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
Health care, housing and crime bills top White House’s 2026 wish list
the new year — and in the … first two quarters, where you're going to have some opportunity for legislation," the senior official said, adding that funding the government past Jan. 30 remained the No. 1
Congress · 119th Congress
Government shutdown, reconciliation law highlight turbulent year in Congress
↵↵"Jan. 1 is coming. Republicans are responsible for what happens next."
Congress · 119th Congress
Lawmakers hold hope for health care even with partisan Senate votes
↵↵"We're focused on No. 1, getting this vote and waiting," she said. "We've been waiting. They said after the shutdown, they would come to us with serious proposals." ↵↵Sen.
Congress · 119th Congress
‘Blocked, ruined, canceled’: Trump hosts Hungary’s Orban as shutdown rolls on
↵↵The president has been purposely detached from negotiations among rank-and-file Republican and Democratic senators since before the shutdown began on Oct. 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
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.
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
Policy · 117th Congress
How ‘Build Back Better’ started, and how it’s going: a timeline
Oct. 1, 2021: Biden told House Democrats the budget package would need to be scaled down from $3.5 trillion to around $2 trillion as he asked them to hold off voting on the infrastructure bill until
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
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
Higher interest rates likely to factor into fiscal policymaking
That’s nearly $1 trillion in additional debt that investors other than the Fed would need to buy compared with last year, when the comparable supply was $582 billion.
Congress · 117th Congress
Budget bill delay, changes offer potential tax increase reprieve
Some of the biggest taxes would kick in right away on Jan. 1, 2022, under the bill.
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
House passes budget package after cost concerns abate
McCarthy filibuster House passage came Friday morning, after a stemwinder of a speech from Minority Leader Kevin McCarthy, R-Calif., that went for more than 8 1/2 hours — breaking the previous record
Congress · 117th Congress
Top areas of House budget package that could see changes
That parole period, applicable to individuals who entered the U.S. prior to Jan. 1, 2011, can be extended but not beyond Sept. 30, 2031.