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In this Nov. 3, 2017, file photo, House Speaker Paul Ryan, R-Wis., walks on Capitol Hill in Washington. House Republicans on Nov. 6, kick off four days of work transforming their 429-page proposal to revamp the nation's tax code into legislation they optimistically hope to complete by Thanksgiving.
House Speaker Paul Ryan, R-Wis., walks through Statuary Hall to his office on Capitol Hill in Washington, Friday, Nov. 3, 2017. Ryan introduced a far-reaching tax overhaul Thursday that will be a priority for the GOP.
Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn't come to an agreement that would benefit customers and shareholders.
President Donald Trump says he hopes to sign a bill to overhaul the United States tax code by the end of the year. The Tax Cuts and Jobs Act plan introduced this week by House Republicans cuts the number of tax brackets from seven to four; cuts the corporate tax rate from 35 percent to 20 percent; and phases out the estate tax.
House Speaker Paul Ryan is encouraging members of Congress to complete sexual harassment training and require such training for their staffs. Ryan calls reports of sexual harassment by public figures "deeply disturbing" and said Congress "can and should lead by example" to combat harassment.
President Donald Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers in the Cabinet Room of the White House, Thursday, Nov. 2, 2017, in Washington, with House Speaker Paul Ryan, R-Wis., and Chairman of the House Ways and Means Committee Rep. Kevin Brady, R-Texas, right. less President Donald Trump holds an example of what a new tax form may look like during a meeting on tax policy with Republican lawmakers in the Cabinet Room of the White House, Thursday, Nov. 2, 2017, in ... more WASHINGTON - The House Republican tax bill is meant to send trillions in corporate profits overseas pouring back home and, in the process, give the U.S. economy a healthy boost.
Mayoral candidate Joyce Craig said Mayor Ted Gatsas should have made sure officials disclosed the 2015 rape of a West High School student, while Gatsas called comments on the issue the "lowest... Chairman of the House Ways and Means Committee Kevin Brady and Speaker of the House Paul Ryan unveil legislation to overhaul the tax code on Capitol Hill ... (more)
House Republicans on Thursday unveiled a tax cut plan that would slash the corporate rate and lower the personal taxes of most Americans but also limit a cherished deduction for homeowners, as President Donald Trump and the GOP seek to deliver on the first tax revamp in three decades. The proposal would add $1.5 trillion to the nation's debt over the next decade as Republicans largely abandoned fiscal discipline in a plan that could secure a legislative achievement for Trump and score a political win ahead of next year's midterm elections.
House Republicans on Thursday unveiled a tax cut plan that slashes the corporate tax rate, lowers taxes for most Americans but limits a cherished deduction for homeowners as President Donald Trump and the GOP seek to deliver on the first tax revamp in three decades.
Trump wants lawmakers to pass the plan by the end of the year to salvage a key plank of his 2017 agenda. US Republicans have delayed unveiling the Donald Trump-backed tax overhaul until tomorrow, signalling potential trouble ahead as congressional leadership struggles to lock in support for the historic but controversial effort.
News of the first indictments in the investigation by Justice Department special counsel Robert Mueller captivated Capitol Hill on Monday night, just as Republicans were putting the finishing touches on their long-awaited tax bill. House Republicans are expected to release their tax bill Wednesday afternoon after months of work, but the already tough job of passing tax reform could get harder if the President -- the most popular and visible voice within the GOP -- grows distracted by the latest Russia investigation developments and allows it to overshadow the legislative work being done on Capitol Hill.
Speaker of the House Paul Ryan, R-Wis., joined at right by Majority Leader Kevin McCarthy, R-Calif., holds a news conference following a closed-door Republican strategy session at Republican National Committee Headquarters on Capitol Hill in Washington, last month. WASHINGTON – Republicans set an aggressive timeline for passing legislation to overhaul the nation's tax code, putting pressure on senior lawmakers and the White House to resolve major disagreements about the effort before a Wednesday deadline to introduce a bill.
By ANDREW TAYLOR Associated Press WASHINGTON - Republicans powered a $4 trillion budget through the House on Thursday by a razor-thin margin, a close vote underscoring the difficulties that lie ahead in delivering President Donald Trump's promise to cut taxes.
Congress is trying to ram through a bill that would reshape the U.S. economy in just a few short weeks, but its leaders have kept the plan shrouded in secrecy and released not a word of legislative text. Sound familiar? The GOP is handling its tax-overhaul rollout in almost the exact way it did Obamacare and hoping for a different result.
House Speaker Paul Ryan's efforts to kill a deduction as part of a Republican tax overhaul would hit very close to home -- among his constituents with homes on glistening Geneva Lake in his southeastern Wisconsin district. On the shores of the 5,400-acre lake, once a hideout for Chicago mobster George "Bugs" Moran, multimillion-dollar homes have replaced many of the quaint cottages that once dotted the area.
Democratic congressional challengers have posted very impressive fund-raising tallies so far this year. In the last quarter, nearly three dozen Republican incumbents were outraised by at least one Democratic challenger - an astonishing number against sitting members of Congress.
President Donald Trump promised Monday there will be "no change" to tax incentives for the popular 401 retirement programs. The president appeared to be responding to a recent report in The New York Times that Republican lawmakers were considering limiting the amount workers could save in 401 retirement accounts.
President Donald Trump promised Monday there will be "no change" to tax incentives for the popular 401 retirement programs. The president appeared to be responding to a recent report in The New York Times that Republican lawmakers were considering limiting the amount workers could save in 401 retirement accounts.