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Paul Ryan

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  • Senate pushes conservative budget toward approval Thursday, 26 Mar 2015 | 3:08 AM ET

    WASHINGTON— Republicans slowly pushed a balanced-budget blueprint toward Senate approval Thursday, laying down conservative markers for a likely veto struggle with President Barack Obama over their plans to erase deficits through trillions in spending cuts and repeal of the health care law. Separately, legislation to stabilize the system for paying...

  • WASHINGTON— Senate Republicans are matching President Barack Obama's proposals to cut Medicare by more than $400 billion over the coming decade, though they're not embracing his specific cuts to health care providers like hospitals and drug companies. Slated for release Wednesday afternoon, the GOP senators' companion measure contains greater cost cuts...

  • It will be overseen by two rookie Budget Committee chairmen in the Senate and House of Representatives. The orthopedic surgeon from Georgia is also widely expected to recycle controversial changes to Medicare championed by his predecessor, Paul Ryan, which would turn the popular health care program for seniors into a system of subsidies for private...

  • WASHINGTON, March 16- U.S. Senate Finance Committee Chairman Orrin Hatch, a Republican, said on Monday he is making progress with his Democratic colleagues on a bill to streamline the passage of free-trade deals through Congress. "We're making headway," Hatch told reporters. Hatch has been negotiating with the panel's top Democrat, Ron Wyden, and the Republican...

  • WASHINGTON, March 16- U.S. Senate Finance Committee Chairman Orrin Hatch, a Republican, said on Monday he is making headway with his Democratic colleagues on a bill to streamline the passage of free-trade deals through Congress. "We're making headway," Hatch told reporters. Hatch has been negotiating with the panel's top Democrat, Ron Wyden, and the Republican...

  • 5 things to know about Congress' budget debate Monday, 16 Mar 2015 | 3:14 AM ET

    WASHINGTON— Congress' annual budget debate pits Republicans against Democrats as the newly empowered GOP in the House and Senate offer their alternatives to President Barack Obama's budget. It sets out, in broad strokes, goals for spending, tax revenues and changes to crucial programs like Medicare, Medicaid, food stamps and student loans as well as the health...

  • WASHINGTON— GOP defense hawks are pressing to find ways to boost the Pentagon's bottom line as the annual budget debate cranks up on Capitol Hill, as tension between defense hawks and budget hard-liners is already making it difficult for Republican leaders to assemble a majority behind their soon-to-be-revealed budget blueprints. Senate Armed Service...

  • This is how billionaires enjoy super-low tax rates Thursday, 12 Mar 2015 | 2:41 PM ET
    Marc Lasry

    A rule lets the wealthy managers of private funds pay about half the tax rate they usually would—and it's unlikely to change soon.

  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • The SEC alleged that Bolan, a research analyst, tipped Ruggieri, a trader, about upcoming upgrades and downgrades in ratings of various companies, allowing Ruggieri to make more than $117,000 in profits for Wells Fargo. The SEC, which brought the case in September, said Bolan also tipped off a friend, who was able to reap $10,000. Absent an agreement by the SEC and...

  • Negotiators from 12 Pacific nations hope to conclude talks on a Trans-Pacific Partnership within months, and House Ways and Means Committee Chairman Paul Ryan said legislation known as trade promotion authority should pass soon, easing a major hurdle. The TPP pact would link 12 countries from the United States to Japan, Australia and New Zealand, and cover...

  • WASHINGTON, Feb 13- The Republican Party's leading voice on taxes and budgets, Paul Ryan, said on Friday that the current Congress has only a few months to pull together a deal to overhaul the U.S. tax code. Washington has not been able to summon the political will to reform the loophole-riddled tax code for 28 years. Congress' energies in the autumn will be consumed...

  • WASHINGTON, Feb 5- Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a U.S. congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's goals should drop out. "For TPP, Japan and Canada just have to lower their agricultural tariffs," he said at an event hosted by...

  • WASHINGTON, Feb 5- Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's ambitious goals should drop out. Negotiators from 12 Pacific countries hope to wrap up talks on the Trans-Pacific...

  • WASHINGTON, Feb 4- The United States has to walk a fine line when trying to address currency manipulation in trade agreements, the head of a congressional committee responsible for trade said on Wednesday. House of Representatives Ways and Means Committee Chairman Paul Ryan said the dollar's role as reserve currency meant the United States had to find a...

  • WASHINGTON, Feb 3- The Obama administration on Tuesday said it saw room for compromise with Congress on a potential overhaul of the business tax code, but a top Republican lawmaker said the two sides remained at loggerheads over taxes on small companies. Treasury Secretary Jack Lew appeared before lawmakers to explain a White House budget proposal that would...

  • WASHINGTON, Feb 3- The Obama administration on Tuesday said it saw room for compromise with Congress on a potential overhaul of the business tax code, but a top Republican lawmaker said the two sides remained at loggerheads over taxes on small businesses. Treasury Secretary Jack Lew appeared before lawmakers to explain the White House budget proposal that...

  • Reviving a long-running debate about corporate tax avoidance, Obama will target a loophole that lets companies pay no tax on earnings held abroad, the White House said. He will also seek to impose a 19 percent tax on U.S. companies' future foreign earnings, the White House said. The $238 billion raised from the one-time tax would fund repairs and improvements to...

  • WASHINGTON, Feb 1- President Barack Obama's fiscal 2016 budget proposes a 19 percent tax on U.S. companies future foreign earnings and a one-time 14 percent tax on roughly $2 trillion of profits being held offshore, the White House said on Sunday. The White House has long been critical of practices by U.S. companies that it views as avoiding tax responsibilities...

  • WASHINGTON, Jan 29- President Barack Obama will call for a 7 percent rise in U.S. domestic and military spending in his budget that would end caps known as' sequestration,' the White House said on Thursday, setting up a new source of conflict with Republicans in Congress. The White House rejects that criticism and hopes Obama can find common ground with lawmakers...