President Donald Trump told House Republicans on Sunday that if they stand in the way of his push for broad tax reform, it could come back to hurt them in the 2018 midterm elections.
The Senate passed a 2018 budget resolution late Thursday that will serve as the vehicle for comprehensive tax reform, the Republican Party’s top legislative goal.
The Internal Revenue Service will not accept electronically filed tax returns for the upcoming filing season in which people fail to note whether they have health insurance, according to an agency announcement that is a reversal of informal policy under the Obama administration.
Devastating fires charring California have claimed more lives than any fire in the state’s history, and the economic toll is predicted to climb to $85 billion.
Republican lawmakers are considering indirect paths to meeting President Donald Trump’s goal of slashing the corporate tax rate to 20 percent, one of the toughest challenges they face in trying to overhaul the U.S. tax code.
The majority of households paying the Obamacare penalty in 2015 were low- and middle-income households, according to the most recent data from the Internal Revenue Service.
For 60 years, ministers and clergy in the U.S. have relied on an IRS law that allows them a tax-exempt housing allowance. Now that key exemption is at risk.
Even before its feud over the national anthem with President Trump, the NFL Players Association wasn’t on the same political team as many of its fans, judging from its contributions to leftist advocacy groups.
The House of Representatives passed the Building A Better America 2018 budget in a 219 to 206 vote.
Republican leaders are already signaling a compromise on plans to erase a nearly $2 trillion break for state and local taxes, backing down in the face of fierce criticism from Democrats and some blue-state Republicans whose constituents would suffer.
The Internal Revenue Service was involved in a $5 million push to pressure Americans to buy Obamacare coverage, according to documents obtained from the watchdog group Judicial Watch.
Treasury Secretary Steven Mnuchin said the president’s tax plan revealed last week is a “jobs bill” and doesn’t benefit the rich, fighting back against criticism from Democrats who say the plan mostly benefits the wealthy.
President Donald Trump and congressional Republicans unveiled Wednesday their plan for a massive tax overhaul.
Emmanuel Macron has signaled Britain could be part of a reformed European Union after Brexit.
Senate leaders on Tuesday canceled plans to vote on an Obamacare repeal this week, marking a third straight failure for Majority Leader Mitch McConnell and fellow Republicans who have been unable to fulfill their campaign promise.
Senate Republicans announced Tuesday that they have struck a tentative deal for sweeping tax reform, with tax cuts totaling $1.5 trillion over 10 years.
President Trump’s decision to hold White House meetings with Democrats on key agenda items has sent a clear message to the GOP that it needs to get moving or he’ll make deals with the minority party.
The federal government collected record total tax revenues through the first eleven months of fiscal 2017 (Oct. 1, 2016 through the end of August), according to the Monthly Treasury Statement.
More than a decade of budget cutting and a rash of government job vacancies are taxing Washington’s ability to cope with a one-two punch of epic storms.
The White House has prepared a request to Congress for an initial $5.9 billion package in Harvey recovery aid, a first down payment to make sure recovery efforts over the next few weeks are adequately funded.