IRS Budget Stays at $11.1 Billion in Senate Bill

The Senate Appropriations Committee has proposed to set the IRS budget for fiscal year 2018 at $11.1 billion, matching the funding level in the House bill passed earlier this year. As with previous budget allocations, the Senate Appropriations funding includes stipulations that the IRS cannot use funding to target certain groups for regulatory scrutiny –… Read more »

Ryan Mulling Short-Term Spending Bill

Speaker Paul Ryan (R-WI) reportedly wants Congress to finish tax reform before trying to do a year-end budget deal with Democrats. Government funding runs out on Dec. 8 but tax reform might not be done by then. The Senate wants to take up its own tax bill after Thanksgiving and then House and Senate negotiators… Read more »

House Passes Budget, Paves Way for Tax Reform

House Republicans narrowly passed the Senate’s budget plan today, clearing a major hurdle in their quest to overhaul the tax code this year. The budget legislation is a far cry from the plan the House initially passed, which would have required lawmakers to offset the costs of new tax cuts and slash mandatory spending by… Read more »

Senate Readies for Budget Vote This Week

The Senate is in the midst of a 50-hour “vote-a-rama” on various amendments to the budget resolution but appears on track to pass a bill on Friday. Senate Democrats girded for the three-day budget battle by preparing 20-plus amendments that will force Republicans to go on record in support of Medicare and Medicaid cuts to… Read more »

Trump Cuts Debt Ceiling Deal with Democrats

President Trump yesterday struck a deal with Democratic leaders to raise the debt ceiling and fund the government for three months, meaning Congress will need to strike a major bipartisan spending/debt limit deal in December. Congressional Republicans, eager to avoid multiple contentious votes on an issue that divides their rank-and-file members, had initially proposed raising… Read more »