The Senate yesterday rejected a Democratic bid to overturn IRS regulations prohibiting states from creating charitable funds that taxpayers can contribute to in exchange for a state tax credit. The workaround gave taxpayers in high-tax states like New York, New Jersey and California a way to get around the $10,000 cap on state and local… Read more »

The House passed a bill yesterday intended to combat foreign interference in elections. The bill, passed on a 227-181 party line vote, would require campaigns to report illicit offers of campaign assistance from foreign governments and improve the transparency of online political ads. The Strengthening Harmful Interference in Elections for a Lasting Democracy (SHIELD) Act… Read more »

Premiums for the most popular plans sold through the Affordable Care Act insurance marketplaces will drop by 4 percent on average next year, the Trump administration announced this week. The 4-percent price decline marks the second time that average monthly premiums have dropped from year to year since HealthCare.gov launched in 2014. Open enrollment for… Read more »

As the Senate this week began floor debate on bills to fund the government, Democratic leaders called for bicameral discussions to reconcile competing spending allocations for the 12 annual appropriations measures. Given the slow pace of the appropriations process, lawmakers are acknowledging that a second stopgap spending bill will likely be needed to extend funding… Read more »