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— Washington may be a sea of dysfunction, but the current Congress is offering a few reminders about how a bill becomes a law: compromise. However, when it came to improving veterans' health care, overhauling job training programs, authorizing water projects and "unlocking" cellphones for use in other networks, Congress managed to get the job done.
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.
WASHINGTON, May 19- Corporate tax-dodging deals known as inversions, in which a U.S. multinational shifts its tax domicile to a lower-tax country, would be restricted under legislation to be proposed in both houses of Congress by Democrats on Tuesday. Representative Sander Levin and Senator Carl Levin, brothers from Michigan, will both propose bills, aides said.
*Republican: Japan should sit out trade talks if not ready. WASHINGTON, April 3- The United States pressed Japan on Thursday to open its farm and auto markets to overseas competition and said it could not expect special treatment in a Pacific trade pact covering one-third of global imports and exports.
Ryan's budget has no chance of passing the Democratic-controlled Senate. Ryan, the chairman of the House of Representatives Budget Committee, is calling for spending cuts totaling $5.1 trillion over a decade to reach a balanced budget by 2024 with no new tax revenue.
WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that drew instant condemnation from Republicans, who dismissed the document as an election-year campaign pitch.
WASHINGTON, March 4- President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that highlights stark differences with Republicans, who favor a reduced government role in promoting economic opportunity.
WASHINGTON, Feb 28- A month after Republicans rallied around offering an alternative to President Barack Obama's healthcare law in an election-year move to broaden their appeal to voters, divisions are surfacing over the issue in the U.S. House of Representatives.
Congress faces a Sept. 30 deadline to renew federal funding for transportation programs, and the Highway Trust Fund that helps pay for road and bridge projects is teetering on insolvency.
WASHINGTON, Feb 26- The U.S. House of Representatives' top tax writer released a comprehensive tax code overhaul on Wednesday, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
WASHINGTON, Feb 26- The U.S. House of Representatives' top Republican tax writer will release a plan on Wednesday to overhaul the tax code, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
Citizens for Tax Justice looked at 288 profitable Fortune 500 companies and said that 26 of them- including Boeing Co, General Electric Co and Verizon Communications Inc- paid no federal income tax in the five-year period.
The plan by Representative Dave Camp, chairman of the tax-writing House of Representatives Ways and Means Committee, would also reduce the seven existing U.S. tax brackets to two, which would be set at 10 percent and 25 percent, according to the Post.
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.