taxes

Trump kicks off re-election bid that could extend key legal protections into 2025
Federal statute of limitations on Mueller’s findings would expire in second term, ex-U.S. attorney says

President Donald Trump, here at a rally in Pennsylvania last month, kicked off his 2020 re-election campaign at a rally in Orlando, Fla., on Tuesday. (Tom Williams/CQ Roll Call file photo)

President Donald Trump on Tuesday night started his re-election bid, ending years of speculation that he might return to private life and opt out of seeking a second term that could provide him legal protections into 2025.

Political operatives since before he took office have suggested the 73-year-old former real estate mogul and reality television host might tire of the grueling job of president, choosing to enjoy running his businesses alongside his children in Manhattan and his various resort properties around the world. He put an end to that talk Tuesday during a raucous campaign rally in Orlando, Florida.

Trump targets Florida electoral haul with Orlando campaign kick-off
Booming and diverse state presents challenge, and is key to re-election bid

Bikers after a Republican rally in Orlando, Fla., last November. For President Donald Trump, any hopes of winning a second term depend on him winning Florida and its 29 electoral votes again. (Tom Williams/CQ Roll Call file photo)

President Donald Trump will pull out all the stops Tuesday in Orlando, Florida, when he announces his re-election bid in a state he narrowly won in 2016 and needs again as he tries to reconfigure the electoral map that put him in the White House.

But Democrats are already countering his expected message of a strong economy and tough trade tactics, arguing that Trump’s tariffs are hurting middle-class voters and causing battleground states to shed jobs. That’s the message the party and many of its 2020 candidates are pushing in hopes of reversing Hillary Clinton’s 1-point loss in the Sunshine State three years ago. 

Buffeted by trade winds, soybean farmers seek tax credit renewal
Industry ‘would be wiped out‘ if tariffs on Argentine competitors were lifted, Rep. Kind says

Freshman Iowa Rep. Abby Finkenauer, center, is seeking to restore the biodiesel credit (Bill Clark/CQ Roll Call file photo)

One bright spot in an otherwise dreary outlook for U.S. soybean farmers, caught in the ongoing China trade war crossfire, has been the 1.5 gallons of biodiesel — a cleaner-burning alternative to traditional diesel motor fuel — that each bushel of soybeans yields.

Protected on one side by the EPA’s renewable fuels mandate and by steep import tariffs on the other, some biodiesel producers were able to post profits last year despite the lapse of the industry’s coveted $1 per gallon tax credit for the sale or use of the fuel.

US-Mexico tariff talks resume Friday as implementation looms Monday
House Ways and Means chairman says if Trump imposes tariffs, he’ll introduce resolution to repeal them

Democratic Rep. Richard Neal, chairman of the House Ways and Means Committee, said he’ll introduce a resolution of disapproval to repeal President Donald Trump’s tariffs against Mexico if they go into effect on Monday. (Caroline Brehman/CQ Roll Call file photo)

Mexico and the U.S. will continue talks Friday about efforts to curb the flow of Central American migrants to the southern U.S. border, Mexican Foreign Secretary Marcelo Ebrard said in a short statement late Thursday.

Mexico is trying to reach an agreement with the U.S. on migration in order to avoid a series of escalating tariffs President Donald Trump has threatened to impose on all Mexican imports. The first round of tariffs would begin Monday with a 5 percent duty on imports ranging from fruits to machinery.

Trump: ‘Something pretty dramatic’ could happen with Mexico as tariffs loom
POTUS to allies at D-Day anniversary event: ‘Our bond is unbreakable’

President Donald Trump throws a MAGA hat to the crowd during a rally at the Williamsport Regional Airport in Montoursville, Pa., in May. He has been critical and upbeat about talks with Mexico that could prevent his proposed tariffs. (Tom Williams/CQ Roll Call file photo)

President Donald Trump on Thursday breathed life into Republican members’ hopes that his administration might opt against imposing tariffs on goods entering the country from Mexico. And he also took a shot at Republican lawmakers who oppose the tariffs.

