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2 weeks ago | 
news.bgov.com | Ken Tran |Jack Fitzpatrick
The hard-right House Freedom Caucus is considering blocking a sweeping Republican tax and spending package by refusing to allow it to be called up on the House floor, according to two people with knowledge of the discussions. The potential failure of a rule to call up the bill is a warning sign for Speaker Mike Johnson (R-La.), who is hoping to put the massive reconciliation bill on the floor as early as Wednesday evening.
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2 weeks ago | 
thinkadvisor.com | Akayla Gardner |Ken Tran
Immediate Answers to Critical Tax Questions At Your Fingertips Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts. Get More Information Recently Added Q&As Recently Updated Q&As What is a high deductible health plan for purposes of an HSA? Get Answer Recently Updated Q&As Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
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2 weeks ago | 
bloomberg.com | Akayla Gardner |Ken Tran
US President Donald Trump(Bloomberg) -- President Donald Trump plans to go to the Capitol on Tuesday to urge fractious House Republicans to overcome divisions and unite behind his signature tax-cut legislation.
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3 weeks ago | 
news.bgov.com | Jack Fitzpatrick |Ken Tran
Conservative lawmakers who stalled a tax and spending package Friday are demanding changes to the package including hastening Medicaid work requirements, a quicker phaseout of clean-energy tax credits, and cuts to taxes on gun sales. Four hard-line conservatives blocked the House’s budget reconciliation package — comprising the bulk of President Donald Trump’s legislative agenda — in a committee vote.
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3 weeks ago | 
news.bloombergtax.com | Jack Fitzpatrick |Ken Tran
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
news.bloombergtax.com | Ken Tran
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
news.bgov.com | Ken Tran
House Republicans are rushing to stay on track of an ambitious timeline to get a sweeping reconciliation bill out of their chamber by Memorial Day. GOP lawmakers on key committees are aiming to mark up their pieces of a massive tax and spending cuts package next week, setting up a floor vote on the final legislation sometime the week after next, but Republicans still have several thorny issues to resolve before they can put up the bill for a vote.
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1 month ago | 
news.bloombergtax.com | Ken Tran
President Donald Trump is proposing to eliminate several housing programs in his budget proposal as part of his push to shift the burden of housing assistance onto state governments and end government diversity programs. The Trump administration is requesting a 43.6% cut in funding to the Department of Housing and Urban Development in its preliminary fiscal 2026 budget proposal.
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1 month ago | 
news.bgov.com | Ken Tran
The House Energy and Commerce Committee has put off marking up its portion of Republicans’ sweeping reconciliation bill until the week of May 12, according to a committee source. The panel was originally hoping to hold a mark up the week of May 5, but GOP lawmakers have yet to resolve internal differences over proposals to cut hundreds of billions from Medicaid amid pushback from moderate House Republicans.
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1 month ago | 
news.bloombergtax.com | Zach Cohen |Chris Cioffi |Ken Tran
House Republicans are looking to wrap up negotiations on their signature tax legislation in the coming days in hopes of achieving their high-stakes political and fiscal deadlines. House Speaker Mike Johnson (R-La.) and Majority Leader Steve Scalise (R-La.) expect the House Ways and Means Committee will join the rest of policy committees to mark up its portion of the budget reconciliation by the end of next week, they told reporters Tuesday.
