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Politics Kevin Brady

  • MORRISTOWN, New Jersey— President Donald Trump is promising "the largest tax cut in the history of our country" that will slash rates for the middle class and corporations to spark economic growth and jobs. Trump said the tax plan that the White House and congressional Republicans have been working on for months, for the first major overhaul of the tax system in...

  • The White House and tax-writing Republican leaders are expected to begin filling in some of the details this coming week on Trump's plan to simplify the tax system, a legislative priority for the president. The White House views this as a once-in-a-lifetime opportunity to simplify taxes and cut rates, while giving Trump a much-needed victory as the...

  • Kevin Brady, R- Texas, chair of the House Ways and Means Committee, would ease requirements for deducting individual property losses and allow people to draw on their retirement funds without penalty. Vern Buchanan of Florida, a senior member of the Ways and Means Committee and co-chair of the state's congressional delegation, called Brady's legislation "a...

  • Treasury Secretary Steven Mnuchin

    The timeline for any kind of very big tax bill looks incredibly ambitious and difficult to navigate, Politico's Ben White says.

  • WASHINGTON, Sept 14- Republican efforts to unite the White House, Senate and House of Representatives behind a single tax reform plan appeared to be unraveling on Thursday, when one of the "Big Six" negotiators said the group would not dictate tax policy in the Senate. Some analysts viewed the Utah Republican's comments as the beginning of what could be a widening...

  • WASHINGTON, Sept 14- The U.S. Senate's top Republican on tax policy warned on Thursday that the "Big Six" tax negotiators from the White House, Senate and House of Representatives would not dictate the direction of expected tax reform legislation to his committee. In a defiant statement issued at a time when top Republican policymakers from the Trump...

  • WASHINGTON, Sept 14- The U.S. Senate's top Republican on tax policy warned on Thursday that the "Big Six" tax negotiators would not dictate the direction of expected tax reform legislation to his committee. In a defiant statement issued at the start of a tax reform hearing, Senate Finance Committee Chairman Orrin Hatch said his panel would not serve as "anyone's...

  • GOP leaders made that "revenue neutral" promise in a campaign manifesto last year and many times since. Ryan's comments signaling possible retreat on a core GOP commitment came amid quickening action on taxes, which Republicans view as their last, best chance to notch a significant accomplishment to take to voters in the 2018 midterm elections following the...

  • Trump met with the two top congressional Democrats over dinner at the White House in a search for common ground that could make it easier to get a tax-cut package through Congress. The White House and the Republican-led Congress have yet to put forth a detailed tax plan, despite months of high-level talks that had until recent days excluded Democrats.

  • As Trump prepared to host the two top congressional Democrats at a White House dinner, Treasury Secretary Steven Mnuchin told Fox News that the administration's tax cuts could be paid for through economic growth. The White House and the Republican-led Congress have not put forth a detailed tax plan, despite months of high-level talks that had until recent...

  • WASHINGTON, Sept 13- President Donald Trump said on Wednesday the rich might see a hike in taxes as he pursues a major tax overhaul with outreach to Democrats who oppose cutting rates for the wealthy, while Republicans in Congress set a timetable to unveil their plan. The White House and the Republican-led Congress have not put forth a detailed tax plan despite...

  • GOP leaders made that "revenue neutral" promise in a campaign manifesto last year and many times since. Ryan's comments signaling possible retreat on a core GOP commitment came amid quickening action on taxes, which Republicans view as their last, best chance to notch a significant accomplishment to take to voters in the 2018 midterm elections following the...

  • Rep. Richard Neal (D-MA).

    Rep. Richard Neal says Bush's tax cuts benefited the wealthy and Reagan's left the U.S. with huge deficits.

  • Rep. Kevin Brady: Tax reform is not about red state vs. blue state

    House Ways & Means Chairman Rep. Kevin Brady (R-Texas) pushes back on the idea that blue states will suffer more under the proposed tax plan, and weighs in on the role Democrats will play in shaping tax legislation.

  • Rep. Kevin Brady: We will have the lowest rates in modern history

    House Ways & Means Chairman Rep. Kevin Brady (R-Texas) shares his thoughts on what he hopes to achieve in rehauling the nation's tax code.

  • WASHINGTON, Sept 12- Tax-policy writers in the U.S. House of Representatives are considering legislation to bring tax relief to businesses and individuals affected by Hurricanes Harvey and Irma, the top House lawmaker on tax issues said on Tuesday. Representative Kevin Brady, Republican chairman of the House Ways and Means Committee, said staff was working...

  • We'll share it at that time, " Senate Finance Committee Chairman Orrin Hatch, a member of the" Big Six "tax reform policymakers, told reporters. The timeline suggests that members of Congress may not get a look at the emerging tax reform plan until the last week of September at the earliest. As recently as Friday, House Republicans had said they expected to learn as...

  • Cars make their away through a flooded street the morning after Hurricane Irma swept through the area on September 11, 2017 in Bonita Springs, Florida.

    Access to retirement funds could be necessary for people impacted by the storm.

  • Flooding resulting from Hurricane Harvey in Houston, Texas.

    The plan would allow access to savings in 401(k) plans, penalty-free.

  • Trade Representative Robert Lighthizer, speaking in Mexico City after a second round of NAFTA talks with Canada and Mexico, said negotiations with Seoul were continuing. The chairmen and senior Democrats on the House of Representatives Ways and Means Committee and the Senate Finance Committee said in a statement on Tuesday that North Korea's sixth and...