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Without key provisions in the Republican-led tax act, a Texas oil and gas trade group said the 20 percent of oil produced by smaller companies would be at risk. U.S. President Donald Trump signed the Tax Cuts and Jobs Act before leaving for his Christmas holiday. The measure, which extends permanent tax cuts to corporations, passed out of the House and Senate along party lines. In a statement emailed late Tuesday to UPI, the Texas Alliance of Energy Producers said two provisions — the percentage... Read more

Thanks to Kevin Brady for the Tax Cut Law To the editor: Getting to keep more of the money we spent 47 years working so hard for rather than the government taking it is truly a blessing for the upcoming year. And no, we and most of us who will benefit from this new law are not just "the wealthy." I want to offer a big thank-you to our congressman for playing such a large part in accomplishing this – a goal he has been working on for many years and finally has enough clout with a Republican Congr... Read more

By Amelia Brust A 1,101-page, Republican-backed overhaul of the federal tax code was signed into law Friday by President Donald Trump. The Tax Cuts and Jobs Act, which passed the House of Representatives 224–201 and Senate 51–49 with no Democratic support in either chamber, is being touted as the most significant tax code change in decades. Houston-area Rep. Kevin Brady, R-The Woodlands, chairman of the House Committee on Ways and Means, said in a statement that the measure would be a boost to t... Read more

The U.S. House voted for billions more in Hurricane Harvey relief, but the U.S. Senate is not likely to take up the measure until after the holidays. by Abby Livingston The U.S. House approved billions of dollars for Hurricane Harvey relief funding on Thursday, a move hailed by advocates as a major step forward in repairing the devastated Texas coast if the U.S. Senate follows suit. The hurricane aid was passed in the House alongside a short-term, three-week spending bill that will avert a gover... Read more

by Quin Hillyer Maybe Paul Ryan and Mitch McConnell aren’t so bad. In fact, their successful effort to pass the most significant tax reform in three decades show Ryan and McConnell to be, on the whole, remarkably competent, and solidly conservative. Professional right-wing malcontents and crisis-mongers, and their legions of mantra-spouting followers, should now eat humble pie and give credit where it’s due. Without any significant public sales job from the White House, with only a narrow Senat... Read more

by Greg Corombos The man who spearheaded the tax-reform effort in the House of Representatives says the new provisions will accelerate America’s economic growth and surpass previous expectations, thanks to middle-class tax relief and a far more favorable environment for corporations and small businesses. On Wednesday, both the House and Senate approved the $1.5 trillion package without any support from Democrats on either side of Capitol Hill. The win for the GOP ends the year on a political hig... Read more

Congress delivers on promise to send tax reform bill to President Donald Trump by Christmas By Bryan Kirk, Patch Staff As promised, the long awaited GOP tax reform bill will be on President Donald Trump's by Christmas, after both houses approved the oft debated bill on Wednesday. U.S. Rep Kevin Brady, who chairs the House Ways and Means Committee, talked about the bill after the House approved the bill Tuesday. "Today, the House voted for the biggest tax reform package in a generation...simply,... Read more

Congress delivers on promise to send tax reform bill to President Donald Trump by Christmas By Bryan Kirk, Patch Staff As promised, the long awaited GOP tax reform bill will be on President Donald Trump's by Christmas, after both houses approved the oft debated bill on Wednesday. U.S. Rep Kevin Brady, who chairs the House Ways and Means Committee, talked about the bill after the House approved the bill Tuesday. "Today, the House voted for the biggest tax reform package in a generation...simply,... Read more

By Niall Stanage The Republican tax plan won congressional approval on Wednesday and will soon be signed by President Trump. The law’s thicket of new provisions will affect families and businesses across the nation, in ways The Hill has previously reported upon. But, when it comes to the politics of the bill, who notched a victory and who took a hit? Winners President Trump Trump badly needed a win on tax reform after the ignominious failure of the attempt to repeal and replace the Affordable Ca... Read more

The Tax Cuts and Jobs Act will make its way to President Donald Trump’s desk just ahead of Christmas, providing GOP lawmakers with their first major legislative win of the 115th Congress. Its passage comes after Republicans faced a procedural hiccup, forcing the House to vote on the measure a second time after provisions violating Senate procedural rules were dropped from the bill. The legislation passed the lower chamber in a 224-201 vote along party lines Wednesday afternoon, with 12 Republic... Read more