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...
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Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement in response to the Labor Department’s November 2017 jobs report: “This report shows another month of steady, positive job creation. Businesses are growing, more Americans are finding jobs, and our economy is getting stronger. As Republicans move forward on the Tax Cuts and Jobs Act, I am confident that our economy will continue to improve. “Congress is now the closest it has been in a generation to...
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by James Dickey Being a Republican in Texas means much more than just the “R” at the end of a name on the ballot. The “R” is a representation of our values, beliefs, and principles, and when Texans vote at the ballot box, they are not simply voting for an “R.” They are voting to keep the government’s hands off their wallets, out of their healthcare decisions and away from their already too-heavily-regulated businesses. Republicans ran on this platform in 2016, and the best way to keep Texas soli...
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The House will not vote next week on a final agreement to rewrite the tax code, though House and Senate negotiators are expected to work through the weekend. “It will not come up next week, but if it could, I would bring it up as soon as we come out of conference, because I do believe the American people are waiting for a Tax Cuts and Jobs Act,” House Majority Leader Kevin McCarthy told colleagues late Thursday in remarks on the House floor. His comments come as lawmakers work behind closed door...
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The U.S. Senate took a major step forward for tax reform and the American people early Saturday morning. For the first time in 31 years, the House and the Senate have each passed legislation that will deliver real tax relief to families and job creators and revitalize our nation’s economy after years of sluggish growth. I applaud Senate Republicans for completing this crucial step in the process. Now it’s time to take the best of both the House and Senate passed bills, make them even stronger i...
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On Monday, Speaker Ryan named the Republican lawmakers who will serve on the House-Senate conference committee for the Tax Cuts and Jobs Act. That means that this group of nine lawmakers will iron out the differences between the House and Senate versions of the bill, before reporting out a final version to vote on in both chambers. So who are these nine individuals? Ways and Means Committee Chairman Kevin Brady (R-TX) will chair the conference committee. Chairman Brady has been our faithful lead...
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The Senate on Wednesday barreled toward the most sweeping rewrite of the tax code in more than three decades as the top Republican senator said he was willing to compromise on a major sticking point for lawmakers from high-tax states such as New York and California. The Senate voted 51-47 to formally begin negotiations with the House in an effort to reconcile their two tax bills. Days and nights of tough negotiations await. GOP leaders are pushing to send a final blended package to President Do...
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The chief Republican tax writer in the U.S. House of Representatives said on Tuesday that House Republicans want tax legislation to eliminate the corporate and individual alternative minimum taxes. "House members ... feel strongly that the House position should be to repeal permanently both the individual and the corporate," U.S. Representative Kevin Brady told reporters. He spoke after meeting with Republican lawmakers to discuss upcoming negotiations with the Senate aimed at reconciling the tw...
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On Monday night, the GOP tax bill took another step toward President Donald Trump’s desk when Speaker of the House Paul Ryan, R-Wis., named nine members to the conference committee, including Ways and Means Chairman Kevin Brady, R-Texas. The Senate is expected to name its negotiators later this week as the two chambers work to reconcile their respective versions of the bill. As the bill moves forward, Democrats are becoming increasingly frantic—and apocalyptic—in their efforts to derail tax refo...
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The U.S. Senate voted Wednesday to start formal tax-bill negotiations with the House of Representatives as lawmakers began grappling with the delicate balance they must strike to advance final legislation through both chambers and to the president by Christmas. Republicans are weighing a number of changes that would expand tax cuts and force offsetting adjustments. Among the issues in play are allowing deductions for medical expenses and state income taxes, both of which were repealed in the Hou...
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