would deliver more than 30 percent of the tax benefit to the top 1 percent of households based on income, according to the Tax Policy

Congress · 117th Congress

Resurrected budget package no slam dunk as negotiations heat up

(Tom Williams/CQ Roll Call file photo) The slimmed-down measure under discussion would raise about $1 trillion in new tax revenue — down from roughly $1.5 trillion in the House-passed “Build Back Better