Trump administration officials fan out to sell tax overhaul

WASHINGTON (AP) — Pushing the Republican tax package through Congress was only half the battle for President Donald Trump. Now that it’s the law, convincing Americans that it was a good idea is not just a political imperative but an economic one, too. To boost GOP prospects in the midterm elections, Trump needs to show […]

Amid positive talk, some in GOP offer blunt take on taxes

BC-APFN-US–Congress-Taxes,1st Ld-Writethru Dec 06, 2017 2:12AM (GMT 08:12) – 872 words By STEPHEN OHLEMACHER ,  Associated Press Eds: Updates with details, background. With AP Photos. WASHINGTON (AP) — Sounding a discordant note among the positive talk on the tax bill, a number of Republicans are delivering a blunt assessment, casting the bill as a boost […]

Trump suggests openness to negotiations on GOP tax plan

By KEN THOMAS, Associated Press WASHINGTON (AP) — President Donald Trump suggested Saturday he may be willing to negotiate changes to a significant portion of the tax overhaul, the corporate tax rate, injecting an element of uncertainty into the tax plan only hours after it cleared the Senate. Trump told reporters at the White House before […]

Chairman Brady: House won’t agree to nix property tax deduction

BC-US–Congress-Taxes,1st Ld-Writethru Nov 13, 2017 2:54AM (GMT 08:54) – 552 words By KEVIN FREKING ,  Associated Press Eds: Updates with more details, background. With AP Photos. WASHINGTON (AP) — The chairman of the House’s tax-writing committee is expressing confidence that chamber won’t go along with the Senate’s proposal to eliminate the deduction for property taxes, […]

White House hails ‘important step’ on tax bill

BC-APFN-US–Congress-Taxes-The Latest,5th Ld-Writethru Nov 09, 2017 10:48PM (GMT 04:48) – 994 words Eds: Refreshes story summary. AP Video. With AP Photos. WASHINGTON (AP) — The White House is praising the House Ways and Means Committee for approving the Republican Party’s tax cut package. Press secretary Sarah Sanders calls Thursday’s party-line vote an “important step toward […]

Tax bill revisions means less-generous cuts

WASHINGTON (AP) — A change made Wednesday to the Republican tax plan would mean less generous cuts for many Americans. The House’s top tax-writer, Rep. Kevin Brady, has released a revised version of the bill that would impose a new, lower-inflation “chained CPI” adjustment for tax brackets immediately instead of in 2023. That means more […]

Trump, GOP at odds over using 401(k)s to pay for tax cuts

WASHINGTON (AP) — President Donald Trump and Republicans were at odds on Wednesday over changing the 401(k) retirement program to help finance tax cuts, with the president insisting the middle-class favorite will remain untouched and lawmakers open to revisions.Rep. Kevin Brady, the chairman of the House’s tax-writing panel, wouldn’t rule out changes to the program […]

How Trump tax plan would alter mortgage interest deduction, eliminate state and local tax deduction

WASHINGTON (AP) — Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco. The subsidy for homeowners comes in the form of a deduction from their taxes for the interest […]

Congressman Brady to Conroe Town Hall: “The American people are left behind in our current Tax Code”

Conroe, August 16 – United States Congressman and House Ways and Means Committee Chairman Kevin Brady spoke to approximately sixty members of the Conroe Chamber of Commerce on Tuesday, August 15, 2017. “The American people are left behind in our current Tax Code,” Brady told the audience. Brady has proposed the most significant reform of […]

Koch urgency: Conservative network fears closing window

COLORADO SPRINGS, Colo. (AP) — The urgency was easy to find inside the private receptions and closed-door briefings at the Koch brothers’ donor retreat in Colorado Springs, where the billionaire conservatives and their chief lieutenants warned this weekend of a rapidly shrinking window to push their agenda through Congress. No agenda items mattered more to […]