taxes

Senate Finance Staff — Old and New — Ready for Tax Challenge
Staffers promoted to replace departed colleagues

From left, Senate Finance majority staffers Jay Khosla, Jeff Wrase, Jen Kuskowski, Julia Lawless, Chris Armstrong, Mark Prater, and Shane Warren in the committee’s Dirksen hearing room. (Tom Williams/CQ Roll Call)

“A little bit like Bill Belichick.”

That’s how Jay Khosla, the new staff director for the Senate Finance Committee, described the personnel management style of Chairman Orrin G. Hatch.

Podcast: Lifting the Spending Caps
Budget Tracker Extra, Episode 31

House Budget Committee Chairwoman Diane Black, R-Tenn., and Ranking Member John Yarmuth, D-Ky., listen to testimony by OMB Director Mick Mulvaney during a committee hearing on May 24, 2017. (Photo By Tom Williams/CQ Roll Call)

Lawmakers on both sides of the aisle would like to lift the spending limits established by law, says CQ budget reporter Jennifer Shutt, adding that it's just the latest budget issue to confront lawmakers along with passing a budget resolution and a tax overhaul.

 

Trump Casts Doubt on GOP Clearing 60-Vote Hurdle in Senate on Tax Bill
Criticizes UK officials after terror attack on London

President Donald Trump speaks during a meeting with Senate Republicans in the East Room of the White House on June 27. On Friday, he again called for Senate GOP leaders to change the rules so legislation can pass with 51 votes; the president said Republicans “can't get” to 60 votes. (Alex Wong/Getty Images file photo)

President Donald Trump on Friday declared Senate Republicans “can’t get” 60 votes in the Senate and again urged GOP leaders to alter rules for major legislation.

He followed his Twitter rant against Senate Republicans with his first comments on Friday’s terrorist attack in London to criticize British security officials.

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Capitol-Ink-09-14-17

How the Calendar Puts Pressure on GOP’s Tax Effort
Party wants to avoid health care-style debacle, Ryan says

House Ways and Means Chairman Kevin Brady talks with reporters in the Capitol on Wednesday after a meeting of the House Republican Conference. (Tom Williams/CQ Roll Call)

Republican lawmakers for months have been talking about a tax overhaul with a sense of urgency, but those words have yet to translate into action.

President Donald Trump seems to want to kick-start the legislative process and took to Twitter on Wednesday with some encouragement. “Move fast Congress!” he tweeted, followed by: “Go Congress, go!”

White House Aide Walks Back Trump’s Tax Hike for Rich Remarks
Democrats’ reactions, however, to president’s words were positive

President Donald Trump (right) meets with Democratic and Republican members of Congress, including Rep. Josh Gottheimer (left), D-N.J., in the Cabinet Room of the White House on Wednesday. A couple hours later, a senior aide sought to clarify his remarks. (Win McNamee/Getty Images)

Hours after President Donald Trump suggested he would be fine with a tax bill that raised rates on the richest Americans, a senior White House aide tried to walk back the idea. 

At the start of a mid-afternoon meeting with Republican and Democratic lawmakers, Trump told reporters that the wealthiest Americans “will not be gaining at all with this plan.”

Trump Open to Bigger Tax Bill for Richest Americans in Pursuit of Dems
President: ‘The rich will not be gaining at all with this plan’

President Donald Trump expressed a willingness to raise tax rates on the wealthiest Americans Wednesday. (Drew Angerer/Getty Images)

Updated at 6:19 p.m. | Eager to garner Democratic support for a still-emerging tax overhaul package, President Donald Trump on Wednesday expressed a willingness to send larger tax bills to the wealthiest Americans.

During a meeting with lawmakers from both parties, Trump pledged that he wants lawmakers to craft a bill focused on slashing middle-class tax rates and doing things to create jobs — code for a dramatic corporate tax rate cut.

Ted Cruz Lays Marker on Tax Reform
Texas Republican wants tax bill that repeals Dodd-Frank

Texas Sen. Ted Cruz wants a tax overhaul package that goes much further than what is being developed. (Bill Clark/CQ Roll Call File Photo)

Updated 1:54 p.m. | Laying down a conservative marker for overhauling the tax code, Sen. Ted Cruz is calling on tax writers to go much bolder than they probably intend.

The Texas Republican wants to use as long as a 30-year budget window for a reconciliation bill that would be focused on tax cuts, rather than on a deficit neutral proposal. But the unlikeliest of the Cruz proposals is using the same reconciliation vehicle to roll back the Dodd-Frank financial regulatory law.

House Republicans Told Tax Details Are Coming
Ryan says outline being prepared

From left, House Speaker Paul D. Ryan, Reps. Tom Graves of Georgia and Michael McCaul of Texas, and House Republican Conference Chairwoman Cathy McMorris Rodgers conduct a news conference in the Capitol on Wednesday after a conference meeting. (Tom Williams/CQ Roll Call)

House and Senate tax writers plan to release the week of Sept. 25 an outline detailing their points of consensus with the administration on how to overhaul the tax code, Speaker Paul D. Ryan said Wednesday.

The Wisconsin Republican said House Ways and Means Chairman Kevin Brady announced the intent to release more details of the still-developing tax overhaul plan during Wednesday’s House Republican Conference meeting.

Trump Smiles With Manchin at Bipartisan Senate Tax Dinner
West Virginia Democrat posts photograph with the president

President Donald Trump posed for a photo with Democratic Sen. Joe Manchin III Tuesday evening. (Photo Via Manchin on Twitter)

Many Democrats might not want to be photographed alongside a smiling President Donald Trump, but then there’s Joe Manchin III.

Trump has been very popular in Manchin’s West Virginia. And Manchin was one of three Democratic senators who showed up for dinner and a tax overhaul discussion with the president Tuesday evening.