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Sen. Paul makes pitch to gut Obamacare with GOP tax bill, testing party unity

10 monthes ago   |   By

His push could spur the first major intraparty GOP fight over the tax bill in the Senate.
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Tech start-ups fight Senate plan to change the way stock options are taxed

10 monthes ago   |   By

Senate Republicans have touted their tax bill as business-friendly, but technology start-ups - including Hyperloop One, Airbnb, Uber and Vimeo - are fuming over a provision that would make a major change to how stock options are taxed. A key tool for start-ups to attract employees, stock options...
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Affordable housing could lose big in Republican tax plan

10 monthes ago   |   By

The House GOP tax plan cuts a type of bond that is used to finance at least half of the nation's affordable rental apartment buildings.
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Why commercial real estate owners will salivate over the Republican tax plan

10 monthes ago   |   By

There's a lot to love in the GOP tax plan for the commercial real estate industry. Commercial property owners would see several benefits under bills from both the House and Senate, including lower taxes on their profits and the ability to avoid a 30 percent limit on interest expense deductions, according to the Wall Street Journal. The Senate bill would also lower the commercial property depreciation period from 39 to 25 years. “If the bill...
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A $10 billion provision in the House tax plan is really bugging the AARP - and one expert thinks that's enough to kill it

A $10 billion provision in the House tax plan is really bugging the AARP - and one expert thinks that's enough to kill it

10 monthes ago   |   By

The House Republican tax reform bill includes the repeal of an itemized deduction related to medical expenses, a measure that costs the federal government $10 billion.
The repeal, which is in the Senate version of the bill, would impact people who spend heavily on certain healthcare expenses like long-term care or fertility treatments.
T he AARP isn't happy with the plan's removal of the deduction, calling it a "health tax," and experts don't expect it to make it to the final bill.
"Never bet against the AARP," says Craig Garthwaite, a professor of strategy at the Kellogg School of...
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House GOP set to pass tax bill on Thursday

10 monthes ago   |   By

House Republican are set to pass their tax reform bill Thursday, as President Donald Trump returns from Asia to focus on the high-profile issue. With many Republicans calling it a “make-or-break” moment for their majority, House GOP leaders and Ways and Means Chairman Kevin Brady expressed confidence that they'll have the needed 218 votes for passage - if they don't already. Chief Deputy Whip Patrick McHenry headed into a whip meeting Monday night saying he felt “very good” about the whip check while Brady said, “we do and will have the votes for passage.” About half-dozen deputy whips...
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Quiet Californians will make the difference for GOP tax bill in the House

10 monthes ago   |   By

Of the 14 Golden State Republicans in the House, only one has come out against a bill that could leave California taxpayers paying higher bills.
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China scraps trade talks with the US as tariff threats escalate

China scraps trade talks with the US as tariff threats escalate

China has scrapped upcoming trade talks with the US and will not send vice-premier Liu He to Washington, DC, next week. Earlier this week, China slapped import tariffs on $60... Read more ...

Democrats warn Trump not to use New York Times report as a 'pretext' for...

Democrats warn Trump not to use New York Times report as a 'pretext' for 'corrupt' firing of Rod Rosenstein

Democratic leadership is warning the president not to fire Deputy Attorney General Rod Rosenstein following a bombshell New York Times report on Friday. According to The Times... Read more ...

Prison guards find $17.8 million worth of cocaine in shipment of donated bananas

Prison guards find $17.8 million worth of cocaine in shipment of donated bananas

It was a fruitful morning for a pair of prison guards who uncovered some monkey business when they spotted $17.8 million of cocaine hidden inside a shipment of bananas. Read more ...

Rod Rosenstein reportedly discussed invoking the 25th Amendment and wearing...

Rod Rosenstein reportedly discussed invoking the 25th Amendment and wearing a wire to record his conversations with Trump

Deputy Attorney General Rod Rosenstein discussed using the 25th Amendment to remove President Donald Trump from power, and wearing a wire to record his conversations with... Read more ...

Chuck Grassley fumes about the Christine Blasey Ford-Brett Kavanaugh saga in...

Chuck Grassley fumes about the Christine Blasey Ford-Brett Kavanaugh saga in a series of bizarre tweets

Senate Judiciary Committee chairman Chuck Grassley granted Christine Blasey Ford's attorneys an extension to decide whether she'll speak to lawmakers about her claim that Brett... Read more ...

The White House is considering an an antitrust investigation into 'online...

The White House is considering an an antitrust investigation into 'online platform bias' at Google and Facebook

The proposed executive order would ask federal law enforcement to "thoroughly investigate whether any online platform has acted in violation of the antitrust laws," to "protect... Read more ...

BANK OF AMERICA: Here's how to protect yourself from getting blindsided by...

BANK OF AMERICA: Here's how to protect yourself from getting blindsided by the outcome of Trump's trade war that many aren't prepared for

The US and China this week escalated their trade dispute that has sent investors fleeing from risky emerging-market assets. According to Bank of America Merrill Lynch's... Read more ...

'That was collusion in action': Beto O'Rourke calls up Trump's Russia summit...

'That was collusion in action': Beto O'Rourke calls up Trump's Russia summit to rebuke Ted Cruz for cozying up to the president

Democratic Rep. Beto O'Rourke of Texas took aim at his Republican rival, Sen. Ted Cruz, and his ties to President Donald Trump. During their first debate amid a closely watched... Read more ...

'The president needs to know it is all a setup': Trump's media allies are...

'The president needs to know it is all a setup': Trump's media allies are warning him not to fire Rod Rosenstein after bombshell NYT report

President Donald Trump's allies in the media are divided on how to defuse a bombshell report from The New York Times. According to sources in the report published on Friday... Read more ...

Why Theresa May's Salzburg humiliation increases the chance of a no-deal Brexit

Why Theresa May's Salzburg humiliation increases the chance of a no-deal Brexit

LONDON - Thursday's Salzburg summit was billed as a chance for Theresa May to gather warm words of support about her Brexit plans from European counterparts. It ended in abject... Read more ...