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Congress · 119th Congress

Supreme Court backs congressional power in tariff ruling

If the executive would like to enact trade policies that impact American producers and consumers, its path forward is crystal clear: convince their representatives under Article 1," McConnell's statement

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

Congress · 119th Congress

Trump draws line in sand on extending ACA credits

"Americans want Congress to extend the ACA tax credits to keep health insurance premiums from skyrocketing on January 1."

Congress · 119th Congress

Major spending package planned for Senate floor faces doubts

↵↵After finally bringing a 43-day partial government shutdown to an end, Senate leaders were eager to get going on long-delayed appropriations work for the fiscal year that began Oct. 1.

Congress · 119th Congress

Trump signs spending bill to end longest government shutdown

↵↵Leaders of both parties have yet to agree on topline discretionary spending limits for the fiscal year that began Oct. 1, a critical step for passing most of the annual appropriations bills that remain

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 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

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