Christian Lawmakers Working to Keep Free Speech, Charitable Contributions in Tax Plan
In a victory for religious liberty advocates, the House voted to include a repeal of the Johnson Amendment in their tax cut bill that passed the House Thursday.
tax
Churches, non-profits could profit politically under House tax bill
Not only would houses of worship be able to more actively promote political candidates, but so would non-profit groups under a section inserted into the House tax bill an hour before it was due for a key vote.
Republicans rally for a ‘comeback,’ push $1.4 trillion tax cut through House
With spines stiffened by a presidential pep talk, House Republicans easily approved a $1.4 trillion tax cut Thursday, taking the first big step toward a decades-overdue overhaul that Republicans hope will send the economy soaring and win back wavering voters.
Supreme Court to decide if religious nonprofit clinics must post abortion signs
The Supreme Court said Monday it will hear a challenge to California’s law requiring pro-life pregnancy counselling centers to also tell women about options for abortion, in a move opponents said amounts to a violation of free speech rights.
Next week: House, Senate move on tax reform
House and Senate Republicans will take up separate tax reform proposals next week as they race to complete legislation by the end of the year.
Senate’s Tax Reform Bill Will Give American Families a $1,500 Tax Cut
The Senate plans to introduce their version of tax reform today, which will give a typical American family a tax cut of nearly $1,500, according to a two-page summary of the bill.
CBO: Obamacare mandate repeal would cut deficit by $338 billion
Repealing Obamacare’s individual mandate would save the government $338 billion over a decade and result in 13 million more uninsured Americans in 2027, according to a new CBO score.
Trump Agrees to Pick Up 90 Percent of Puerto Rico Rebuilding Costs: Aide
President Donald Trump on Thursday agreed to expand the use of disaster aid to rebuild Puerto Rico’s power grid and other infrastructure wrecked by Hurricane Maria, a senior White House official told Reuters.
House GOP Tax Bill Keeps 39.6% Rate for High Earners, Cuts Corporate Rate to 20%
House Republicans’ long-awaited tax overhaul bill will keep the top individual rate at 39.6 percent for high-income earners and will immediately and permanently cut the corporate rate to 20 percent.
GOP’s tax bill cancels $23 billion in credits claimed by illegal immigrants
The new GOP tax overhaul would strip illegal immigrants of the ability to claim several major tax credits, saving the government $23.1 billion over the next decade, according to the bill’s authors.
House GOP delays tax bill rollout
House Republicans postponed the much-anticipated rollout of their tax reform proposal Tuesday night, an ominous sign for a direly needed legislative accomplishment for President Donald Trump and his party.
Senate won’t rule out putting repeal of Obamacare individual mandate in tax bill
Some Senate Republicans aren’t ruling out including a repeal of Obamacare’s individual mandate in a tax reform bill even though leaders of the House effort have nixed the idea in their legislation.
Mueller’s bombshells: Manafort, Gates indictments, Papadopoulos guilty plea
The special counsel investigating Russian meddling in the presidential election last year dropped two bombshells Monday, announcing a guilty plea from a Trump campaign foreign policy adviser to lying to the FBI about contacts with Russian operatives, and unsealing charges of money laundering and tax evasion against two top Trump campaign figures.
Senator Says Repealing Obamacare Mandate Would Save $300 Billion Over Decade
Republican senator Tom Cotton of Arkansas said repealing the Obamacare individual mandate would save $300 billion over the next 10 years.
Trump tax overhaul under intensifying fire as Congress readies bill
President Donald Trump’s plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes.
House backs $4T budget, faces challenges on Trump tax plan
Republicans powered a $4 trillion budget through the House on Thursday by a razor-thin margin, a close vote underscoring the difficulties that lie ahead in delivering President Donald Trump’s promise to cut taxes.
White House eyes 7-cent gas tax hike for infrastructure plan
The White House may back the first hike in the federal gasoline tax in decades in order to pay for President Trump’s $1 trillion infrastructure package.
Government Collects $3.3 Trillion in Taxes in Fiscal Year 2017; Runs $666 Billion Deficit
The federal government collected approximately $3.3 trillion in taxes in fiscal year 2017, but the federal government still ran a $666 billion deficit during that time, according to the latest monthly Treasury Department statement.
Report: GOP Tax Framework Could Raise GDP By 5%, Wages By 7%
President Donald Trump’s tax reform framework could raise GDP by as much as 5 percent and wages by as much as 7 percent, according to a new study from Boston University economists.
Federal tax loophole let Planned Parenthood build clinics financed with ‘abortion bonds’
Federal taxpayer funding generally isn’t allowed to be spent on abortions, but Republicans say they have spotted a loophole in which tax-free municipal bonds have been used to put federal cash on the line in order to help build abortion clinics — including Planned Parenthood’s headquarters in New York.