In a move that has lately become a Congressional norm, the House plans to vote on an interim spending bill Thursday, racing to beat a Friday midnight deadline to fund the government or face a shutdown.
With less than 48 hours to reach an agreement, Democrats and Republicans are split on funding for the Children’s Health Insurance Program (CHIP) and community health centers, disaster relief, defense spending, as well as a solution for undocumented immigrants brought to the country as...
Republicans
House set to pass tax bill as Trump awaits first big legislative victory
Bill that would add more than $1tn to deficit, end key element of Obamacare, and open Alaska wildlife reserve to drilling would then head to Senate
House Republicans are poised to pass a major tax bill on Tuesday, which would set the stage for Donald Trump to achieve his first major legislative success in office.
The legislation, finalized in a conference report last week, would lower the top rate on families and individuals to 37% and the top rate on corporations to 21%.
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The Trump administration’s long-awaited analysis of the GOP tax plan has bad news for Republicans
On Monday, the U.S. Treasury Department finally released its analysis of the GOP tax plan: a single page report that essentially concedes the analysis by the Joint Committee on Taxation is correct.
According to the Treasury analysis, the tax plan will cost an estimated $1.5 trillion dollars, while raising only $408 billion in revenue, leaving the country $1 trillion in the hole. This eviscerates any notion that the GOP plan will pay for itself, as previously suggested by administrat...
