WASHINGTON— Rank-and-file IRS workers are again getting a bonus. Commissioner John Koskinen informed IRS employees in an email that they'll get a bonus next March of 1 percent of their base salary. Some Republicans have questioned the payouts in the wake of revelations that the IRS had wrongly targeted tea party organizations and other advocacy groups...
WASHINGTON, Nov 12- Republicans in the U.S. Congress will soon move to kill a medical device tax imposed less than two years ago under President Barack Obama's healthcare law, congressional aides and analysts said on Wednesday. Though no full-scale repeal of Obamacare is expected, even with the Senate now under Republican control, the move against the tax is part...
WASHINGTON, Nov 12 Reuters)- U.S. businesses and industry groups urged Congress on Wednesday to give the White House authority to fast-track trade deals before the end of the year, saying it was a critical tool to complete major trade deals. It was signed by companies including Apple Inc, Boeing Co, Exxon Mobil Corp, FedEx Corp, General Electric Co, Pfizer Inc and...
Last week's elections will elevate Republican Senator Orrin Hatch, a long-standing opponent of the tax, to the chairmanship of the tax-writing finance committee in the Senate. Though no full-scale repeal of Obamacare is expected, even with the Senate under Republican control, the move against the device tax is part of efforts to chip away at the law.
"It's a win-win trade agreement that will benefit information and communications technology manufacturers and services firms across the Americas, Europe, and Asia, while also benefiting all consumers globally and raising global GDP by as much as $190 billion annually," he said by email. The move was also welcomed by network equipment maker Cisco Systems, the...
WASHINGTON, Nov 5- Staffers at the National Association of Manufacturers traded high-fives inside the group's election war room Tuesday night, as pro-business lobbying groups enthusiastically greeted Republicans' victory in retaking control of the Senate. Resurgent Republicans, who solidified their House of Representative majority as well as seizing...
With opinion polls showing the odds for Senate control increasingly in their favor, Republicans are exploring a series of efforts to repeal some of Obamacare's taxes and penalties on businesses. Senate Republican Leader Mitch McConnell came under fire from conservatives critics last week after saying the party was unlikely to have the 60 Senate votes, out...
WASHINGTON, Sept 17- The U.S. Senate's top Democratic and Republican tax law writers on Wednesday both urged colleagues to renew a set of expired federal tax breaks, many of which support renewable energy. "We are optimistic that Congress will pass tax extenders," said David Ward, spokesman for the American Wind Energy Association.
WASHINGTON, Sept 16- The U.S. Senate's top Democratic tax-writer said on Tuesday he is considering linking legislation to curb foreign corporate buyout deals known as inversions with separate efforts to renew expired tax breaks that businesses want extended.
Senator Orrin Hatch, the top Republican on the tax-writing Finance Committee, said billionaire investor Warren Buffett called him recently to find out what Congress might do about companies that move abroad for tax purposes.
WASHINGTON, July 22- Immediate government action is needed to stop U.S. corporations from avoiding federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.
WASHINGTON, July 10- The top Democratic and Republican tax writers in the U.S. Senate announced on Thursday a $10.8 billion plan to extend federal funding for transportation projects into the summer of 2015, roughly matching legislation moving through the House of Representatives.
During a hearing of the Senate Finance Committee, the panel's Democratic chairman and its ranking Republican member described Nathan Sheets as well qualified to be the Treasury's under secretary for international affairs.
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 16- The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.
WASHINGTON, June 5- The U.S. Senate on Thursday confirmed Sylvia Mathews Burwell as President Barack Obama's new health secretary, making her chiefly responsible for implementing the controversial healthcare law known as Obamacare.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.