Written by Tom Benning, Washington Bureau Updated at 2:45 p.m. Thursday: This story has been updated throughout. WASHINGTON — House Republicans on Thursday unveiled a sweeping plan to overhaul the nation's tax system for the first time in decades, pitching tax cuts for businesses and many middle-income families in exchange for the elimination of longstanding tax breaks. The GOP — following the lead of Texas Rep. Kevin Brady — touted the $1.5 trillion legislation as long-overdue relief. And thoug...
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p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 16.0px Helvetica; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} By: Siobhan Hughes and Richard Rubin WASHINGTON—When Texas congressman Kevin Brady needs a sense of peace, he reaches into his desk drawer, pulls out a prayer attributed to St. Francis of Assisi and props it up on a Diet Coke can for easy viewing. “Where there is hatred, let me sow love,” the prayer says, “where there is despair, hope.” Mr. Brady, the 62-year-old chairman of...
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By Sahil Kapur and Erik Wasson Rep. Brady: Tax Framework Is 'What It Needs to Be' Kevin Brady may be the most well-liked member of Congress, but he’s about to offend colleagues, lobbyists and voters alike in his quest to rewrite the U.S. tax code to end special breaks for businesses and individuals while cutting tax rates. The humble, ultra-disciplined Republican from Texas has met ample resistance ahead of the planned release of a House bill on Wednesday. Realtors and home builders fear he’ll ...
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By: Abner Fletcher CLICK HERE or above to listen to full interview. Congressman Kevin Brady of The Woodlands discusses with Houston Matters the nearly $37 billion disaster relief bill signed by President Trump. Texas is getting more federal money for Harvey recovery. President Trump signed a nearly $37 billion disaster relief bill yesterday (Oct. 26). Congressman Kevin Brady of The Woodlands discusses how Houston will benefit from this bill with Houston Matters producer Joshua Zinn. PERMALINK
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By Sandy Fitzgerald The United States' taxes are too high, and it's exciting to be creating "once-in-a-generation" tax reform legislation, House Ways and Means Committee Chairman Kevin Brady said Friday. "We are an overtaxed nation," the Texas Republican told Fox News' "Happening Now" program, and he's looking forward to "the prospect of lowering taxes on Americans, simplifying it, getting rid of all these special deductions and loopholes, but more importantly getting people bigger paycheck, ge...
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BY Brandon Kochkodin Top managers are optimistic despite ‘unpredictable’ situation ‘An opportunity that we can’t let slip through our fingers’ House Ways and Means Chairman Kevin Brady is expected to unveil a sweeping tax bill to remake the U.S. economy next week, and executives across America are already answering questions about how the plan will affect their businesses. The sentiment from America’s C-suite was largely one of eager anticipation despite knowing few details about the coming prop...
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By Toluse Olorunnipa Cutting the corporate tax rate to 20 percent would speed up economic growth enough to eventually make the U.S. economy 3 to 5 percent larger than it otherwise would be, according to an analysis produced by President Donald Trump’s White House. The analysis, released Friday by Trump’s Council of Economic Advisers, also repeats the panel’s finding that the corporate tax cut would increase average household income by at least $4,000. Other economists have questioned that claim....
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By: Tom Waddill Huntsville’s Mac Woodward, left, and Congressman Kevin Brady were thrilled to unveil the bust of Sam Houston that will reside temporarily in the historic Ways and Means Committee Room in the U.S. Capitol. The director of the Sam Houston Memorial Museum in Huntsville, Woodward loaned the bust, created by sculptor Elisabet Ney, to Brady, who represents the 8th District of Texas, which includes Walker, Madison, Montgomery and Trinity counties. Photo: Allyson Manley Congressman Kevin...
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By: Paul Bedard President Trump's feud with key senators is not playing out in the House where leaders are giving the White House credit for helping develop and sell the pending tax reform plan. "He's been out there making the case for these bold reforms as President Trump can do and it's making a difference back home," said Rep. Kevin Brady, chairman of the House tax writing committee, Ways and Means. "I can tell you for me he's been incredibly helpful in this effort," he added. And the feeling...
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By John Gizzi House Ways and Means Committee Chairman Kevin Brady, R-Texas, didn't mince words when asked on Wednesday whether the final tax reform package would include elimination of both the estate (death) tax and the alternative minimum tax (AMT). When asked by Newsmax he replied: “Yes.” Brady spoke to reporters at a Washington D.C., breakfast hosted by the Christian Science Monitor. Advocates of abolishing both taxes immediately voiced their confidence in the chairman of the tax-writing pa...
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