Tax season has begun, and upper-middle-income taxpayers earning between $120,000 and $200,000 in states with high local taxes are the most likely to be among the 5 percent who paid more last year because of the 2017 law, says Kyle Pomerleau, director of the Center for Quantitative Analysis at the Tax Foundation, a nonpartisan think tank. Doug Sword, CQ’s tax reporter, explains how congressional Democrats, and those running for president, are attacking the law.
CQ senior defense writer John M. Donnelly and Michael Rubin, a former Middle East adviser in the George W. Bush administration who’s now a resident scholar at the conservative American Enterprise Institute, discuss the implications of President Donald Trump’s moves to withdraw U.S. forces from Afghanistan and Syria and the Republican-led backlash in Congress.
CQ Homeland Security Editor Patrick B. Pexton discusses the details of the deal between President Donald Trump and lawmakers to end the shutdown. Max Stier, president of the nonprofit Partnership for Public Service, says it has done lasting damage to the civil service and that Congress must never allow it to happen again.
European officials are expected to fire the first shot in the regulation of cryptocurrencies, with recommendations on what should be done to protect investors and preserve the integrity of financial markets.
Washington tends to work best when one party controls both Congress and the White House. It’s most gridlocked, usually, when control of Congress is split.
The Congress of the past two years demonstrated the first principle. By any honest measure, President Donald Trump and his Republican colleagues in the House and Senate got a lot done in 2017 and 2018.
Year-end holiday giving is make-or-break time for America’s charitable sector. Donors who give now may feel compelled by the spirit of the season, but many of them also know that they can soon write off their gifts on their taxes and recoup a portion of their money.
But that latter incentive affects fewer people this year, thanks to a provision in the 2017 tax law that roughly doubled the standard deduction. As a result, the Congressional Budget Office projects that 31 million fewer households will itemize their taxes next year, eliminating their tax incentive to give to charity.
The turnout for the midterm elections was the highest — 49 percent of those eligible to cast ballots did — since 1914, according to the United States Election Project.
But the enthusiasm was not evenly spread. The number of votes cast in some House districts was much higher than others and it did not depend on the competitiveness of the races.
Nancy Pelosi has won the House Democratic Caucus' nomination to return as speaker in January, proving herself a formidable opponent to those in the party who'd depose her. Molly Reynolds, a fellow at the Brookings Institution think tank, unpacks the incentives Pelosi is deploying to get to a majority, and secure the speakership, when the full House votes in January.
Shannon Bream, host of Fox News @ Night, answers the tough questions about Fox's ideological approach to journalism amid growing public concern about heated political rhetoric. Her show is part of Fox News' prime-time lineup that in October reached more than 2.8 million cable viewers a day. In a 20-minute interview, Bream discusses a wide range of issues related to the politicization of the media on the left and right.
The midterm elections are just days away and both Republican and Democratic aides are hoping for the best.
In their responses to CQ’s Capitol Insiders Survey, half of Republican aides said their party would retain the House majority. That’s optimistic. Political prognosticators give the GOP little hope of that, given the large number of House GOP retirements and the antipathy toward President Donald Trump in suburban districts. The website FiveThirtyEight puts chances of a GOP House majority at 17 percent.
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