Kevin Brady

Eyeing Trump taxes, House panel releases Nixon documents
Kevin Brady, top Ways and Means Republican, calls move “a travesty”

House Ways and Means Chairman Richard E. Neal says the Nixon documents show that his own request for the president’s tax returns is not unprecedented. (Tom Williams/CQ Roll Call file photo)

The House Ways and Means Committee on Thursday released documents relating to a Dec. 13, 1973, request by the Joint Committee on Taxation for President Richard Nixon’s tax returns that show five years of returns were provided the same day by the IRS.

Committee Democrats said the significance of the documents is that Nixon’s tax returns and other private tax information were handed over to what was then called the Joint Committee on Internal Revenue Taxation because of authority under Section 6103 of the tax code. 

Oil refiners racing Congress to protect butane loophole
Joint Committee on Taxation now estimates 1-year extension of the alternative fuel credits would cost $7.1 billion

House Ways and Means ranking member Kevin Brady, R-Texas, says Congress should leave it to the courts to decide whether refiners should get an alternative fuel tax credit for butane. (Tom Williams/CQ Roll Call file photo)

For more than a decade, oil refiners didn’t realize what a moneymaker they had in butane — at least for tax purposes.

They do now.

How long is 4 miles in the shadow of the Capitol?
Horton’s Kids brings Congress east of the river, but gap still remains

Nathan Woods came to the Capitol with Horton’s Kids in the 1990s. (Courtesy Horton’s Kids)

Nathan Woods can still hear the gunshots outside his D.C. home in the early ’90s. He grew up in Wellington Park, a neighborhood less than four miles from the lobbying and lawmaking of Capitol Hill.

When he was a sophomore at Woodberry Forest High School, an all-boys boarding school down in Virginia, he got the call: His oldest brother, Errick, had been shot in the head. By the time he got to the hospital, his brother was dead.

House Ways and Means sues to get Trump tax returns
The committee called the government’s refusal to turn over the records ‘an extraordinary attack’ on congressional oversight

Ways and Means chairman Rep. Richard Neal, D-Mass., stops to speak to reporters as he walks down the House steps after the final votes of the week on May 17, 2019. The committee filed a lawsuit Tuesday to quickly enforce its subpoena for President Donald Trump’s tax returns. (Bill Clark/CQ Roll Call file photo)

The House Ways and Means Committee filed a lawsuit Tuesday to quickly enforce its subpoena for President Donald Trump’s tax returns, calling the government’s refusal to turn over the records “an extraordinary attack” on congressional oversight.

The lawsuit in federal district court in Washington is the first legal action from House Democrats to enforce a subpoena among the numerous investigations into the Trump administration launched since taking control of the chamber in January.

Democrats want to eliminate corporate tax cut but their tax measure avoids it
Democrats have plans for spending money raising corporate rate would bring in, but they’ll go nowhere as long as Trump is in the Oval Office

House Ways and Means Chairman Richard Neal, D-Mass., has not included eliminating the corporate tax cut in current moving legislation. (Bill Clark/CQ Roll Call)

There’s no lack of plans from Democrats paid for by undoing at least part of the huge 2017 corporate tax rate cut. But the only Democrat with a tax bill currently moving through Congress is pointedly not talking about revisiting the lower 21 percent rate.

The 14 percentage point rate cut in the 2017 law, which is permanent, was projected to save corporations $1.35 trillion over its first 10 years. 

Photos of the Week: Biden in DC, Trudeau at the Capitol and victory for the Bad News Babes
The week of June 17 as captured by Roll Call’s photojournalists

Democratic candidate Joe Biden speaks during the Poor People’s Moral Action Congress forum for presidential candidates at Trinity Washington University on Monday. (Tom Williams/CQ Roll Call)

This week, Hope Hicks testified behind closed doors, the Canadian prime minister visited the Capitol Building to collect on his bet with Speaker Nancy Pelosi and the Bad News Babes won the annual Congressional Softball Game.

All that and more below. Here’s the entire week in photos:

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.

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.”

Retirement savings bill seeks small business buy-in
Bipartisan momentum for change comes as retirement crisis looms

House Ways and Means Chairman Richard E. Neal’s retirement savings bill would create incentives for businesses to provide access to workplace savings plans for some of the most underserved groups. (Bill Clark/CQ Roll Call file photo)

The House on Thursday will take up what could be the most significant changes in retirement savings policy in more than a decade.

But the bill’s backers acknowledge it’s just an initial step in addressing what critics call a huge hole in Americans’ nest eggs, at a time when traditional pension plans are increasingly rare and Social Security is facing financial headwinds.

Eyeing hotter future, industry lays carbon tax groundwork
Business bigwigs head to the Hill this week to push climate legislation

Advocates for fighting global warming will get a boost from corporate firms advocating for a carbon tax. (Tom Williams/CQ Roll Call file photo)

Representatives from credit card firm Capital One, tech giant Microsoft, home-goods maker Johnson & Johnson and dozens of other companies are coming to Capitol Hill this week to do something unusual: Call for a new tax.

Officials from more than 75 companies will press Congress on Wednesday to pass climate legislation, including a “meaningful” national price on carbon emissions, according to Ceres, a sustainable investment group behind the effort.