Congress · 119th Congress
Court ruling puts federal revenue forecast on shaky ground
And after accounting for slower economic growth, the net revenue haul would shrink to $1 trillion.
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Congress · 119th Congress
Zero-dollar premiums sticking point in Senate health talks
↵↵"It's an example that the No. 1 issue today is affordability, and nobody has really walked through what it's going to mean for those 8 million people," Wyden said, referring to an early estimate of how
Campaigns · 119th Congress
In the Spotlight: Marie Gluesenkamp Perez
Winning by just over 1 percentage point, Gluesenkamp Pérez defeated Kent and flipped the district in what was otherwise a largely disappointing election cycle for Democrats.
Congress · 118th Congress
Manchin pushes stricter electric vehicle credit rules
Manchin’s new bill would retroactively put into effect battery and critical mineral sourcing mandates starting from Jan. 1 of this year, rather than giving leeway until Treasury produces guidance
Congress · 117th Congress
House Democrats move to release Trump taxes
JCT’s summary showed Trump reported net federal income taxes of $0 for the 2020 tax year, $750 in multiple years and almost $1 million one year.
Congress · 117th Congress
Halls of power(ball): New House members pick their offices via lottery
With the 60th pick, Ohio Republican Max Miller landed the No. 1 spot. While Miller basked in the crowd’s applause for his dumb luck, afterward he said he didn’t really care.
Congress · 117th Congress
Graves plans aggressive oversight as transportation panel chairman
In a November letter to Amtrak, Graves demanded a staff briefing on Amtrak awarding executive annual bonuses of $200,000 despite the corporation’s adjusted operating earnings being negative $1 billion
Congress · 117th Congress
These are the soon-to-be former members K Street wants to woo
Should he decide to join the influence business when he leaves the House in January after 13 terms, the Republican is likely to field multiple job offers with a salary in excess of $1 million, according
Congress · 117th Congress
Ways and Means leaders working on lame-duck Social Security fix
In some states — including Brown’s home state of Ohio, Neal’s home state of Massachusetts, and Graves and Letlow’s home state of Louisiana — the provision impacts more than 1 percent of the population
Congress · 117th Congress
Manchin unveils permitting proposal as battle lines harden
Schumer, D-N.Y., has pledged to include the legislation in a continuing resolution needed to fund the federal government before the beginning of fiscal 2023 on Oct. 1.
Congress · 117th Congress
Debate begins on massive budget package; ‘vote-a-rama’ awaits
A 1 percent tax on what companies spend on stock buybacks was added in to boost revenue, with higher taxes on a form of pay for investment fund managers, “carried interest,” out due to Sinema.
Congress · 117th Congress
Democrats delay votes on police, gun control legislation
Maloney, D-N.Y., argued gun-makers have made more than $1 billion in profit from the AR-15 and similar weapons since the last assault weapons ban lapsed in 2004.
Congress · 117th Congress
House Democrats add child nutrition to legislative menu
If approved, the changes would take effect after July 1, 2023.
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
Congress skeptical about Biden’s call to suspend gas tax
President Joe Biden on Wednesday proposed a series of actions he said could reduce the price of gasoline by $1 per gallon, including a call for a gas tax holiday that was greeted with skepticism by members
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
Census misses may have cost Florida and Texas in redistricting
The state gained one congressional seat based on the census results, but fell short of getting a second additional seat by 171,000 people, or less than 1 percent of its population.
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,
Congress · 117th Congress
Small businesses worry final aid package will neglect them again
Steven Gentile had to shut down his amusement park for the entire 2020 season, burning through his emergency fund halfway through the year and taking on over $1 million in debt.
Congress · 117th Congress
Senate confirms Lisa Cook as the first Black woman on the Federal Reserve Board
Senate Banking voted unanimously in March to advance Jefferson and 23-1 to advance Powell, with Sen. Elizabeth Warren, D-Mass., dissenting.