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Business Kevin McCarthy

  • Rep. Kevin McCarthy: We should have a tax bill on president's desk in December

    Rep. Kevin McCarthy (R-Calif.), House majority leader, discusses the House tax bill including its provisions for R&D credits and stock option deferrals as well as the process for bringing the bill to conference.

  • House Majority Leader Kevin McCarthy on tax reform

    Rep. Kevin McCarthy (R-Calif.), House majority leader, speaks to "Squawk Alley" about the Congressional push for tax reform.

  • House Ways and Means Committee member Rep. Tom Reed (R-NY) keeps a stack of books that document the current federal tax code and related regulations on his desk during the first markup of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill November 6, 2017 in Washington, DC.

    Speaker Paul Ryan says the House and Senate will reconcile their tax bills after passing separate plans.

  • WASHINGTON— Sweeping tax legislation from Senate Republicans includes a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. On the other side of the Capitol on Thursday, the House Ways and Means Committee approved its own version of the legislation on a party-line 24-16 vote, amid...

  • House Ways and Means Committee Chairman Kevin Brady (R-TX) (L) sets down a copy of the current tax code as he and ranking member Rep. Richard Neal (D-MA) prepare for the first markup hearing of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill November 6, 2017 in Washington, DC.

    Following the House Ways and Means Committee's approval, the full chamber could vote on the tax plan as early as next week.

  • WASHINGTON— Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. On the other side of the Capitol, the House Ways and Means Committee approved its own version of the legislation on a...

  • WASHINGTON, Nov 2- President Donald Trump's drive for the deep tax cuts that he promised as a candidate reached a major milestone on Thursday, with his fellow Republicans in the House of Representatives unveiling long-awaited legislation to overhaul the tax code. Largely in line with expectations for the tax-cut plan they have been developing behind closed...

  • WASHINGTON, Nov 2- President Donald Trump's drive for the deep tax cuts that he promised as a candidate reached a major milestone on Thursday, with his fellow Republicans in the House of Representatives unveiling long-awaited legislation to overhaul the tax code. Congress has not succeeded on comprehensive tax changes since 1986, when Republican Ronald...

  • The SALT compromise would reduce, but not eliminate, a disproportional tax impact on upper middle-class families in high-income tax states such as New York, New Jersey and California. Those states send enough Republicans to Congress to derail a tax bill. If a SALT deal enables Republicans to pass tax legislation, it would be Trump's first major legislative...

  • WASHINGTON, Oct 31- Representative Jeb Hensarling, the Republican chairman of the U.S. House of Representatives Financial Services Committee, announced on Tuesday that he would retire from Congress at the end of 2018, marking the exit of Congress's leading advocate for rolling back strict financial rules. "Although service in Congress remains the greatest...

  • WASHINGTON, Oct 31- Representative Jeb Hensarling, the Republican chairman of the U.S. House of Representatives Financial Services Committee, announced on Tuesday that he would retire from Congress at the end of 2018, marking the exit of Congress's leading advocate for rolling back strict financial rules. "Although service in Congress remains the greatest...

  • WASHINGTON, Oct 31- Quarreling Republicans in Congress were close to a deal on Tuesday to preserve a federal tax deduction for state and local property taxes, but not income tax payments, potentially removing a major obstacle to progress on their U.S. tax overhaul plan. New York Republican Representative Tom Reed said a "sweet spot" compromise was gaining support...

  • Kevin McCarthy

    Trump's victory in the election had nothing to do with what Russia may or may not have done, Rep. Kevin McCarthy says.

  • Kevin McCarthy

    Responding to talk about a new tax bracket at the top, McCarthy says the government shouldn't "punish people for being successful."

  • President Donald Trump speaks during a meeting with members of the Senate Finance Committee and members of the President's economic team in the Cabinet Room of the White House in Washington, DC on Wednesday, Oct. 18, 2017.

    President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday.

  • WASHINGTON, Oct 29- President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will not reveal...

  • WASHINGTON, Oct 29- President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will not reveal...

  • WASHINGTON, Oct 29- President Donald Trump's plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will not reveal...

  • LOS ANGELES, Oct 12- President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country, fueled by falling development costs and those same subsidies, which many...

  • WASHINGTON, Oct 5- The No. 2 Republican in the U.S. House of Representatives said on Thursday that he expects Congress will take steps to control the use of "bump stock" gun accessories that enable rifles to be turned into rapid-fire guns, following Sunday's mass shooting in Las Vegas. "This is definitely an area we should look at," House Majority Leader Kevin McCarthy...