• Lower Corporate Taxes, Higher Wages? Voters Are Skeptical

    3 days ago - By NY Times

    A new survey suggests that Americans are skeptical of Republican claims that cutting corporate taxes would lead to higher wages for workers.
    Read more ...

     

  • Affordable housing could lose big in Republican tax plan

    3 days ago - By CNBC

    The House GOP tax plan cuts a bond that is used to finance at least half of the nation's affordable apartment buildings.
    Read more ...

     

  • House GOP's tax plan has potential cut to affordable housing

    3 days ago - By CNBC

    CNBC's Diana Olick reports on how affordable housing across the country may be affected by the currently proposed Republican-backed tax plan.
    Read more ...

     

  • Senate GOP intent on scrapping health mandate in tax bill

    Senate GOP intent on scrapping health mandate in tax bill

    3 days ago - By Stl Today

    WASHINGTON - Senate Republicans are intent on scrapping the Affordable Care Act's requirement that Americans get health insurance, targeting a repeal of the individual mandate to help finance deep tax cuts in their tax overhaul.
    Read more ...

     

  • 9% of Taxpayers Would Owe More Under Senate GOP's Tax Plan, Says New Report

    3 days ago - By Fortune

    The Senate Republican's tax cut legislation would actually raise taxes for 9.1% of filers, in 2019, according to a new report.
    The report, by the Joint Committee on Taxation, a nonpartisan committee that is part of Congress, said that the tax bill for 6.8% of filers would increase more than $500. Meanwhile, another 2.3% of filers would have their bill increase $100 to $500.
    Those increases would impact a combined 16 million people.
    Tax reform is one of President Donald Trump's main legislative objectives after nearly a year of high-profile defeats including a failed effort to repeal...
    Read more ...

     

  • House votes overwhelmingly to pass $700 billion defense bill

    House votes overwhelmingly to pass $700 billion defense bill

    3 days ago - By Stl Today

    WASHINGTON - House Republicans and Democrats joined forces Tuesday to decisively approve a defense policy bill that authorizes $700 billion to restock what lawmakers have described as a depleted U.S. military and counter North Korea's advancing nuclear weapons program.
    Read more ...

     

  • The Republican tax bill could force billions of dollars in cuts to programs like Medicare

    The Republican tax bill could force billions of dollars in cuts to programs like Medicare

    3 days ago - By Business Insider

    Republicans' Tax Cuts and Jobs Act would add $1.5 trillion to the federal deficit over 10 years.
    According to the Statutory Pay-As-You-Go Act, or Paygo, the new debt must be offset or the Paygo requirement must be waived.
    If Paygo is not waived it would trigger automatic cuts to programs like Medicare and farm subsides.
    The Republican tax plan would force the government to slash billions of dollars worth of core services unless Democrats relent, according to a new report.
    A letter from the Congressional Budget Office to Democratic Rep. Steny Hoyer said that due to a congressional rule...
    Read more ...

     

  • The Republican tax bill could force billions of dollars in cuts to programs like Medicare

    The Republican tax bill could force billions of dollars in cuts to programs like Medicare

    3 days ago - By Business Insider

    Republicans' Tax Cuts and Jobs Act would add $1.5 trillion to the federal deficit over 10 years.
    According to the Statutory Pay-As-You-Go Act, or Paygo, the new debt must be offset or the Paygo requirement must be waived.
    If Paygo is not waived it would trigger automatic cuts to programs like Medicare and farm subsides.
    The Republican tax plan would force the government to slash billions of dollars worth of core services unless Democrats relent, according to a new report.
    A letter from the Congressional Budget Office to Democratic Rep. Steny Hoyer said that due to a congressional rule...
    Read more ...