Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
President Trump speaks as Senate Majority Leader Mitch McConnell and House Speaker Paul D. Ryan listen during a meeting regarding tax reform at the White House on Tuesday, Sept. 5, 2017.
The head of the House's tax-writing committee is putting forward legislation to give temporary tax relief to victims of hurricanes Harvey, Irma and Maria. The bill proposed Friday by Rep. Kevin Brady, R-Texas, chair of the House Ways and Means Committee, would ease requirements for deducting individual property losses and allow people to draw on their retirement funds without penalty.
Hurricane Maria is expected to soon create dangerous waves and strong rip currents along parts of the southeast U.S. coast as the Category 3 storm moves away from the Bahamas and into open water. The U.S. National Hurricane Center says Maria continues to have maximum sustained winds of 125 mph .
Republican senators couldn't escape the question as they shuffled to the Senate floor for votes Monday night. Would they support the Graham-Cassidy bill, perhaps their last chance to overhaul Obamacare? It's a repeal-and-replace proposal that less than a week ago seemed dead on arrival in the Senate.
FILE PHOTO: Chairman of the House Ways and Means Committee Kevin Brady listens to testimony before the committee on tax reform on Capitol Hill in Washington, U.S., May 23, 2017. REUTERS/Joshua Roberts The top Republican tax law writer in the U.S. House of Representatives said on Thursday that he does not expect an upcoming tax reform framework to contain specific numbers on income tax rates for corporations and individuals.
House Ways and Means Chairman Kevin Brady talks with reporters in the Capitol on Wednesday after a meeting of the House Republican Conference. Republican lawmakers for months have been talking about a tax overhaul with a sense of urgency, but those words have yet to translate into action.
A U.S. House of Representatives bill that would delay the December mandate for electronic logging devices is quietly gaining co-sponsors despite lacking support from congressional Republican leaders, a committee of jurisdiction and most of the trucking industry. As carriers continue to ensure their vehicles are equipped with ELDs by Dec. 18, legislation offered by Rep. Brian Babin in July has garnered six co-sponsors this month.
Senate Finance Chairman Orrin G. Hatch, seen here with Michigan Sen. Debbie Stabenow wants to look at a possible repeal of the 2010 health care law's taxes as part of a larger tax package. The Republican effort to repeal President Barack Obama's signature health care law may have stalled, but lobbyists are pushing the GOP to continue to target the provisions the industry most despises: the law's taxes.
A top income-tax rate of 44 percent for Americans earning more than $5 million per year isn't under consideration, a White House official said Monday, knocking down a proposal said to be backed by top Trump adviser Steve Bannon. "I don't think that that's on the table right now, to be honest with you," White House director of legislative affairs Marc Short said on Fox News.
A tax reform bill could reach President Trump's desk by year end, House Ways and Means Committee Chairman Rep. Kevin Brady said Sunday. "We're on that timetable to do it," Brady, R-Texas, told Maria Bartiromo on "Sunday Morning Futures."
President Donald Trump says Congress should have approved legislation to repeal the Obama-era health law after working on it for seven years. But he says "you can't have everything."
President Donald Trump and Vice President Mike Pence greet House of Representatives committee leaders Ways and Means Committee Chairman Kevin Brady , Education and Workforce Committee Chairwoman Virginia Foxx and others at a budget discussion in March. There is a troubling chasm in the world of work today, and it threatens U.S. prosperity and hopes of strengthening the middle class.
President Donald Trump barged into Senate Republicans' delicate health care negotiations Friday, declaring that if lawmakers can't reach a deal they should simply repeal "Obamacare" right away and then replace it later on. Trump's tweet revives an approach that GOP leaders and the president himself considered but dismissed months ago as impractical and politically unwise.
Economic protectionism has been a big part of President Donald Trump's success, but rather than "winning," it would be a losing proposition for most Americans. House Speaker Paul Ryan, R-Wis., and Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee, have proposed a continuation of this theme in the form of a "border adjustment tax," otherwise known as a tariff, of 20 percent on imported goods.
It's not every day that hospitals and insurers see eye to eye, but there is one thing we agree on - the government must continue to help lower the cost of health care that millions of lower-income Americans receive. The Cost Sharing Reduction payments, which have been paid on a monthly basis to insurers for the past three years, are an integral part of the Affordable Care Act .
Paul Ryan Rep. McHenry filling in as House whip at crucial time Time for US tax code to catch up with competitors The Hill's 12:30 Report MORE is scheduled to give what is being billed as a "major" tax reform speech Tuesday. Steeped in tax and economic policy on his way to assuming the speakership, Ryan is the ideal person to convey the importance of tax reform in jumpstarting our economy.
As I mentioned last week, bad ideas never die in Washington. Take, for example, Ways and Means Committee chairman Kevin Brady's terrible idea of phasing in the border-adjustment tax over five years.
In this May 24, 2017, file photo, House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas speaks on Capitol Hill in Washington. Brady is calling for immediate action to stabilize health insurance markets around the country, even as the GOP-led Congress pursues repeal of the Barack Obama law that created them.
On St. Patrick's Day, Speaker of the House Paul Ryan tweeted a photo of himself and Republican Representative Kevin Brady of Texas, both in green ties, sitting down to sign a resolution headed for President Donald Trump's desk. "This legislation allows states to have drug testing to receive federal unemployment benefits," Ryan tweeted.
The chairman of the House Ways and Means Committee said Friday he's confident Congress can pass tax reform this year. Addressing the Dallas CPA Society's Convergence 2017 seminar, U.S. Rep. Kevin Brady, R-Texas, said approving the first "comprehensive overall tax reform" plan in 30 years will be "the challenge of a generation.