Taxes

Freedom Caucus May Push for More Than Tax Overhaul in Next Budget
Reconciliation instructions for overhauling welfare system among issues caucus plans to discuss, Meadows says

Rep. Mark Meadows signs pictures taken of him with constituents to send the constituents as a thank you for their time. (Lindsey McPherson/CQ Roll Call)

ASHEVILLE, N.C. — Members of the conservative House Freedom Caucus are considering a push for broader reconciliation authority in the upcoming fiscal 2018 budget resolution that would allow Republicans to pursue policies beyond a tax code overhaul.

“We believe that writing the instructions more broadly will give us greater flexibility not only to get tax reform but also to address other areas simultaneously,” Freedom Caucus Chairman Mark Meadows said in an interview here Friday.

Trump Tax Plan Sets Up Another Battle With Congress
President would lower corporate rate, slash individual brackets from 7 to 3

President Donald Trump delivers remarks in the State Dining Room at the White House on Monday. On Wednesday, he laid out his tax overhaul plan. (Chip Somodevilla/Getty Images)

By JOHN T. BENNETT and LINDSEY McPHERSON, CQ Roll Call

The Trump administration on Wednesday rolled out a massive package of tax rate reductions and code changes. Senior officials claimed it will “pay for itself,” even though details remain murky and a fight with Congress lies ahead.

Tax Overhaul Not Immune to GOP Infighting
Border adjustment tax among issues that could cause intraparty stress

House Republicans may experience significant intraparty disagreements over their upcoming tax overhaul effort. (Tom Williams/CQ Roll Call)

Republicans have said a tax code rewrite will be easier than the health care overhaul that continues to elude them. Whether or not that proves true, a few intraparty battles likely lay ahead on taxes.

The GOP is united around the goal of a tax code overhaul. Republican lawmakers used Tax Day on Tuesday to highlight their shared vision for cutting tax rates, simplifying the code and spurring economic growth.

Wittman Answers Questions at Public Forum, Constituents Hold Mock Town Hall
Republican congressman says he favors smaller-scale meetings over massive town halls

Rep. Rob Wittman, R-Va., leaves a meeting of the Stafford County Board of Supervisors in Stafford, Va., on April 18, 2017. (Tom Williams/CQ Roll Call)

STAFFORD, Va. — Rep. Rob Wittman provided an update on congressional affairs to the local governing body here Tuesday evening. It was his fifth constituent meeting of the day.

Meanwhile, just over 30 miles northwest in Nokesville, Virginia, citizens held a mock town hall to discuss the congressman’s voting record.

Schumer Joins Calls for President to Release Tax Returns
Minority Leader: Failure to disclose makes passing tax reform ‘much harder’

Senate Minority Leader Chuck Schumer says President Trump could wreck a major campaign pledge, a package of tax code changes and rate cuts, if he keeps his own returns secret. (Bill Clark/CQ Roll Call)

The top Senate Democrat on Tuesday joined calls for President Donald Trump to release his tax returns, warning that a failure to do so could sink what was a major campaign promise.

Should the president opt to continue keeping his full personal financial picture secret, it would make any package of tax code changes and rate cuts “much harder to pass,” said Minority Leader Charles E. Schumer, D-N.Y.

Ep. 47: Why You Shouldn't Count On the Trump Tax Cuts
The Week Ahead

  President Trump has promised big tax cuts but as CQ Roll Call's tax editor Catalina Camia explains a tangled web of interests and Republican disunity in Congress could spoil efforts for the first major tax legislation in 30 years.

Show Notes:

Wounded White House is Uncharacteristically Quiet
Turf war could be brewing on tax overhaul

President Donald Trump, center, pushed hard but came up short on health care. He's now moved on, say senior aides, but the same pitfalls remain for future endeavors. (Bill Clark/CQ Roll Call)

The White House on Monday continued licking the wounds of its first legislative defeat, even as President Donald Trump and his lieutenants gear up for a Supreme Court battle, a government funding fight and a tax overhaul push that will likely be bruising.

Apart from now-familiar contentious moments during the daily press briefing, Monday was eerily quiet at the executive mansion — a departure from the previous two frenetic weeks.

Schumer and Pelosi Prebuttal to Trump: We Disagree
Democratic leaders see no signs they can work with Republicans

House Minority Leader Nancy Pelosi and Senate Minority Leader Charles E. Schumer speak at the National Press Club in Washington on Monday. NPC President Jeff Ballou appears at left. (Tom Williams/CQ Roll Call)

Congress’ top two Democrats on Monday delivered their “prebuttal” to President Donald Trump’s upcoming first address to Congress, outlining reason after reason why Democrats cannot support anything they expect the president to propose. 

Speaking at the National Press Club, Senate Minority Leader Charles E. Schumer and House Minority Leader Nancy Pelosi said Republicans’ early actions and rhetoric on health care, immigration, budget and taxes are out of step with the Democrats’ priorities and suggested there’s no room for the parties to work together.

Is Trump Taking Policy Cues From Paul Ryan?
Nod to tax proposal just latest in series of shifts

President Donald Trump, left, shakes hands with Ryan, right, as he arrives on stage while Vice President Mike Pence looks on, at the GOP retreat in Philadelphia. (Bill Clark/CQ Roll Call/Pool)

PHILADELPHIA — In a few short months, Donald Trump has shifted from a candidate who considered Speaker Paul D. Ryan a “very weak and ineffective leader” to a president who seems to be leaning on him to beef up his policy agenda.

A sign of that evolution came Thursday when Trump, speaking before congressional Republicans at their issues retreat here, embraced Ryan’s “border adjustment” proposal to tax U.S. imports instead of exports as a way to pay for his border wall.