A key White House official has acknowledged what independent economists have been saying for months: The $1.5 trillion GOP tax bill does not pay for itself.
by Erica Werner, Mike DeBonis | The Washington Post
President Trump ended the second government shutdown of his tenure early Friday morning, signing a sweeping spending bill hours after Congress backed the bipartisan budget deal that stands to add hundreds of billions of dollars in federal spending on the military, domestic programs and disaster relief.
by Erica Werner, Damian Paletta, Mike DeBonis | The Washington Post
A showdown in Washington over government spending kicked off Wednesday with a high-level gathering between congressional leaders and the White House that previewed the broader fight likely to consume Washington for much of January.
A jumble of changes are coming to the tax code, with many of them set to begin on New Year's Day — Monday. The bill makes cuts and adds exemptions to individual, corporate and international taxes, but only a few are permanent.
What a week! Congressional Republicans passed a historic tax plan as both parties race to avoid a government shutdown.
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The GOP tax bill hit major obstacles ahead of an expected vote early next week, with some lawmakers including Florida Sen. Marco Rubio and Utah Sen. Mike Lee issuing ultimatums and demands.
House and Senate Republicans have reached a tax reform compromise, combining the House and Senate bills that would cut taxes by more than $1.4 trillion over a decade. Democrats claim the new version is even more slanted towards the wealthy.
