As GOP leaders try to avert government shutdown, Trump tweet undermines them

WASHINGTON — As GOP leaders scrambled Thursday for votes to avert a federal shutdown, President Donald Trump undermined the effort with a morning tweet opposing part of the deal. Passage of the four-week stopgap measure remains uncertain. Conservative Republicans and defense hawks object to yet another temporary measure and want more stable funding. Democrats are rejecting… Please follow and like us:

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Trump, US Lawmakers Facing Government Shutdown Threat

House Republicans plan to go ahead with a vote on a temporary spending measure aimed at keeping the U.S. government open after a midnight Friday deadline. U.S. President Donald Trump threw the vote into doubt Thursday with a tweet that indicated his opposition to part of the plan, but House Speaker Paul Ryan said later that… Please follow and like us:

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Why Trump Is Thinking Of Bringing Back ‘Earmarks’

President Donald Trump suggested last week that lawmakers bring back “earmarks,” a practice that for centuries helped transform Washington into a “swamp” riddled special interests, out-of-control spending and unaccountability. “Maybe all of you should start thinking about going back to a form of earmarks,” Trump said Tuesday to a group of Republican and Democratic congressman gathered… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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Sharp Reactions in Congress to Trump Tweet on North Korea

U.S. President Donald Trump’s tweet warning North Korea’s leader that he has a “Nuclear Button” that is “much bigger & more powerful” than Kim Jong Un’s set off a series of sharp reactions Wednesday on Capitol Hill as the Senate gaveled in for its first day of business in 2018. “It’s embarrassing, it’s counterproductive and it’s… Please follow and like us:

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House and Senate Should Reconcile Their Bills to Replace Dodd-Frank

In June, the House passed the Financial CHOICE Act, a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd-Frank law. Because the Republicans hold a slim majority in the Senate, passing such a comprehensive reform package is difficult, at best. Nonetheless, the Senate Banking, Housing, and Urban Affairs Committee, led by… Please follow and like us:

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Donald Trump signs tax cuts into law, also signs bill to keep government open

President Trump signed a hard-won $1.5 trillion tax-cut bill into law Friday, also signing a temporary funding bill to keep the government open and a $4 billion missile defense bill. Mr. Trump signed the measures at the White House shortly before departing for Florida for the Christmas holiday. The most sweeping tax overhaul in decades cuts… Please follow and like us:

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Republican tax plan headed to president

WASHINGTON — The House and Senate passed the sweeping GOP tax plan on near-party-line votes as congressional Republicans moved to give President Donald Trump his most significant legislative victory of the year — one that has come at a steep political cost. Polling indicates the $1.5-trillion package remains broadly unpopular, contributing to a political environment in… Please follow and like us:

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Mnuchin Has ‘No Doubt’ Congress Will Pass Tax Bill Before Christmas

Treasury Secretary Steven Mnuchin said on “Fox News Sunday” there is “no doubt” Congress will pass the “terrific” Republican tax reform bill and send it to President Donald Trump for signature before Christmas. The GOP-led Congress released the final version of its tax reform bill late Friday and placed it on track for a final vote… Please follow and like us:

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Tax Cut Backers Unhappy That Cap Gains Tax Provision Means Some Must Pay More

Congress is moving steadily toward passage of a Republican tax reform bill that President Donald Trump almost certainly will sign when it reaches his desk, but tensions remain among advocacy groups seeking to drain the Washington swamp, thanks to a provision on the “death tax.” Senate and House conferees are ironing out differences between their chamber’s… Please follow and like us:

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Small tweaks to GOP tax bill would make huge difference

The Senate-passed tax bill is a policy triumph that will provide a shot of performance enhancing drugs into the veins of the economy. It’s not perfect, but the combined effect of cutting business tax rates, eliminating the state and local tax deduction, and repealing the ObamaCare individual mandate tax, means we are at the precipice of… Please follow and like us:

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Koch Brothers’ Senator Pushed Tax Break For ‘Dark Money’ Groups

With Republican megadonors like Charles Koch, 82, and his brother David, 77, advancing in age, a top GOP senator from the Kochs’ home state has proposed a special tax break for moguls who bequeath their riches to so-called “dark money” groups that advocate for policies and bankroll lawmakers’ election ads. Though Kansas Sen. Pat Roberts’ proposal… Please follow and like us:

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Tax reform is just the first step in rolling back the nanny state

One way to kill a predatory animal is to deny it sustenance. The tax-cut bill passed by the Senate, if it clears a conference with the House and President Trump signs it, may be the first step toward starving the big-government beast. Reporting on the Senate vote early Saturday morning reflected the biases of various media… Please follow and like us:

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Trump Applauds Senate Passage of Republican Tax Overhaul Bill

U.S. President Donald Trump praised the Senate’s early Saturday morning passage of an immense Republican tax overhaul bill, telling reporters outside the White House the measure calls for “the biggest tax cuts in the history of our country.” Later Saturday at a Republican fundraiser in New York, Trump attributed passage of the bill to semantics. “For… Please follow and like us:

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Senate Republicans Resume US Tax Overhaul Effort

Senate Republicans are pushing ahead Friday with efforts to overhaul the U.S. tax code after a last-minute delay, prompted by Republicans concerned about an analysis that found the bill would add at least $1 trillion dollars to the debt over 10 years. They delayed a final vote on the legislation late Thursday amid furious, behind-the-scenes efforts… Please follow and like us:

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