The lessons of the 1986 tax reform. By Tony Mecia Tax reform looked like it was in peril. Influential business groups, including real estate agents and homebuilders, opposed it. Lobbyists were working feverishly against it. Opinion polls showed the public was as unenthusiastic as many members of Congress. That was 1986, the last time Congress drastically overhauled the tax code. But the same dynamics are at work today. And as Republicans labor to push a tax bill through Congress, they speak nost...
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by Kevin Brady The U.S. House of Representatives – the People’s House – took action last week on the most transformational tax overhaul in a generation. This legislation brings us one step closer to delivering bold, pro-growth, pro-family tax reform for Texans and Americans throughout this nation. For too long, our broken tax code has put the needs of the people second – propping up Washington special interests at the expense of hardworking Americans. It rewarded companies for outsourcing Americ...
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Exhausted but exhilirated, Congressman Kevin Brady was back in Texas on Friday morning. Brady was still reveling in the excitement that came with the House of Representatives’ vote to approve a historic tax-reform bill that Brady introduced. What passed the House with a 227-205 vote was the biggest revamp of the U.S. tax system in three decades. On Friday, Brady spent a few minutes on the telephone talking to reporters about the tax-reform plan that still has a way to go before it reaches Presid...
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By Bill O'Neil The Texas Congressman leading the push for tax reform in the U.S. House likes what he sees. “This past week really has been amazing… we are making history for the American people” House Ways and Means Committee Chairman Kevin Brady said Friday. “Right now, we are on schedule to deliver tax reform to the President’s desk by the end of the year” Brady said, unconcerned over the prospect of ironing out differences between House and Senate tax reform plans. “I intend to pick the best ...
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The chief architect of the historic and massive tax reform that just cleared its first major hurdle in the House is back home in The Woodlands. Just 24 hours ago, Congressman Kevin Brady was on the floor of the U.S. House celebrating the passage of the giant tax reform he has pushed, cajoled, massaged, compromised and encouraged America to pass. It hasn't been done in 31 years and now it's on the way to the Senate. "[It was a] very important step," Brady said. "Not the last step." Today, Brady i...
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The U.S. House chamber erupted with cheers on Thursday afternoon as Republicans took their first major step to drastically change the country's tax code. The measure, which will lower the corporate tax rate and curtail some popular deductions, passed the chamber in a 227-205 vote. If the GOP succeeds here, it will mark a career capstone for U.S. House Ways and Means Chairman Kevin Brady, a Republican from The Woodlands who is overseeing the effort on the House side. Prior to the vote, Brady yiel...
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Today, House Speaker Paul Ryan (R-WI) and House Republicans held an open press event in the Capitol to mark passage of H.R. 1, the Tax Cuts and Jobs Act. Following are the Speaker’s remarks as delivered: “I want to thank the man in the House who made this day possible: our joyful field general from Houston, our good friend and leader, Kevin Brady. “I’ve got to say, this is nothing short of extraordinary. Let me just tell you, getting 218 members to agree on something as complicated as the . . . ...
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“Today, I joined my colleagues in the House of Representatives to vote for the largest military authorization we’ve seen in years. This means funding for priorities like readiness, missile defense, and a well-earned pay raise for our troops,” said Cong. Kevin Brady after voting for the final version of this year’s National Defense Authorization Act – better known as the NDAA – funding critical defense priorities, including military readiness and a deserved pay raise for our troops. “Ensuring our...
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“We are on schedule to get this Tax Reform Bill to President Donald Trump’s desk by the end of the year.” Texas Insider Report: WASHINGTON, D.C. — “Its time for this whole broken Tax Code to go. Its time to put the American people first,” said Cong. Kevin Brady as debate on the House Republican’s Tax Reform Plan began in Washington, D.C. “After three decades, with the House of Representatives taking action today & the Senate soon to follow, we’ve finally got a chance to fix this broken Tax Code...
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By Sandy Fitzgerald The House tax bill provides tax relief at every income level, Ways and Means Committee Chairman Kevin Brady, R-Texas, said Thursday, but there will still be room to work with the Senate and to make it even better, and the measure is getting the public's support. "It's in our town hall meetings and discussions when people really learn the details of this, they are so supportive," the Texas Republican told Fox Business' Maria Bartiromo. "We know eight out of 10 Americans want C...
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