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2 weeks ago |
bloomberg.com | Erik Wasson |Ken Tran
The National Public Radio headquarters in Washington, DC. (Bloomberg) -- The US House approved $9.4 billion in Elon Musk’s DOGE federal spending cuts, with Republican moderates swallowing their concerns about cutting previously approved spending for foreign aid and public broadcasting. The White House’s spending package passed the House on a narrow 214 to 212 vote with four Republicans voting against it.
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1 month 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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1 month 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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1 month 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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1 month 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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