WASHINGTON (AP) — Reconsideration of jobless aid is fast becoming the focus of congressional debate over the next virus aid package
WASHINGTON (AP) — President Donald Trump and Senate Majority Leader Mitch McConnell huddled Thursday at the White House as Republicans stake out new plans to phase out coronavirus-related ...
WASHINGTON (AP) — House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress last year. They're aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026.
WASHINGTON (AP) — House Republicans have launched an effort to expand the massive tax law they muscled through Congress last year, aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026.
WASHINGTON (AP) — House Republicans have launched an effort to expand the massive tax law they muscled through Congress last year, aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026.
ST. LOUIS (AP) — The Latest on President Donald Trump's visit to St. Louis (all times local):
7 p.m.
President Donald Trump is trying to turn attention back to tax cuts and away from the staffing turmoil in his administration, promising that more tax relief is on the way.
Speaking Wednesday at a Boeing factory in St. Louis with two fighter jets as his backdrop, Trump celebrated the impact of last year's tax cut bill.
Brady: New Tax Code for New Era of Prosperity
WASHINGTON (AP) — The chairman of the House's tax-writing committee said Sunday that he's confident that chamber won't go along with the Senate's proposal to eliminate the deduction for property taxes, setting up a major flashpoint as Republicans aim to put a tax cut bill on President Donald Trump's desk before Christmas.
The GOP is moving urgently to push forward on the first rewrite of the U.S. tax code in three decades, but key differences promise to complicate the effort.
WASHINGTON (AP) — After a day of partisan bickering over whether the Republicans' sweeping tax plan would truly help the middle class, a key House panel on Monday approved late changes. Lawmakers restored the tax exemption for employees receiving child care benefits from their companies, but also put new requirements on a tax credit used by working people of modest means.
WASHINGTON (AP) — The Latest on the Republican tax-cutting plan (all times local):
8:15 p.m.
A key House panel has approved late changes to the Republicans' sweeping tax overhaul plan.
They restored the tax exemption for employees receiving child care benefits from their companies, but also put new requirements on a tax credit used by working people of modest means.
Tax-writing Committee Takes on GOP Overhaul Plan
WASHINGTON (AP) — House Speaker Paul Ryan said Republicans are discussing whether their tax plan should include a repeal of the Obama health law's requirement that people have insurance coverage or face a penalty, a step pushed by President Donald Trump but seen by some GOP lawmakers as possibly imperiling a much-needed legislative victory.
WASHINGTON (AP) — The Latest on the GOP tax bill (all times local):
9 p.m.
A change made Wednesday to the Republican tax plan would mean less generous cuts for many Americans.
The House's top tax-writer, Rep. Kevin Brady, has released a revised version of the bill that would impose a new, lower-inflation "chained CPI" adjustment for tax brackets immediately instead of in 2023. That means more income would be taxed at higher rates over time.
WASHINGTON (AP) — House Republicans on Friday quietly made changes to their far-reaching tax overhaul: Now its tax cuts would be less generous for many Americans.
WASHINGTON (AP) — How much of the House GOP tax plan is tailored to benefit America's middle class? That's uncertain based on the details that have been provided so far.
What is clear is that many of the benefits for the middle class could dwindle over time, even while companies and wealthy individuals could enjoy lasting tax advantages.
The plan promises tax savings next year of $1,182 for a typical household of four with gross income of $59,000, leaving their tax bill at $400.
WASHINGTON (AP) — The Latest on the Republican tax overhaul effort (all times local):
6:20 p.m.
House Republicans are leaving intact 401(k) retirement plans popular with the middle class.
That's according to a senior House GOP lawmaker. The development comes as Republicans are scrambling to assemble a complete draft of their long-awaited plan to dramatically rewrite the tax code.