Articles

  • 1 week ago | news.bloombergtax.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Greg Tourial

    Senate committees have unveiled drafts of the sprawling budget reconciliation package that would advance President Donald Trump’s policy agenda, including extending tax cuts and boosting funds for immigration enforcement. Senate GOP leadership is aiming to bring the measure to the floor next week, with a stated goal of passing the package by July 4.

  • 3 weeks ago | news.bloombergtax.com | Brandon Lee |Karl Evers-Hillstrom |Greg Tourial |Olivia Gyapong

    The House returns from its Memorial Day recess to take up legislation that would restrict Small Business Administration loans based on immigration status, close SBA offices in “sanctuary” cities, and limit the number of certified small business lending companies. The Rules Committee plans to meet Tuesday to set the terms of floor debate on those bills, as well as another measure to renew key drug overdose prevention and treatment programs. Simple majorities would be required for passage.

  • 1 month ago | news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial

    The House passed Republicans’ sweeping budget reconciliation bill early Thursday morning in a narrow 215-214 vote, advancing key Trump campaign pledges to extend tax cuts from his first term, boost immigration enforcement spending, and more. The measure (H.R. 1) would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks.

  • 1 month ago | news.bloomberglaw.com | Karl Evers-Hillstrom |Olivia Gyapong |Brandon Lee |Dan Lee |Greg Tourial

    President Donald Trump’s tax, energy, immigration, defense, and health-care priorities would be enacted under House Republican’s sweeping reconciliation bill, which would use the budget process to bypass Democratic opposition in the Senate. The measure would make permanent lower tax rates from Republicans’ marquee 2017 tax law (Public Law 115-97) that expire at the end of the year and add new tax breaks for seniors and tipped and overtime wages.

  • 1 month ago | news.bloombergtax.com | Dan Lee |Olivia Gyapong |Brandon Lee |Greg Tourial

    Law enforcement-related measures to mark National Police Week are set for House votes this week, including bills that would allow officers to carry concealed firearms in more locations and to buy surplus firearms from the federal government. The Rules Committee will meet tomorrow to set the terms of floor debate on those bills and another requiring the Justice Department to report on incidents against officers. A simple majority would be needed to pass the measures.

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