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Policy · 115th Congress

Increased 401(k) Limits Could Find Home in Tax Bill

Under current law taxpayers can put up to $18,000 — after this year, $18,500 — in their 401(k)s without trigger a tax penalty until that money is withdrawn from the retirement savings accounts.

Policy · 115th Congress

Durbin, Graham Dreaming DACA Before Christmas

The deal is being negotiated without input from the Trump administration, the Senate minority whip said. “We’re kind of at the congressional level right now, the senatorial level.

Policy · 115th Congress

Who Benefits From the State and Local Tax Deduction?

I don’t believe it would be seen as middle-class tax relief if this didn’t exist and it was being proposed,” said Jared Walczak, senior policy analyst at the conservative-leaning Tax Foundation.

Policy · 115th Congress

GOP Unified on Tax Overhaul — for Now

Tom MacArthur said he didn’t know if a tax bill could pass without it. “But I am going to do what I can to rally states like New Jersey, New York, Pennsylvania, California, Illinois, Connecticut.

Policy · 115th Congress

Hill Flounders on Kids’ Care

“For me, I hope I only need this support for a limited time but lots of families need it even more than I do. If we really value our future, which is our kids, we need to take care of their health.”