| April 7, 2014, 3:07 p.m.
Bike sharing systems would be among the winners under draft legislation extending a laundry list of tax incentives that Senate tax writers approved last week.
| April 7, 2014, 2:49 p.m.
Public transit advocates were blindsided when House Republicans introduced a five-year highway bill two years ago that proposed eliminating the Highway Trust Fund’s transit account.
| April 3, 2014, Noon
The wind industry may be feeling butterflies as the sector’s Production Tax Credit (PTC) is up for renewal again. But Washington’s usual handout to keep the turbines spinning may be harder to win this time round because of a new twist: experts are warning a renewal will lead to increased carbon emissions.
| April 2, 2014, 6:38 p.m.
Four months after the House passed a far-reaching bill to prevent abusive patent infringement lawsuits, senators are close to striking a deal on their own legislation, according to aides in both parties.
| April 2, 2014, 6:28 p.m.
U.S. Trade Representative Michael Froman will give congressional lawmakers an update on the Obama administration’s trade agenda Thursday, including its efforts to close out Trans-Pacific Partnership negotiations. While that agreement is expected to be concluded in the coming months, U.S. agricultural groups are concerned that it may fall short of the comprehensive deal they had hoped for.
| April 1, 2014, 8:13 p.m.
For 35 years, the Taiwan Relations Act has provided a vehicle for peace in the Pacific and a means of maintaining a direct relationship with the more than 23 million Taiwanese people who are one of our most important allies and trading partners.
| March 25, 2014, 5:03 p.m.
Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.
| March 17, 2014, 8:04 p.m.
The courage to tackle tough problems may be a rare commodity in Washington these days, but there are still a few members of Congress willing to advance fundamental change to overcome the country’s largest challenges. House Ways and Means Chairman Dave Camp, R-Mich., is one of those lawmakers. He recently released a comprehensive, detailed tax reform plan aimed at initiating substantive discussions focused on overhauling America’s broken tax code. The release of this draft represents a critical step forward in the process of comprehensive tax reform, a process that will benefit all Americans.
| March 17, 2014, 5 a.m.
House Ways and Means Committee Chairman Dave Camp, R-Mich., has unveiled his Tax Reform Act of 2014, the most comprehensive tax reform proposal in nearly three decades. The Camp plan is a bold, even radical, proposal which has shocked many members of Congress on both sides of the aisle and outraged many business interests.
| March 11, 2014, 5:32 p.m.
With Democrats and Republicans offering proposals to hit the financial sector with new taxes or fees, financial executives and lobbyists say they are re-evaluating how they will direct their political cash this election cycle and where they will seek allies on and off Capitol Hill.
| March 11, 2014, 4:45 p.m.
European countries seeking to ease their dependence on Russian natural gas may discover that their salvation lies deep beneath their native soil.
| March 5, 2014, 4:47 p.m.
Obama administration staffers working on the president’s proposal to double the earned income tax credit availability to single childless workers could take a lesson from New York City, which last year launched a pilot program to do just that.
| March 4, 2014, 3:03 p.m.
House Ways and Means Chairman Dave Camp’s proposed tax overhaul got high marks last week from federal transportation leaders for committing to prop up the ailing Highway Trust Fund, but it is drawing criticism from state and local officials who depend on municipal bonds to finance infrastructure projects.
| March 4, 2014, 2:05 p.m.
In addition to worrying road builders, state highway officials and transit agencies, House Ways and Means Chairman Dave Camp’s tax overhaul plan has struck a nerve with airport operators.
| March 4, 2014, 11:40 a.m.
President Barack Obama’s budget for fiscal 2015 is perhaps his most realistic to date. Grand bargains are out. Grand new proposals are out, too.
| March 3, 2014, 11:04 a.m.
Acrimony has become one of Washington’s defining characteristics. For almost the entirety of President Obama’s tenure, the legislative and executive branches have been at bitter odds, failing to seize big moments and enact legislation of great substance. Unfortunately, unless someone steps forward, another opportunity could soon be lost, this time, to pass free trade agreements with allies in Europe and Asia that will open markets with nearly one billion customers to American employees and employers.
| March 3, 2014, 5 a.m.
While the United States economy continues to falter, some in Congress are standing in the way of a key trade vote that has the potential to benefit our stagnant economy.
| March 3, 2014, 4 a.m.
Almost ten years ago under President George W. Bush, Democrats in the House and Senate voted overwhelmingly against the last controversial free trade agreement to come before Congress, the Central American Free Trade Agreement (CAFTA). Now leading Democrats in Congress are threatening to deny or delay, giving President Obama the Trade Promotion Authority (TPA) essential to complete two of the largest free trade agreements in American history, the Trans-Pacific Partnership (TPP) and the Transatlantic Partnership (TTIP). These agreements have enormous potential for creating hundreds of thousands of jobs and an almost one percent increase in U.S. GDP without adding to the deficit.
| Feb. 28, 2014, 2:14 p.m.
Senate Budget Chairwoman Patty Murray confirmed Friday that the Senate will not move a fiscal 2015 budget resolution even as House Budget Chairman Paul D. Ryan began meetings with fellow Republicans aimed at crafting a House tax and spending blueprint for the fiscal year starting Oct. 1.
| Feb. 28, 2014, 4 a.m.
Since the gasoline shortages of the 1970s, Congress has, with only a few exceptions, barred all U.S. crude oil exports. But an energy policy that may have made sense 40 years ago no longer does. Innovative drilling techniques have spawned an oil and natural gas boom in the United States. Since oil surpluses can create as many problems as oil shortages, it’s time to eliminate those export restrictions.