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U.S. House of Representatives Passes Tax Cuts and Jobs Act Bill by Vote of 227–205
The U.S. House of Representatives passed the Tax Cuts and Jobs Act bill, H.R. 1, by a vote of 227–205, on Thursday afternoon, with all Democrats and 13 Republicans voting no.
3 Ways The House And Senate Tax Bills Differ
As the Republican-controlled House continues to make hurried, last minute edits to its tax reform bills before bringing it to a vote, politicos around the nation and the broader world are wondering how said bill will shape up once it’s been through the brutal legislative process. On the top of most bill-watcher’s minds are the variations in the House and Senate’s differing reform bills, which have many onlookers scratching their heads trying to sort out the differences between the two.
Details of tax reform legislation revealed
The House Ways and Means Committee released draft tax reform legislation on November 2. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.
GOP effort to repeal Obamacare dies, but Murphy expects new challenges
While GOP Senate leaders threw in the towel Tuesday on their latest attempt to repeal and replace the Affordable Care Act, Sen. Chris Murphy said he expects new challenges to the Obama-era health care law. Read more from The Connecticut Mirror.
Tax Reform Framework Expected Next Week
Discussions are ongoing between the administration and Congress on how to reform the tax code. Republican leadership in Congress and the White House plan to release a tax reform framework next week. The contents of the framework and to what extent it will focus on policy remains to be seen.
Senate Budget Committee Weighs Tax Cuts Totaling $1.5 Trillion
Senate Budget Committee member Ron Johnson said the panel is considering a budget that would allow for $1.5 trillion in tax cuts that would add to the deficit on a so-called “static” basis over the next 10 years.
The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding
The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind its support—and it wants to be as boring as possible.
Military Spending Measure With Billions For Conn. Wins Senate Approval
A nearly $700 billion military spending measure, with billions for Connecticut manufacturers of submarines, jet engines and helicopters, won U.S. Senate backing Monday.
New push to replace Obamacare reflects high stakes for Republicans
A final GOP effort to dismantle the Affordable Care Act burst into view this week in the Senate, where leaders began pressuring rank-and-file Republicans with the hope of voting on the package by the end of the month.
White House Puts EEOC's Pay Data Collection Rule on Hold
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