House to Vote on Short-Term CR Today

Fresh off their tax reform victory, GOP leaders are trying to avert a government shutdown by bringing a short-term funding bill to the House floor today. Speaker Paul Ryan (R-WI) is working to soothe his fractured caucus, some of whom are upset that leadership is not trying to pass full-year funding for the Pentagon. Ryan… Read more »

GOP Delivers Tax Bill to Trump

Congressional Republicans yesterday passed the most sweeping overhaul of the tax code since 1986, delivering a much-needed legislative victory to the GOP and President Trump before the holidays. The plan cuts the corporate tax rate dramatically and will lower taxes for the vast majority of American families in 2018, though critics have pointed out that… Read more »

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 »