Policy · 115th Congress
Ways and Means Panel Begins Marathon Markup of Tax Bill
</p> The Ways and Means Committee will meet at noon Monday to begin marking up the tax bill and is aiming to finish on Thursday, according to Chairman Kevin Brady.
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Policy · 115th Congress
GOP Tax Bill: The Fine-Tuning and Defense Begins
</p> </p> Democrats universally panned the tax bill as a tax cut for the wealthy.
Policy · 115th Congress
Tax Bill Eyes End to Project Finance, Stadium Bonds Deductions
</p>Other bonds In addition to private activity bonds, the GOP bill targeted a few other areas of tax-exempt bond policy.
Policy · 115th Congress
No Amendments to Tax Overhaul, Brady Says
Ways and Means Chairman Kevin Brady confirmed Friday there will be no amendments allowed on the tax overhaul bill when it reaches the House floor.
Policy · 115th Congress
New Jersey’s MacArthur Happy With SALT Compromise
And I am now content with that part of the bill. I’m trying to get it indexed for inflation, which I think is reasonable.”
Policy · 115th Congress
Green Energy Industry Says Lower Tax Credit Reneges on Promise
</p> The tax bill includes a provision that would remove an inflation adjustment from the renewable energy production tax credit, likely dropping it from 2.3 cents per kilowatt hour for tax year 2016
Policy · 115th Congress
Trump Pulling Hard for Health Care Change in Tax Overhaul, Brady Says
President Donald Trump has been lobbying hard to ensure a repeal of the individual mandate makes it into a tax overhaul before a bill reaches his desk.
Policy · 115th Congress
Immigration Measure Won’t Ride Omnibus, Negotiations Continue
Immigration reform will not be part of this year’s omnibus spending bill, Senate Republicans said Thursday after a meeting at the White House.
Policy · 115th Congress
House Republicans Consider Drastic Phase Out of Corporate Tax Rate Reduction
</p> President Donald Trump and the GOP were hoping to immediately decrease the corporate tax rate to 20 percent.
Policy · 115th Congress
Eleventh Hour Tax Hiccups for GOP
</p> Two sources with knowledge of the plans said Tuesday evening the bill text release would be delayed, but Ways and Means Chairman Kevin Brady, R-Texas, refused to say.
Policy · 115th Congress
Tax Cost Estimates May Not Be Released With Bill Text
</p> It is unclear whether initial cost estimates will be ready when Ways and Means Chairman Kevin Brady releases the text of the bill.
Policy · 115th Congress
Property Tax Proposal Hasn’t Sealed Deal on ‘SALT’ Deduction
their tax bill, regardless of whether they itemize or claim the standard deduction.
Policy · 115th Congress
Tax Bill to Drop Income/Sales Tax Part of SALT, Says Brady
Kevin Brady clarified to reporters Monday that a portion of the state and local tax deduction that allows taxpayers to deduct either their income or sales taxes will not be part of the GOP tax overhaul bill
Policy · 115th Congress
House GOP Leaders Announce Children’s Health Insurance Vote
</p> House Majority Whip Kevin McCarthy, R-Calif., announced the bill would be debated next week — a plan opposed by Minority Whip Steny H. Hoyer, D-Md.
Policy · 115th Congress
Increased 401(k) Limits Could Find Home in Tax Bill
Ways and Means Chairman Kevin Brady told reporters Thursday that a tax bill released next week might include an increase to the current law’s 401(k) contribution limits.
Policy · 115th Congress
Expect Senate to Honor House on SALT, Brady Says
</p> “We are working very seriously with them to find good solutions,” he said. “I’m confident we can. And when we do we’ll incorporate that into the tax reform bill.
Policy · 115th Congress
Senate Republicans Consider Keeping Estate Tax
It could also help drain some ammunition from Democrats, who have sought to paint the tax bill as a giveaway for the rich.
Policy · 115th Congress
Tax ‘Whisperer’ Kautter Named Interim IRS Chief
</p> If a landmark GOP tax bill passes before the end of the year, as top Republicans intend, Kautter would have the monumental task of implementing the first major changes to the tax code in decades
Policy · 115th Congress
Durbin, Graham Dreaming DACA Before Christmas
</p> “I want to grab the first train leaving the station. … I hope it’s before the omnibus bill,” he said.