Brady Expects Technical Corrections Bill Next Year

As congressional Republicans continue to fast-track a massive overhaul of the tax code before the end of the year, House Ways and Means Committee Chairman Kevin Brady acknowledged that Congress will likely have to take up legislation next year to fix any glitches and unintended consequences in the bill. “I’m certain there will be technical… Read more »

Republicans Strike Deal on Tax Bill

Congressional Republicans say they have hashed out the final details of their sweeping tax bill and are planning to hold final votes on the conference committee report early next week. The negotiated plan includes a 21 percent corporate tax rate and a 37 percent top tax rate for individuals, beginning in 2018. “Pass-through” businesses that… Read more »

Ways and Means to Discuss IRS Restructuring

The House Ways and Means Oversight Subcommittee has scheduled a hearing Dec. 13 to discuss ways to restructure the IRS. Oversight Subcommittee Chairman Vern Buchanan (R-FL) said he is working on legislation that could be introduced next year that would make changes to the agency. Congressional Republicans have cut the IRS budget by nearly 20… Read more »

GOP Leaders Tamp Down Shutdown Talk

The House is set to vote today on a short-term funding bill to keep the government open for another two weeks and prevent a shutdown. Speaker Paul Ryan (R-WI) said he’s confident Republicans have the votes to pass a continuing resolution to fund government agencies until Dec. 22, buying lawmakers more time to send a… Read more »

Conferees to Discuss Changes to Tax Bill

Congressional leaders have named the conferees who will work to narrow differences between the House and Senate tax bills. House Ways and Means Committee Chairman Kevin Brady (R-TX) signaled he is open to discussing major changes to the bill in conference, including whether to hike the corporate tax rate to 22 percent from the current… Read more »