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Politics Kevin Brady

  • WASHINGTON— The Latest on President Donald Trump's tax overhaul:. Treasury Secretary Steve Mnuchin told reporters at a White House briefing that the plan "will pay for itself with growth and with reduction of different deductions and closing loopholes." House and Senate Republican leaders offered mild praise for President Donald Trump's outline to overhaul...

  • With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-through businesses, including many small business partnerships and sole proprietorships, to 15 percent from 39.6 percent, an administration official said. "We're driving this a little bit more," a senior White House official told a...

  • Trump intends for his blueprint, which will fall short of the kind of comprehensive tax reform that Republicans have long discussed, to be a guidepost for lawmakers in the U.S. House of Representatives and Senate. "We're driving this a little bit more," a senior White House official told a group of reporters late on Tuesday. Mnuchin has been leading the...

  • Some Washington policy analysts viewed the White House plan as likely to fall well short of a full-scale tax reform and as damaging to prospects for a thorough tax code overhaul in 2017.. One veteran tax lobbyist said Congress and the White House still were likely to strike a tax deal this year. Treasury Secretary Steven Mnuchin and National Economic Council...

  • President Donald Trump's two tax policy chiefs were slated to go to Capitol Hill late on Tuesday to meet with top lawmakers as Washington dug for details on an impending Trump tax plan. Some Washington policy analysts viewed the White House plan as likely to fall well short of a full-scale tax reform and damaging to prospects for a thorough tax code overhaul in...

  • WASHINGTON, April 25- President Donald Trump's two tax policy chiefs were slated to go to Capitol Hill late on Tuesday to meet with top lawmakers as Washington dug for details on an impending Trump tax plan. One veteran tax lobbyist said Congress and the White House were still likely to strike a tax deal this year. Meeting Mnuchin and Cohn along with McConnell will...

  • WASHINGTON— President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also blowing a massive hole in the budget? A senior administration official...

  • WASHINGTON, April 21- President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills. The process has begun long ago, but it really formally begins on Wednesday, "Trump said during a visit to the...

  • WASHINGTON, April 21- President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills. The process has begun long ago, but it really formally begins on Wednesday, "Trump said during a visit to the...

  • WASHINGTON, April 18- The tax-writing committee of the U.S. House of Representatives will begin holding hearings on a Republican tax reform proposal next week, the panel's chairman said on Tuesday, even as the timeline for overhauling the tax code slips toward late 2017.. House Ways and Means Committee Chairman Kevin Brady told Fox News he would soon announce a...

  • WASHINGTON, April 18- The tax-writing committee of the U.S. House of Representatives will begin holding hearings on a Republican tax reform proposal next week, the panel's Republican chairman said on Tuesday. House Ways and Means Chairman Kevin Brady told Fox News that the panel will soon announce hearings on the plan known as the House blueprint "starting next...

  • The report predicted economic harm to Georgia, Kentucky, Louisiana, Michigan, South Carolina, Tennessee and Texas- all states Trump won in the 2016 presidential election. The list of hard-hit states also includes California, New Jersey and Illinois, which were carried by Democrat Hillary Clinton. The study was sharply criticized by House Ways and Means...

  • House Ways and Means Committee Chairman Kevin Brady (R-Texas).

    The tax oversight committee in the House will hold hearings in coming weeks as the panel prepares to unveil legislation to overhaul the tax code.

  • WASHINGTON, April 5- The tax oversight committee in the U.S. House of Representatives will hold public hearings in coming weeks as the panel prepares to unveil legislation to overhaul the U.S. tax code, congressional aides said on Wednesday. The plan for hearings emerged during an hour-long meeting between House Ways and Means Committee Chairman Kevin Brady...

  • WASHINGTON, April 3- The Texas Republican spearheading tax reform efforts in the U.S. House of Representatives will meet with Democrats to discuss policy ideas, as Republicans try to secure a victory for President Donald Trump after his healthcare bill's failure. House Ways and Means Committee Chair Kevin Brady said the meeting with his panel's 16 Democratic...

  • House Speaker Paul Ryan (R-WI) holds a news conference after Republicans pulled the American Health Care Act bill to repeal and replace the Affordable Care Act act known as Obamacare, prior to a vote at the U.S. Capitol in Washington, March 24, 2017.

    After their humiliating loss on health care, Republicans in Congress could use a quick victory on a big issue. It won't be an overhaul of the tax code.

  • Chairman Dave Camp, R-Mich., left, and Rep. Sander Levin, D-Mich., ranking member, conduct a House Ways and Means Committee hearing.

    Doing a comprehensive tax reform bill is somewhat easier than trying to do just tax cuts, former Rep. Dave Camp said.

  • WASHINGTON, March 28- Trump administration trade officials want a revamped North American Free Trade Agreement to improve access for U.S. farm products, manufactured goods and services in Canada and Mexico, said lawmakers who met with them on Tuesday. That time frame is viewed by some members as "ambitious," especially because it is not clear when the...

  • WASHINGTON, March 27- The White House will take a lead role in crafting legislation to overhaul the U.S. tax code, eyeing an August target date as President Donald Trump seeks his first legislative victory following the failure last week of a long-promised bill to undo Obamacare. The White House said on Monday it was moving ahead with tax reform, calling it a "huge...

  • WASHINGTON, March 27- Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. "Obviously, we're driving the train on this," White House spokesman Sean Spicer said during a...