The Obama administration may need to make still more changes to protect consumer privacy on the government's health insurance website.» Read More
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.
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.
Sen. Orrin Hatch (R-UT) weighs in on whether Republicans will budge on raising taxes on the top two percent of taxpayers, and the odds of reaching a deal by the end of the year.
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, Nov 1- A U.S. government agency has withdrawn a report that challenged Republican ideas about taxes and economic growth- an action that drew fire from Democrats who accused it on Thursday of bowing to political pressure.
Joint Committee on Taxation Chief of Staff Thomas Barthold wrote in the letter to lawmakers that he conducted an "experiment" after meeting with members of the Senate Finance Committee about tax reform in September.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as "obsolete" a Reagan-era model of tax reform.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday called for scrapping a venerated U. S. tax r eform model in re marks t hat hardened his party's negotiating position ah ead of talks set to gain momentum soon on the so- called "fiscal cliff".