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The settlement announced on Friday by California Attorney General Xavier Becerra was the latest by RBS aimed at resolving claims stemming from its sale of mortgage-backed securities, which were at the heart of the 2008 financial crisis. Becerra's office said those securities were typically backed by thousands of mortgage loans of varying quality in which the buyer relied on the assurance that those mortgages were carefully screened and were not overly risky.
President Trump on Friday signed the Republican tax bill that passed through Congress earlier in the week, just before leaving to spend the Christmas holiday at his Mar-a-Lago resort in Florida. The signing cements the first major legislative accomplishment of his administration, after a tumultuous year that was dominated by coverage of the probe into Russian interference in the 2016 election.
For the first in more than 30 years, major changes to the U.S. tax code are on track to become law as early as the New Year. A final vote in the U.S. House on the 2017 Tax Cuts and Jobs Act was scheduled for Wednesday afternoon.
GOP lawmakers gear up to vote on massive tax reform: From child credits to corporate tax, here's what's in and what's out. After coming to an agreement on a final version of the new tax reform legislation, members of the House of Representatives and Senate are voting on the bill on Tuesday.
In fact, if the GOP tax plan becomes law, we may be looking at a future where our 1,600 richest hold more wealth than the nation's entire middle class. The wealth of America's middle class, under siege for four decades, is now hanging on life support.
The Senate and House of Representatives are set to vote on the consolidated tax reform bill this week. With its passage looking likely, it will then head to President Trump's desk for signing shortly before Christmas.
For decades, the tax code has been filled with rewards for homeownership. Tax breaks encourage people to get into first homes and to trade up as they get older, building a national mind-set that you're never quite part of the middle class until you've qualified for a mortgage.
House and Senate negotiators released the final version of their tax bill late yesterday , and after several tweaks to satisfy wayward Republican Senators it appears to be on track to pass both chambers of Congress next week and head to the President's desk before the Christmas break: Republican lawmakers appeared to secure enough votes on Friday to pass the most sweeping tax overhaul in decades, putting them on the cusp of their first significant legislative victory as leaders geared up to pass a $1.5 trillion tax cut along party lines and send it to President Trump by Christmas.
Republicans in Congress have blended separate tax bills passed by the House and Senate into compromise legislation that seeks to achieve a sweeping overhaul of the nation's tax code. GOP leaders are looking toward passage of the final package by the House and Senate next week, with the aim of sending the measure to President Donald Trump to sign before Christmas.
Confident congressional Republicans forged an agreement Wednesday on a major overhaul of the nation's tax laws that would provide generous tax cuts for corporations and the wealthiest Americans -- Donald Trump among them -- and deliver the first major legislative accomplishment to the GOP president.
This Sept. 27, 2017 file photo shows Senate Majority Leader Mitch McConnell, R-Ky., center, joining Speaker of the House Paul Ryan, R-Wis., and other GOP lawmakers to talk about the Republicans' proposed rewrite of the tax code for individuals and corporations, at the Capitol in Washington.
Congressional Republicans on Tuesday rushed toward a deal on a massive tax package that would reduce the top tax rate for wealthy Americans to 37 percent and slash the corporate rate to a level slightly higher than what businesses and conservatives wanted. In a flurry of last-minute changes that could profoundly affect the pocketbooks of millions of Americans, House and Senate negotiators agreed to expand a deduction for state and local taxes to allow individuals to deduct income taxes as well as property taxes.
This Sept. 27, 2017 file photo shows Senate Majority Leader Mitch McConnell, R-Ky., center, joining Speaker of the House Paul Ryan, R-Wis., and other GOP lawmakers to talk about the Republicans' proposed rewrite of the tax code for individuals and corporations, at the Capitol in Washington.
Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away. "I would be dramatically affected," she said.
Over the past two weeks, conservative media has been warning of a new menace loose in the corridors of Washington, a " It's the type of conspiracy theory popular in Facebook groups and Reddit forums that cater to fringe paranoia. But in this case, these ominous concerns are coming from Republican senators.
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.