Representative Paul Ryan, the leading Republican voice on fiscal policy, vowed on Wednesday to start overhauling the U.S. tax code despite Washington gridlock that he says will worsen with President Barack Obama's planned immigration order. The candidate for vice president in Mitt Romney's 2012 White House bid, Ryan was confirmed by Republicans on...
Aug 20- Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party- backed candidates. The Republican nominee to replace him is Gary Palmer, a fund raiser for a conservative think tank in Alabama who is backed by the anti-tax group Club for Growth.
WASHINGTON, July 30- A bipartisan group of U.S. lawmakers on Wednesday said Japan's refusal to drop all barriers to farm imports under a Pacific trade deal was unacceptable and urged the U.S. administration to cut Japan and Canada out of the talks if they did not give ground. "We urge you to hold Japan and Canada to the same high standards as other TPP partners.
WASHINGTON, July 11- The U.S. House of Representatives voted 258-160 on Friday to extend permanently a business tax break dealing with deductions for depreciating certain capital investments, a move that would cost U.S. taxpayers an estimated $287 billion over 10 years.
Hammering away at the White House and the IRS over the 2013 affair, a handful of Republicans accused the Obama administration of obstructing congressional probes and renewed calls for the naming of an independent prosecutor. The IRS had no immediate comment.
WASHINGTON, June 12- The defeat of U.S. House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.
Changes in taxation, our position on the global stage, politics and the impact of baby boomers will help shape the U.S.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
WASHINGTON, Oct 31- A U.S. free trade agreement with Panama went into force on Wednesday, five years after it was originally negotiated, opening the way for increased U.S. exports as the Central American country continues its canal expansion project.
``This trade deal will guarantee access to Panama's $20.6 billion services market and more than $15 billion in infrastructure projects...