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Senate GOP Reveals Different Approach on Tax Reform Legislation…

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Senate Republicans revealed their own version of tax-reform legislation Thursday, breaking with President Trump by offering a one-year delay to the corporate tax cut, and with House Republicans by completely repealing a deduction for state and local taxes. The Senate bill also keeps in place the estate tax as well as a variety of popular […]

Trump/GOP Tax Plan Released (Not Large Home Friendly)…

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Lowers individual tax rates for low- and middle-income Americans to Zero, 12%, 25%, and 35%; keeps tax rate for those making over $1 million at 39.6% – Increases the standard deduction from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples. – Establishing a new Family Credit, which includes expanding…

Angry GOP Donors Close Their Wallets…

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Republicans are confronting a growing revolt from their top donors, who are cutting off the party in protest over its inability to get anything done. Tensions reached a boiling point at a recent dinner at the home of Los Angeles billionaire Robert Day. In full view of around two dozen guests, Thomas Wachtell, a retired […]

RSC chairman: McConnell Should Call It a Career…

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The chairman of the Republican Study Committee says Sen. Mitch McConnell (R-Ky.) should step down as majority leader. “I think he’s a huge part of the problem,” Rep. Mark Walker (R-N.C.) told NBC News, comparing McConnell to the manager of a losing baseball team. He noted that usually when a team goes on a bad […]

Republicans Unveil Tax Plan, Call for Doubling Deduction and Cutting Rates…

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Congressional Republicans unveiled a sweeping tax plan Wednesday that would simplify the tax system, cut rates and nearly double the standard deduction used by most Americans. “After a decade of lost growth, hardworking American families know the status quo is unacceptable,” Senate Majority Leader Mitch McConnell, R-Ky., said in a statement. “They want to keep […]

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