| Feb 26, 2014
| 3:32 PM
WASHINGTON -- A top House Republican unveiled an ambitious tax code overhaul Wednesday, taking aim at long-protected loopholes for mortgage interest deductions, corporate jets and Wall Street pay, while promising to lower top rates to 25% for most...
| Feb 26, 2014
| 5:59 PM
WASHINGTON — A top House Republican unveiled an ambitious plan to overhaul the tax code Wednesday, taking aim at long-protected loopholes for mortgage interest deductions, corporate jets and Wall Street pay.
The plan would also lower top rates...
| Feb 28, 2014
| 6:45 PM
It turns out that Democrats may not be the biggest stumbling block facing Rep. Dave Camp's ambitious proposal to simplify the tax code and reduce rates.
Many of Camp's Republican colleagues, convinced that their party is poised to make big gains in...
| Mar 4, 2014
| 11:34 AM
WASHINGTON -- Congressional Republicans quickly erected a wall of opposition to President Obama's proposed 2015 budget, establishing election year battle lines over which party can best handle the nation's finances and address rising income inequality....
| Feb 11, 2014
| 5:12 PM
Right-wing and tea-party groups already have House Speaker John A. Boehner (R-Ohio) on their enemies list, thanks to his stance on last year's bipartisan budget agreement. One can only wonder what will happen to the rest of the House GOP leadership now...
| May 14, 2014
| 7:25 PM
Without quick action by Congress, the U.S. Transportation Department may begin scaling back or halting work on thousands of roads, bridges and other infrastructure projects at the height of the construction season this July, when the nation's Highway...
| Aug 7, 2013
| 3:17 PM
WASHINGTON (Reuters) - Congress has won some partial relief for lawmakers and their staffs from the "Obamacare" health reforms that it passed and subjected itself to three years ago.
In a ruling issued on Wednesday, U.S. lawmakers and their staffs will...
| Jul 31, 2013
| 11:07 AM
There is widespread agreement that the U.S. can become more competitive in the global marketplace if it lowers its corporate tax rate. There's also a consensus that the nation needs to spend more money on its vital infrastructure. So one might assume that...
| Aug 9, 2013
| 4:17 PM
"Colleagues," said the June 27 letter to 98 U.S. senators, "now it is your turn." The letter's authors are Max Baucus, D-Mont., and Orrin Hatch, R-Utah, the chairman and ranking Republican on the tax-writing Finance Committee, respectively. From their...
| Apr 26, 2013
| 5:10 PM
Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision.
Barack Obama used a recess appointment to make...
| May 17, 2013
| 9:21 AM
WASHINGTON -- Lawmakers accused leaders of the Internal Revenue Service of lying on Friday as they opened the first in a series of investigative hearings about the tax collection agency's targeting of conservative groups.
Republicans and Democrats said...