Ken Tran

1 week ago | news.bloombergtax.com | Ken Tran

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1 week 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.

2 weeks 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.

2 weeks 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.

2 weeks 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.