Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
U.S. Rep. John Conyers, civil rights icon and longest-serving member still in Congress, has retired after former staffers claimed sexual harassment. From accusation to resignation, colleagues went from being warily supportive, urging caution while an investigation by the Ethics Committee was completed to outright calls for Conyers' resignation.
Significant differences separate the massive tax packages passed by the House and Senate on estate taxes, health care and a prized deduction for home mortgage interest, though Republican leaders are confident none is insurmountable. "We're looking forward to getting a final bill to the president's desk, soon," Senate Majority Leader Mitch McConnell, R-Ky., said Monday.
I am an old-fashioned kind of guy: when I do business with a company, I want to purchase good products and services for a reasonable price. Maybe it's odd enough in these times, but I don't want the company I am doing business with to be either cheating me or to be engaged in criminal enterprises.
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Senate Republicans narrowly approved the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans. The 51-49 vote -- achieved only after closed-door deal-making with dissident senators -- brings the GOP close to delivering a much-needed policy win for their party and President Donald Trump.
The change was a key last-minute revision to the bill meant to gain the votes of Sens. Ron Johnson of Wisconsin and Steve Daines of Montana. Republicans will increase the size of the one-time tax on overseas corporate earnings to pay for bigger small business tax breaks in their tax bill, several senators said Friday.
Republican senators say tax reform would benefit small businesses but their true goal is to help the biggest firms, a fact dramatically illustrated by a Republican-on-Republican policy fight this week. The legislation would reduce the top corporate tax rate, the one paid by the largest publicly-traded companies, from 35 to 20 percent.
Interrogators Blast Trump's 'Clueless' CIA Pick Tom Cotton The Central Intelligence Agency is set to receive an advocate of waterboarding, sweeping surveillance powers, jailing journalists, and conflict with Iran as its next director. - A combat veteran and first-term Arkansas GOP senator The Rex situation is simple - Secretary of State Rex Tillerson has been politically dead for months; the only question is when they're going to hold his funeral.
Missouri congressional members are expressing their views after President Trump's address on tax cuts at the St. Charles Convention Center Wednesday. Congressman Blaine Luetkemeyer says the plan passed by the House offers major tax cuts to two important groups - small businesses, and those making $200,000 or less.
Daines previously had held out because, he said, the bill did not do enough to provide tax cuts to non-corporate businesses relative to big C corporations, which the bill would give a 20 percent tax rate. Montana's Steve Daines, one of only two announced "no" votes on the Senate Republican tax bill, said he would support the motion to proceed to the legislation, and said his criticisms about the bill's small business provisions had been addressed.
Ivanka Trump walks with Sen. Marco Rubio after a meeting with other senators on Capitol Hill in June. The Senate Republicans' tax bill would leave millions of poor families with only partial access to a tax credit that conservatives have touted as a critical policy tool for alleviating poverty.
In the century that Pat Snook's family has run a cattle operation in southeast Texas, she and her relatives have paid the federal estate tax three times to account for acreage, equipment and other assets being passed from one generation to the next. "You don't mind paying it one time," said Snook, who lives in Livingston, about an hour northeast of Houston.
The U.S. consumer watchdog agency, enmeshed in partisan politics since its creation after the 2008 financial crisis, is now at the centre of a tug-of-war over who will lead it. Both the departing director - an Obama appointee often criticized as being too aggressive by banks and Congressional Republicans - and the White House have named interim leaders of the Consumer Financial Protection Bureau.
In this March 26, 2015, file photo, Consumer Financial Protection Bureau Director Richard Cordray speaks during a panel discussion in Richmond, Va. Cordray, the first director of the Consumer Financial Protection Bureau, tendered his resignation Friday, Nov. 24, 2017, and simultaneously named his own successor, setting up the consumer agency for another battle with the Trump White House over control of the powerful federal watchdog.
President Donald Trump began lying about the merits of an estate tax repeal on the day he began the tax overhaul effort. One of the most important functions the federal government performs is the decennial census, which not only provides a demographic snapshot of the country but also determines how much representation each state gets in Congress.
Hoping to avoid another round of unpopular bailouts, financial watchdogs have forced too-big-to-fail banks to make themselves less dangerous by adding lots of capital that safeguards against losses. But regulators continue to monitor these financial institutions, creating a list of 30 "systemically important" banks that deserve extra scrutiny.
Less than a week after floating the idea that older employees should no longer be able to make extra contributions to their retirement accounts before taxes, that proposal appears to be off the table, for now. Senate Finance Committee Chairman Orrin Hatch, R-Utah, had filed an amendment to the chamber's tax reform legislation last week that would restrict so-called "catch-up" contributions for workers aged 50 and above to 401 , 403 and 457 retirement accounts and the Thrift Savings Plan to Roth investments, which are taxed before the money is invested.
Thanksgiving approaches the GOP-Controlled House has passed H.R. 1, "Tax Cuts and Jobs Act," its tax reform legislation, on November 16, by a partisan vote of 227 to 206, with 13 Republicans siding with the Democrats. The House tax bill would dramatically reduce corporate and individual income taxes and would increase the deficit by $ 1.7 trillion over 10 years - - possibly offset by $ $338 billion saved by repealing the Affordable Care Act's individual mandate.
Americans should strongly support the tax reform bill passed by the House of Representatives . The final legislation to which both chambers agree will change, but the great majority of individuals, families and businesses will see lower tax bills because of the legislation.