Senate Finance Committee

Meet Paul Ryan’s ‘Cindy,’ a single mom who he says gets $700 from the tax bill

<i>“Meet Cindy: a single mom, making $30,000 per year, who hopes to one day get beyond living paycheck to paycheck. With a $700 increase in her tax refund each year under our tax bill, Cindy can start saving for her future.”</i> <b><br>— House Speaker Paul D. Ryan (R-Wis.), in a tweet, Nov. 17, 2017</b><p>Many readers …

U.S. Politics

Donald Trump Is Promising Americans a 'Huge Tax Cut' for Christmas

(WASHINGTON) — President Donald Trump on Monday promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group said the Senate …

ObamaCare

Here are the Senate Republicans who will decide the fate of the tax bill

<b>(CNN) —</b> In the US Senate, the tax bill could fail or succeed based off of the votes of just a handful of members. After recess this week, Senators will return from Thanksgiving and move immediately to vote on a plan that would permanently lower the corporate tax rate, temporarily lower rates across …

U.S. Congress

Clarence Thomas Must Resign

Utah Republican Orrin Hatch called “bullcrap” on Ohio Democrat Sherrod Brown last week. The Senate Finance Committee lion tore into Brown for …

Sherrod Brown

Lawmakers Push Alcohol Tax Cut Despite Rising Drinking Rates

The tax break would save alcohol producers $4.2 million<p>Deaths linked to alcohol are significantly more common than drug overdose deaths, but …

Politics

Right and Left React to the Republican Tax Plan

<i>The political news cycle is fast, and keeping up can be overwhelming. Trying to find differing perspectives worth your time is even harder. That’s why we have scoured the internet for political writing from the right and left that you might not have seen.</i><p><i>Has this series exposed you to new ideas?</i></i> …

Politics

Ron Johnson Is 'Encouraged' on Taxes But Slams 'Awful Process'

Senator Ron Johnson -- the first GOP senator to voice opposition to the current tax plan -- said he’s encouraged that Republican leaders have been …

Business

Utah groups urge Republican senators to vote down tax bill

Grassroots groups in Utah that are against the Republican Party's tax plans have called upon Republican Sens. Orrin Hatch and Mike Lee to vote …

Business

Trump's pick for health secretary worth as much as $20.6 million

President Trump's nominee for Health and Human Services secretary is worth as much as $20.6 million, according to his newly filed federal disclosures …

Eli Lilly

New Analysis Shows Senate Bill's Tax Benefits Shift Over Time

Ports Press Congress to Keep Tax Advantages for Private Activity Bonds<p>A cargo ship sits docked at the Port of Seattle in Seattle in 2015.<p>Seaports and construction companies are pressing the U.S. Senate to leave out a provision in the House-passed tax bill that would eliminate the exemption for some …

Business

With Tax-Plan Push, Orrin Hatch Faces a Deal-Making Test

Senate Finance Committee chairman confronts challenges from both sides of the aisle<p>WASHINGTON—Utah Sen. Orrin Hatch prides himself on a history of bipartisan legislating, but in the push for a U.S. tax overhaul, it has been anything but that.<p>In a heated exchange last week, Mr. Hatch, a Utah …

U.S. Congress

Read legislative text of Senate GOP's tax overhaul legislation

The Senate Finance Committee late Monday released the legislative text of its tax overhaul legislation.<p>The text was unveiled after the panel approved …

U.S. Congress

San Diego Chamber vice president testifies on NAFTA

The North American Free Trade Agreement has increased San Diego’s competitiveness, with trade currently supporting an estimated 110,000 jobs in the …

John Cornyn

Alabama election has GOP racing against the clock

Republicans are feeling the pressure to move quickly on tax legislation ahead of next month’s Senate election in Alabama.<p>Senate Republicans already …

U.S. Congress

Republicans Are Throwing Away Their Shot at Tax Reform

There’s a manifest need to lower corporate tax rates—but instead of building consensus, the GOP is pursuing a bill that’s likely to be rolled back even if it passes.<p>America badly needs corporate tax reform.<p>The United States pretends to tax corporations heavily. But those heavy tax rates are …

Politics

Bonus! Some consumers find free health insurance through Affordable Care Act

WASHINGTON — Consumers are getting the word that taxpayer-subsidized health plans are widely available for next year for no monthly premium or little cost, and marketing companies say they're starting to see an impact on sign-ups.<p>"Free Obamacare Coverage in 2018," says an online pitch from …

Money

Trump World makes a promise on taxes it probably can't keep

There was an interesting exchange about tax policy yesterday between CNN’s Jake Tapper and Mick Mulvaney, the far-right director of Donald Trump’s …

Social Justice

Distributional Analysis of the Tax Cuts and Jobs Act as Passed by the Senate Finance Committee

Abstract<p>The Tax Policy Center has released distributional estimates of the Senate version of the Tax Cuts and Jobs Act as passed by the Senate …

Social Justice

Key senator calls for changes to Republican tax bill

in Washington<p>A key Republican senator has called for big changes to a tax bill working its way through the Senate, raising more doubts about the …

U.S. Congress

Republicans offer this impossible choice: Tax cuts or senior care

Cuts to Medicaid, particularly, and even to Medicare, are integral to offsetting huge tax cuts before Congress. These safety net cuts — which would …

Health Care

For Murkowski, Tax Overhaul Isn’t Just Business. It’s Personal

Inclusion of ANWR drilling could put her in new Alaska league<p>Twelve years ago, Sen. Lisa Murkowski sat at the breakfast table with her youngest son, …

Politics

Republicans Are Blowing Their Chance at Tax Reform

David Frum: “As I write on November 19, it may see like the GOP tax plans are carrying all before them. A big tax cut has passed the House. A …

Politics

Why We All Should Be Sick and Tired of This Tax Debate

(Bill Clark/CQ Roll Call via AP Images)Senators Debbie Stabenow, ranking member Ron Wyden, Chairman Orrin Hatch, and Chuck Grassley participate in …

Liberal View

Wall Street Breakfast: Catalonia - Independence Or Not?

<b>Catalan leader Carles Puigdemont</b> has not given a clear answer about the future status of the region, according to a letter sent to the Spanish …

Business

Your Outrage Over Business Jets Is Silly

Brace yourself for a little thing called "nuance."<p>Eric Adams / The Drive<p>Eric AdamsView Eric Adams's …

Ryan Zinke

Section 475 Traders May Be Eligible For Pass-Through Tax Cuts

Owners of a trading business are anxious to learn if they will qualify for tax cuts with the House’s 25% pass-through rate or the Senate’s 17.4% pass-through tax deduction. While the two bills have a few things in common, they are vastly different, and both contain nuances for a trading …

Retirement

States, feds scramble to preserve children's health insurance

Several states and the Trump administration are fervently searching for stopgap measures to keep insurance for low-income children while Congress …

Health Care

Senator Collins Says Tax Plan 'Needs Work'

November 20th, 2017, 12:35 AM UTC<p>Senator Susan Collins said the Republican tax plan passed by the Senate Finance Committee on Thursday "needs work." …

Business

Mutual funds firms may skip a tax change

The Senate Finance Committee has decided that a provision that would change tax rules on certain securities sales shouldn't apply to mutual fund …

Business

Politics This Morning: MPs return for last legislative stretch in House of 2017; McKenna, Mulroney, May commemorate 30th anniversary of Montreal Protocol

Good Monday morning,<p>The House is back in session.<p>MPs are returning back to the Hill for the last stretch of legislative action before the traditional …

Canadian News