businesses

Ethics Committee Orders Markwayne Mullin to Pay Back $40,000
Oklahoma Republican instructed to pay back family business

Rep. Markwayne Mullin, R-Okla., must pay back income received from his family business following a House Ethics investigation. (Tom Williams/CQ Roll Call)

The House Ethics Committee has called for Rep. Markwayne Mullin to return $40,000 to his family business, Mullin West, following a review that concluded the money was paid out to him in a manner that is out of compliance with House rules and the committee’s recommendations.

The report released Friday by the House Ethics panel determined that Mullin made a “good faith” effort to seek informal guidance on issues related to his family businesses, but he didn’t take action on the guidance he received. The committee determined that an accounting error led Mullin to “inadvertently fail to fully follow part of the Committee’s advice,” according to the report.

Podcast: What Businesses Have to Gain From the Tax Overhaul
The Week Ahead, Episode 78

Chairman Kevin Brady, R-Texas, left, and Rep. Richard Neal, D-Mass., ranking member, conduct a House Ways and Means Committee markup of the Republicans' tax reform plan titled the Tax Cuts and Jobs Act, in Longworth Building on November 9, 2017. (Photo By Tom Williams/CQ Roll Call)

Rachelle Bernstein of the National Retail Federation and a long time voice on tax policy around Capitol Hill explains what businesses, large and small, are looking for in the tax overhaul and the lessons learned from the Bush-era tax cuts.

Show Notes:

GOP Tax Messaging Heavy on Business Benefits
‘It all leads to the same end,’ speaker said of trickle-down effect of tax legislation

Speaker Paul D. Ryan and Rep. Andy Harris speak to employees at Dixon Valve & Coupling Company about the GOP’s still developing tax legislation. (Thomas McKinless/CQ Roll Call)

CHESTERTOWN, Md. – “Cutting taxes is great for the businesses to make businesses more money. But how is that going to lower my taxes, or make sure it comes down to me?” That was the question a 20-year-old Dixon Valve & Coupling employee posed to Speaker Paul D. Ryan on Thursday.

Visiting the company’s headquarters to promote the GOP’s still developing tax legislation, Ryan told the employee that he plans to lower taxes on individuals so they take home more of their paychecks. Then he quickly pivoted back to his primary message.