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Federal Relations

Tax & Finance

December 4, 2017

House Moves to Go to Conference This Week

Tonight, the House is expected to pass a motion to go to conference on the Tax Cuts and Jobs Act. The Senate version of the measure was passed late Friday. The Senate is expected to follow suit, and the full list of conferees is expected shortly.

Senate Approves Its Tax Bill; Conference Awaits

Early Saturday morning, the Senate approved by a vote of 51 to 49 its version of the tax overhaul bill.  In the end, Bob Corker (R-TN) was the only Republican to join all Democrats in opposing the legislation. The Senate leadership was making last-minute changes to the bill to win over a number of possible…

December 1, 2017

Senate Continues to Work on Tax Bill

The Senate continues to work on its version of the tax bill. With a number of Republican Senators raising concerns about a host of issues with the bill, the Republican leadership has tried to address them throughout this week.  Late yesterday, the chamber was informed by the nonpartisan Joint Committee on Tax that the bill…

November 28, 2017

Tax Bill Reported Out by Senate Committee

By a party line vote of 12 to 11, the Senate Budget Committee reported out earlier this afternoon a legislative package that combines a tax bill and a measure that would open up the Arctic National Wildlife Refuge to drilling. Although the bill was approved by the committee, whether it has enough votes to pass the…

November 27, 2017

Congress Returns to Face a Full Plate

Both chambers of Congress return to DC this week after their Thanksgiving recess last week and face a long “to-do” list. The Senate is currently expected to bring up its version of a tax bill this week and there is still uncertainty about its fate.  President Trump and the Congressional Republicans have set out the…

November 16, 2017

House Passes Tax Bill; Senate Action Awaits

Earlier this afternoon, the House passed H.R. 1, the Tax Cuts and Jobs Act, by a vote of 227 to 205. A total of 13 Republicans joined every Democrat in opposing the bill. Even as the House was considering its bill on the floor, the Senate Finance Committee has been debating its version of the measure since…

November 2, 2017

Tax Cuts and Jobs Act

The House Republican Leadership unveiled their much-awaited Tax Cuts and American Jobs act. At first glance, the measure would: cut the corporate tax rate to 20%; reduce the seven individual tax brackets into four; nearly double the standard deduction to $24K (married), $18,300 (head of household), and 12,200 (single); increase the child care tax credit…

October 30, 2017

This Week: CHIP and Taxes

The House and Senate are back this today for what will be the long slog until Thanksgiving. There’s a ton of to-do items on the agenda, including tax reform, raising the debt ceiling, FY 2018 appropriations, the annual National Defense Authorization Act (NDAA), and the list goes on. The focus for the House this week…

October 26, 2017

House Agrees to Senate Budget and Tax Guidelines

Today, the House adopted the Senate-passed FY2018 budget resolution, H. Con. Res. 71, that would lay down the foundation for tax cuts.  While a budget resolution is traditionally used to set up the broad parameters for spending for a given fiscal year, this year’s resolution is being used as a vehicle to set up procedures to move…

October 20, 2017

Budget and Taxes

The Senate passed its FY 2018 budget by a vote of 51-49 on last night. The passage is a key step to Republican hopes of creating and passing any tax overhaul measure through Congress along party lines in the coming months. Senator Rand Paul (R-KY) was the lone Republican dissenter. Behind the scenes, GOP leaders have already hammered…

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