Update 222: A (Last) Look at the House Tax Bill; Under-the-Radar Deductions Eliminated in HR 1 This afternoon, the House Ways and Means Committee reported out HR 1, the Tax Cuts and Jobs Act favorably on a 24-16 party line vote. The bill goes to the House floor for consideration next week. Meanwhile, focus will …
Update 221 — House Bill Repeals Deductions, The Loopholes Most Beloved By Lobbyists Tonight, the House Ways and Means Committee concludes Day 3 of marking up HR 1, the Tax Cuts and Jobs Act of 2017. As Committee members debate the bill’s hundreds of provisions, the legislation’s impact on specific groups of taxpayers is …
Update 220 — Taxing Higher Education The price and value of education in the U.S. The House Ways and Means Committee began a four-day mark-up of H.R. 1, the Tax Cut and Jobs Act today. The 429-page bill is a comprehensive and an unmistakeable value statement about everything from marriage to housing, even to death and …
Update 219: Who is Jay Powell? A look at Trump’s Choice to Head the Fed Yesterday, President Trump announced Jerome Powell as his nominee to serve as the next Chair of the Federal Reserve Board. The reality is, Trump probably could easily have picked Janet Yellen, who has directed Fed policy as closely to what …
Update 218: GOP Double-Down on Trick Down Tax Bill: Rebates for Families, Windfalls for Cos. This morning, Speaker Ryan, House Ways and Means Chair Brady, and senior Republicans on the Committee formally introduced the Tax Cuts and Jobs Act. The legislation is 429 pages of substantial changes to the tax code affecting corporations and individual taxpayers …
Update 217: Trump’s Expected Fed Chair Pick Seen Likely More Establishment than Bannonist This Thursday, President Trump is expected to nominate the next Federal Reserve Chair. After months of speculation, the prohibitive favorite at this hour is current Fed Governor Jay Powell. But Trump enjoys the elements of suspense and surprise and has thrust the …
Trump's Expected Fed Chair Pick Seen Likely More Establishment than Bannonist (Oct. 30) Read More »
Update 216: GOP Fiscal Future Out of Focus, Tax Plan Raises More Questions than Revenue When the Senate passed an FY 18 Budget Resolution, 51-49, it cleared the way for $1.5 trillion in deficit-financed tax cuts. Attention now turns back to the House, which will consider the Senate Resolution on Thursday. President Trump urged House …
Update 215: Trump Wooing Democrats on Tax; Outside Groups Making Inside Pitches Too Senate debate continued today on the budget resolution the GOP now has the votes for and intends to pass tomorrow night. The resolution includes reconciliation instructions for a $1.5 trillion deficit-financed tax cut. As we watch the amendment process — aka votarama …
Update 214 — Deja-Voodoo on a Dynamic Scale: Tax Plan in Balance as GOP Seeks Fiscal Footing This morning, the Senate opened debate on a budget reconciliation instruction to allow for a tax cut financed by a $1.5 trillion deficit over ten years. Senate Republicans are close to the 50-vote mark. A vote on final …
Update 213 — From Regs to Riches: HFSC’s Legislative Gift Basket for the Street This afternoon, the House Financial Services Committee completed a two-day mark-up, favorably reporting out 22 bills affecting systemic risk, capital markets, consumers, homeowners, and retirees. The bills are overwhelmingly deregulatory, with most removing supposed barriers to capital access and trimming or …
