Politics Kevin Brady

  • WASHINGTON, Sept 20- The European Union's competition regulator said on Tuesday she is not about to launch a new wave of tax investigations against U.S. companies after last month's 13 billion-euro decision against Apple Inc.. The tweet stemmed from a Sept. 16 letter from Business Roundtable President John Engler who asked the 28 states that make up the EU...

  • WASHINGTON, Sept 13- U.S. household income posted a record increase in 2015 after years of stagnation, suggesting the recovery from the Great Recession was finally lifting ordinary citizens who had been largely left behind. The Census Bureau said on Tuesday that median household income surged 5.2 percent last year to $56,500, the highest since 2007, in large...

  • WASHINGTON, Sept 13- U.S. household income posted a record increase in 2015 after years of stagnation, suggesting the recovery from the Great Recession was finally lifting ordinary citizens who had been largely left behind. The Census Bureau said on Tuesday the median household income surged 5.2 percent last year to $56,500, the highest level since 2007, in...

  • WASHINGTON, Aug 30- A European Commission order requiring Apple Inc to pay Ireland $13 billion euros in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform. The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic...

  • WASHINGTON, Aug 30- A European Commission order requiring Apple Inc to pay Ireland $13 billion euros in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform. The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic...

  • WASHINGTON, Aug 30- A European Commission order requiring Apple Inc to pay $13 billion euros in taxes on Tuesday drew swift and angry rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for international tax reform. The U.S. Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations...

  • In separate letters, top Republicans on the Senate Finance Committee and House Ways and Means Committee warned on Monday that Treasury is moving too quickly to adopt regulations to prevent overseas mergers known as tax inversions, in which U.S. firms relocate their headquarters in countries with lower corporate tax rates. "If the proposed regulations are not...

  • CHICAGO, Aug 4- Relief may soon be on the way for more than 2 million Americans who face big cuts in their Social Security benefits simply because they worked in government jobs that come with a pension. Both are designed to prevent double-dipping from Social Security and public-sector pensions. Under the WEP, a worker retiring this year who might otherwise...

  • NEW YORK/ WASHINGTON, Aug 4- Two business groups sued the Obama administration on Thursday over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion. The U.S. Chamber of Commerce and the Texas Association of Business filed a lawsuit in Texas federal court that said a regulation from the U.S. Treasury...

  • WASHINGTON, Aug 2- President Barack Obama and Singapore's prime minister on Tuesday made sales pitches for a Pacific Rim trade deal that both U.S. presidential candidates Hillary Clinton and Donald Trump have derided and that has been stalled in Congress. It won't just be a political symbol or a political football, "Obama told a White House news conference with...

  • WASHINGTON, June 24- The head of the powerful U.S. House panel that oversees trade on Friday called for discussion to begin on a trade pact with Britain, given its decision to exit the European Union. "American companies, farmers, and workers depend on opening markets to our exports and investment," House Ways and Means Committee Chairman Kevin Brady said in a...

  • WASHINGTON, May 18- The U.S. International Trade Commission said on Wednesday that the sweeping pan-Pacific trade deal President Barack Obama wants Congress to approve before he leaves office would likely have only a small positive effect on the overall U.S. economy. Trade Representative Michael Froman said the ITC report would be "one data point among many"...

  • "We recognize there is broad discretion in some areas of that tax code," Brady, a Texas Republican and chairman of the tax-writing House of Representatives Ways and Means Committee, said in a speech to the U.S. Chamber of Commerce. "But it certainly appears that Treasury overstepped its authority, especially in effect, taking legislative proposals that haven't...

  • "We recognize there is broad discretion in some areas of that tax code," Brady, a Texas Republican and chairman of the tax-writing House of Representatives Ways and Means Committee, said in a speech to the U.S. Chamber of Commerce. "But it certainly appears that Treasury overstepped its authority, especially in effect, taking legislative proposals that haven't...

  • Rep. Kevin Brady

    House Ways and Means Committee Chairman Kevin Brady talks to CNBC's John Harwood on tax code changes, the Fed's shortcomings and Obama's trade deal.

  • Santelli Exchange: Rep. Brady on Obamacare

    CNBC's Rick Santelli is joined by Rep. Kevin Brady, (R-TX), to discuss the role of the Federal Reserve and immigration & tax reform.

  • President Barack Obama speaking at the Associated Press luncheon during the ASNE Convention.

    President Obama is presiding over an economic recovery that is “dead last in the modern era,” Texas Congressman Kevin Brady said Friday on CNBC.

  • U.S. Minority Leader Rep. John Boehner

    A united House Republican leadership surrendered crisply and cleanly on legislation to extend expiring payroll tax cuts for 160 million Americans, skipping most if not all of the self-defeating drama that accompanied their far noisier retreat on the issue late last year.