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  • Historic Tax Cuts Moves to House and Senate for Full Vote
    Posted in In The News on December 15, 2017 | Preview rr
    Tags: Your Taxes

    Today, members of the Tax Cuts and Jobs Act (H.R. 1) House-Senate Conference Committee signed the conference report for this legislation and Conference Committee Chairman Kevin Brady (R-TX) filed the conference report in the House. The bill will now move forward to be voted on next week by the entire House of Representatives and Senate. With this bill, the typical family of four earning the median family income of $73,000 will receive a tax cut of $2,059. Chairman Brady said: “This is a historic... Read more

  • In Defense Of Tax Reform
    Posted in In The News on December 13, 2017 | Preview rr

    JAMES CARTER As the teacher of a graduate-level tax policy class at Johns Hopkins University, it was with great interest that I read Chris Tomlinson's Dec. 8 column in the Houston Chronicle. Mr. Tomlinson dedicated his column to criticizing the tax proposal now before Congress, calling it "a bill that promises reckless cuts, the same old loopholes, little simplification and an even larger federal debt." Tomlinson's criticisms would warrant a failing grade in my class. Let's consider each in tur... Read more

  • Brady to lead committee
    Posted in In The News on December 13, 2017 | Preview rr

    U.S. Rep. Kevin Brady, R-Texas, will lead the conference committee of both U.S. House and Senate members tasked to create one bill from two different versions of tax reform passed recently. Brady said he was honored to be picked for the position, which holds its first meeting today. “Both the House and Senate have put their best ideas forward, and I believe we can do even better,” he said. “There will be changes, and we will have to find common ground, but we are on schedule to deliver tax refor... Read more

  • GOP To Tweak Tax Bill, Say They're Still on Target for Vote
    Posted in In The News on December 12, 2017 | Preview rr

    Republicans continue to tweak their two tax bills in conference, scrambling to hit the sweet spot on cuts and revenue that will enable passage in both chambers next week, CNN reports. And they say they're still on target to finish Friday, vote early next, and put a bill on the desk of President Donald Trump to sign Dec. 20, CNN reports. But right now, it's all about "turning the dials" and "tweaking the numbers" to account for every action that triggers a reaction somewhere else in the bill, CNN... Read more

  • Ryan: ‘tax reform is what people need right now’
    Posted in In The News on December 12, 2017 | Preview rr

    Summary: Today at a press conference with Republican leaders, Speaker Ryan commended the first responders of yesterday’s attempted terrorist attack in New York. He also discussed the ongoing negotiations of the House-Senate conference committee on the Tax Cuts and Jobs Act. Opening Statement: “First, I want to commend the responders in New York City yesterday—the first responders following what is clearly an apparent terrorist attack there. I think this incident just reminds each and every one o... Read more

  • Tax reform: Breathe deeply, wait for finished product
    Posted in In The News on December 12, 2017 | Preview rr

    If Americans were ruled more by reason than by fervor, they might take a deeper breath over current tax reform efforts until they become more complete. Six weeks of what passes for dialog in Washington has reduced tax reform legislation to apparent cold, thin gruel, unpalatable to a hungry people, unfathomable to people otherwise intelligent. Southern Cal professor Edward D. Kleinbard says Republicans, leading the tax reform charge, are “voting for an ideology rather than tax legislation.” Fair ... Read more

  • Republicans propose to delay, pause Obamacare taxes
    Posted in In The News on December 12, 2017 | Preview rr

    U.S. House Republicans proposed on Tuesday to delay or suspend several taxes under former President Barack Obama’s healthcare law, including a tax on medical devices and the so-called “Cadillac” tax on generous health insurance plans. The move represents a new Republican attempt to roll back provisions of the 2010 Affordable Care Act widely known as Obamacare, after repeated failures by Congress’ majority party this year to repeal the law. Republicans in the House and Senate are also in the fina... Read more

  • Conroe VFW expansion project needs auction items, donations
    Posted in In The News on December 11, 2017 | Preview rr

    by Meagan Ellsworth The Conroe Veterans of Foreign Wars Post 4709 is expanding to better serve the community and veterans in the fastest-growing city in America, but could use some help. "The veteran community is growing at the same pace (as the city)," Conroe VFW Quartermaster John Tellier said. "The VFW Post 4709 has been the benefactor because more veterans in the area means more at the VFW." Membership continues to grow and has grown by nearly 900 members in the last seven years, according t... Read more

  • Morris: Reform the tax code to help small businesses in Texas
    Posted in In The News on December 10, 2017 | Preview rr

    The swift passage of tax reform legislation in the U.S. Senate is welcome news for small businesses in Texas. My stepfather owns a small telecommunications firm in Houston, and one of the biggest challenges that he and other small business owners face is complying with an outdated and convoluted federal tax code. That is why it's so important Congress succeeds in passing tax reform this year. The tax reform bills passed by the House and Senate, although not perfect, would give us a simpler, less... Read more

  • House Majority Leader Kevin McCarthy forecasts tax vote next week
    Posted in In The News on December 10, 2017 | Preview rr

    House Majority Leader Kevin McCarthy said Sunday that congressional Republicans are hopefully on track for final passage of their tax bill next week, which would be in line with President Trump’s Christmas deadline for a final deal. “The House and Senate have two different bills — structurally they’re pretty similar,” Mr. McCarthy, California Republican, said on Fox News. “They’re going to work out those differences — hopefully they can get that done this week. We come back the next week and vot... Read more