Congress · 117th Congress
Democratic bill would mandate new IRS free tax-filing program
The bill would require a program by March 1, 2023, allowing taxpayers who don’t have to file tax returns to claim refundable tax credits.
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Congress · 117th Congress
Reconciliation talks complicated by ‘SALT’ tax hurdle
Their negotiations have focused on a package that would raise roughly $1 trillion in revenue, with half to offset spending initiatives on climate and potentially health care and the other half for deficit
Congress · 117th Congress
Biden administration tries to get ahead of red-hot inflation report
Stemming the elevated public concern over inflation may be pivotal to Democratic hopes of passing a downsized “Build Back Better” package that could raise roughly $1 trillion in new revenue over
Campaigns · 117th Congress
At the Races: Too busy for Biden
candidates who lost badly in primaries this year but blame fraud instead of conceding, while the Milwaukee Journal Sentinel looks at a probe to find fraud in 2020 that has come up with little after spending $1
Campaigns · 117th Congress
At the Races: Roe-d awakening
Making the cut: Voters in California went to the polls June 7, but it took another 2 1/2 weeks to determine that GOP Rep.
Campaigns · 117th Congress
Crunch time for multiple incumbents as seven states hold elections
/p> Krishnamoorthi, in the 8th District, still held a huge financial advantage with nearly $13 million cash on hand, even as his primary challenger, IT consultant Junaid Ahmed, had raised more than $1
Policy · 117th Congress
SEC’s new crypto enforcers are coming for DeFi, lawyers say
Sithian of Crowell & Moring LLP said scrutiny is likely over algorithmic stablecoins, which are digital assets that use a market-based arbitrage system, controlled by computers, to maintain a value of $1
Campaigns · 117th Congress
At the Races: Hearing today, gone tomorrow?
Menendez Jr., who goes by Rob, had raised more than $1 million since he started running following Rep. Albio Sires’ retirement announcement.
Congress · 117th Congress
Bipartisan crypto bill outlines regulatory, tax framework
The drop in value of some cryptocurrencies in May, including the algorithmic stablecoin Terra, which lost its $1 peg, was followed by dips in other cryptocurrencies including bitcoin and Tether.
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
Campaigns · 117th Congress
New debate over gun laws will test the gun lobby’s influence
By more than 3-to-1, gun rights groups — including the best-known National Rifle Association, which has filed for bankruptcy and may no longer be the political behemoth it once was — have outspent
Campaigns · 117th Congress
At the Races: Divisions on display
State Leigh Chapman said she would order a recount in the state’s Republican Senate primary, which is required under state law because Mehmet Oz and David McCormick are separated by less than one-half of 1
Campaigns · 117th Congress
At the Races: NY state of turmoil
In all, Cisneros’ pre-runoff disclosure to the FEC, covering April 1 to May 5, reported receipts of $1.2 million and a closing cash balance of $1.4 million.
Policy · 117th Congress
Terra’s stablecoin flop raises questions about regulatory role
Terra had been the largest “algorithmic” stablecoin, a digital asset designed to always maintain a value of $1 through market incentives rather than backing by cash or securities.
Congress · 117th Congress
Republicans split on adding semiconductor tax breaks to competition bill
incentives along with a provision allowing companies to again fully and immediately deduct their research and development expenses after a 2017 law change required expensing over five years starting on Jan. 1,
Policy · 117th Congress
Legal debate over SEC’s authority clouds climate rule proposal
New requirements If finalized, public companies would have to report on their Scope 1 and Scope 2 greenhouse gas emissions, which address direct emissions and indirect emissions from purchased electricity
Campaigns · 117th Congress
At the Races: Roe, Roe, Roe the vote
China ads: A Wall Street Journal analysis of broadcast television and national cable data finds that roughly 1 in 9 ads aired so far this year in all House and Senate races have mentioned China,
Policy · 117th Congress
Critics see risk in ‘algorithmic’ stablecoins
If the price of the stablecoin rises above $1 based on investor demand, a Luna holder can swap $1 worth of Luna for that coin, making a profit from the higher price.
Campaigns · 117th Congress
At the Races: Signs of red ahead
Goldilocks, Act 1: A state judge says the new congressional map in Kansas went too far favoring Republicans, CQ Roll Call’s Michael Macagnone writes.
Congress · 117th Congress
Former Utah Sen. Orrin G. Hatch, who helped shape health and tax policy, dead at 88
In 2000, he ran for president, but dropped out of the race after winning only 1 percent of the vote in the Iowa caucuses. Then-Sen.