Mexican government officials met Wednesday at the White House with Vice President Mike Pence, Secretary of State Mike Pompeo and other administration officials. The two sides are slated to meet again Thursday — though Pence is scheduled to travel to Virginia and Pennsylvania for D-Day anniversary and political events.

Republicans eager to avoid getting stuck between Trump and tariffs on Mexico
There might be enough votes to terminate a national emergency

Sen. Cory Gardner, R-Colo., said, “I don’t think tariffs anywhere are a good idea.” (Bill Clark/CQ Roll Call file photo)

Congressional Republicans are caught between the Koch brothers and President Donald Trump on a closer-by-the-day trade war, and are uneasily weighing their options to nullify Trump’s proposed tariffs on Mexican imports. 

On Tuesday afternoon, the Koch-backed Americans for Prosperity and the LIBRE Initiative sent a letter pushing congressional leaders to stand up against what they characterized as tens of billions of effective tax increases, including from Trump’s potential 5 percent tariffs on imports from Mexico (and which could grow to more than 25 percent).

Republican rebellion over Mexico tariffs overshadows Trump’s European visit
As D-Day ceremonies begin, GOP members send a rare warning to the president

House Ways and Means ranking member Kevin Brady and other Republicans broke Tuesday with President Donald Trump on his planned tariffs on goods entering the country from Mexico. (Bill Clark/CQ Roll Call file photo)

President Donald Trump’s latest tariff war sparked a rare rebellion by Republican lawmakers on Tuesday, stealing the spotlight from his state visit to the United Kingdom and threatening to intrude on the ceremonies marking the 75th anniversary of the D-Day invasion in Normandy, France.

“On the proposed Mexico tariffs, look, there is a window here,” House Ways and Means ranking member Kevin Brady said Tuesday of escalating tensions over the tariff threat. “Negotiations, and what I’ve heard constructive negotiations, are occurring as we speak with Mexico representatives in Washington right now.”

Sen. Wyden threatens to hold up Treasury nominees over Trump tax returns
Oregon Democrat describes response from department as “wholly unacceptable”

Sen. Ron Wyden, D-Ore., is threatening to hold up Treasury nominees after receiving what he called a “wholly unacceptable” response from the department to his questions on President Donald Trump’s tax returns. (Bill Clark/CQ Roll Call file photo)

Senate Finance ranking member Ron Wyden threatened to hold up Treasury Department nominees after receiving an “unresponsive and wholly unacceptable” response to questions he posed about the department’s refusal to release President Donald Trump’s tax returns.

“If the Treasury Department refuses to answer our questions, I am prepared to again place a hold on department nominees as I did previously when routine requests for information went unanswered,” the Oregon Democrat said in a statement Thursday.

Trump, Biden and the battle for Pennsylvania
‘Biden deserted you,‘ president roars in Montoursville rally, as former veep sets up shop in Philly

Former Vice President Joe Biden removes his jacket at the Eakins Oval in Philadelphia on Saturday as he formally kicks off his 2020 White House bid. (Tom Williams/CQ Roll Call)

ALLENTOWN, Pa. — Three times President Donald Trump mentioned former Vice President and Pennsylvania native Joe Biden, the 2020 Democratic front-runner, and three times his crowd of loyalists booed at a rally Monday night in Lycoming County. But it is swing voter-rich places, like the one here in Lehigh County, two hours to the southeast, that will help determine who is president in January 2021.

Biden clearly has attracted the president’s attention since he jumped into his party’s race to take on Trump in the general election.

Senate, House start to chip away at ‘kiddie tax’ hike
Increase for low-income children was an unintended consequence of 2017 tax overhaul

Sen. Bill Cassidy, R-La., is leading the Senate effort to repeal the “kiddie tax” increase for military survivors in Gold Star families. (Tom Williams/CQ Roll Call file photo)

Both chambers are moving to reverse tax law changes that unintentionally subjected investment earnings of low-income children to the same tax rates paid by wealthier households.

The House, which under the Constitution must originate revenue bills, plans to act later this week on a broader retirement savings bill that would eliminate the full set of changes to the so-called kiddie tax made by Republicans in the 2017 tax overhaul.