Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
That's what Gary Cohn -- one of the chief salesman of the Trump administration's sweeping efforts to overhaul the tax code -- told CNBC's John Harwood in an exceptionally revealing interview yesterday that could end up costing Republicans politically in the long term. The House bill -- which got out of the Ways and Means Committee yesterday -- has already been criticized for giving away too much to the wealthy and businesses in lieu of lasting relief to the middle-class.
It happens every municipal election cycle. Everyone drags out the mystic runes and Ouija boards to try and divine what it all means for the next state and federal elections.
The Senate passed a resolution Thursday requiring senators, staff and interns to participate in mandatory sexual harassment training, as lawmakers and staff have grown increasingly outspoken about widespread predatory behavior on Capitol Hill. The resolution, which passed by unanimous consent, marks the first real step either chamber has taken to change training rules on sexual harassment for congressional offices.
A proposed tax plan before the U.S. House would add nearly $1.7 trillion to a national debt that already exceeds $20 trillion, according to Sen. Joe Manchin.
The $83.7 billion a Chinese firm plans to spend developing West Virginia's shale natural gas resources exceeds the total value of all goods and services produced in the state each year.
A year after his election, President Trump remains wildly unpopular in California, and the state's voters are split over whether members of Congress should work with him when possible, a new USC Dornsife/Los Angeles Times poll has found. The percentage of voters seeking cooperation overall - 47% - dropped somewhat when it came to Trump's immigration policies, which the state's Democratic officeholders have fought with legislation and lawsuits.
Yet in the span of a tumultuous afternoon, a low-profile special election became a Republican nightmare that threatens a once-safe Senate seat - and offers a new window into ugly divisions that continue to plague the GOP in the age of President Donald Trump. Republican Senate candidate Roy Moore, a 70-year-old former state Supreme Court justice, defiantly denied allegations of decades-old sexual misconduct with minors published Thursday in a Washington Post story.
Senate Republicans released their own version of a tax plan Thursday, and it varies just enough from the House's bill to set the two chambers up for a dramatic showdown over tax policy in upcoming weeks. The Senate tax bill includes more individual tax brackets than the House bill as well as fully repeals the state and local tax deduction, which has become a must-save item for moderate Republicans in the House.
A U.S. lawmaker dropped a remark this week that illustrated how NAFTA is not the No. 1 economic priority in Washington these days, obscured by another paramount prerogative.
Nearly two dozen House Republicans on Thursday pressed Speaker Paul Ryan to act quickly on legislation that would protect about 800,000 illegal aliens brought to the United States as children. The lawmakers said efforts to grant such deportation protection would easily pass in the House, with dozens in the GOP set to join Democrats in backing such a bill.
Senate Republicans on Thursday unveiled a plan to overhaul the U.S. tax code that would delay an immediate corporate tax cut President Donald Trump has demanded and scrap House Republicans' carefully crafted compromise on a contentious tax deduction. GOP Senate leaders unveiled a tax package that would delay cutting the corporate tax rate from 35 percent to 20 percent until 2019.
The political hypocrisy of crony capitalism - touting market capitalism while making taxpayers fund corporate welfare - is a rare and unfortunate case of bipartisan consensus. Republicans openly embrace it, but many Democrats also fall prey to government-guaranteed corporate capitalism when they believe it to be politically expedient.
At Smith College, academic Loretta Ross recently gave a talk on, "Connections Between Far Right, Religious Right, Economic Conservatives, Libertarians, and Traditional Bigotry." Ross is just the latest example of writers and academics who mistakenly conflate libertarianism and the alt-right.
Citizens have been swamped by the tidal wave of corruption associated with or emanating from the Trump campaign and presidency, but late last week brought affirmation of a long-held belief that Hillary Clinton and the Democratic National Committee rigged the primary campaign against populist Bernie Sanders. The revelations emanated from none other than Donna Brazile, the woman who sat in as the DNC's chair after Debbie Wasserman Schultz was deposed for exactly the corruption Brazile now exposes.
New Hampshire's governor and members of the state's congressional delegation will come together to remember the nation's veterans. Republican Gov. Chris Sununu will offer remarks Saturday starting at 11 a.m. at the New Hampshire Veterans Cemetery in Boscawen.
In the wake of the attack at a church in Sutherland Springs, Texas, last weekend that left 26 people dead and investigators unable to access the shooter's encrypted phone to search for possible leads, Deputy Attorney General Rod Rosenstein made clear in a speech Thursday that he is prepared to do battle with technology giants to get whatever might be stored on that device. "Nobody has a legitimate privacy interest in that phone.
Russian agents on Twitter attempted to deflect bad news around President Trump's election campaign in October 2016 and refocused criticism on the mainstream media and the Clinton campaign, according to an exclusive AP analysis of an archive of deleted accounts. Russian agents on Twitter attempted to deflect bad news around President Trump's election campaign in October 2016 and refocused criticism on the mainstream media and the Clinton campaign, according to an exclusive AP analysis of an archive of deleted accounts.
As it has so often in the past, Congress is making the end of the year difficult for accountants and tax practitioners, dragging tax legislation out to the last minute with a maximum of confusion and a minimum of advanced warning. The simultaneous release on Thursday of the Senate's proposals for tax reform and the House Ways and Means Committee's markup of an earlier House bill may bring the tax reform process closer to some kind of end, but they provide few, if any, actionable items for tax professionals to bring to their clients, and in fact may end up threatening the entire reform effort.